Quoted Articles

Jul 29, 2022

Giants QB Tyrod Taylor Calls His Own Plays as a Fashion Entrepreneur New York Giants quarterback Tyrod Taylor has quietly become a leading athlete investor in private equity and venture capital, putting money into roughly two dozen companies.

Dec 4, 2021

How a Roth IRA Works After Retirement In recent years, the Roth IRA has skyrocketed in popularity with Americans looking to stash money away for retirement. In mid-2020, Roth IRAs were held by 26.3 million U.S. households, or 20.5%, according to data from the Investment Company Institute.

Dec 3, 2021

How 10 Types of Retirement Income Get Taxed When you’re planning for retirement, it’s fun to contemplate all the travel, rounds of golf and restaurant meals you have ahead of you. You’ve earned it! However, many retirees don’t take into consideration the cumulative impact of federal and state income taxes on withdrawals from their nest eggs.

Dec 3, 2021

How 10 Types of Retirement Income Get Taxed When you’re planning for retirement, it’s fun to contemplate all the travel, rounds of golf and restaurant meals you have ahead of you. You’ve earned it! However, many retirees don’t take into consideration the cumulative impact of federal and state income taxes on withdrawals from their nest eggs.

Dec 1, 2021

How Is Your 401(k) Taxed When You Retire? When you withdraw funds from your 401(k)—or “take distributions,” in IRS lingo—you begin to enjoy the income from this retirement mainstay and face its tax consequences. For most people, and with most 401(k)s, distributions are taxed as ordinary income. However, the tax burden you’ll incur varies by the type of account you have: traditional or Roth 401(k), and by how and when you withdraw funds from it.

Nov 23, 2021

5 of the Best Financial Gifts for Grandkids If you’ve been giving your grandchildren cash for the holidays, now is a good time to rethink that. There are other financial gifts that will help teach them the value of money and set them up for li…

Nov 18, 2021

Millennials: Finances, Investing, and Retirement Millennial is the name given to the generation born between 1981 and 1996, dates now clarified by the Pew Research Center, although some have seen them as starting in 1980 and being born as late as 2004. Also known as Generation Y (Gen Y), the millennial generation follows Generation X, and in terms of numbers, has edged out the Baby Boomers as the biggest generation in American history.

Nov 10, 2021

Medicare 101: Do You Need All 4 Medicare Parts? There are four parts of Medicare: Part A, Part B, Part C, and Part D.1 In general, the four Medicare parts cover different services, so it’s essential that you understand the options so you can pick your Medicare coverage carefully.

Nov 10, 2021

To Tame Inflation: Plan! Inflation seems to be rising. Certainly, Americans are noticing higher prices at the gas pump. But the real question in a wealth and retirement forum, is how should investors and, in particular, soon…

Oct 25, 2021

Will Your Retirement Income Be Enough? A 2020 survey from Schwab Retirement Plan Services found the average 401(k) participant thinks they’ll need $1.9 million to retire, a 12% increase from the previous year’s survey.1 Of course, many people in the U.S. aren’t investing enough to reach that savings goal—and the income it brings.

Oct 21, 2021

How Social Security Works for the Self-Employed When you work for someone else, that employer takes Social Security taxes out of your paycheck and sends the money to the Internal Revenue Service (IRS).1 But things work a little differently for people who are self-employed. If you fall into this category, keep reading. This article will help you understand how to calculate the Social Security taxes you owe.

Sep 30, 2021

Should I Sell My Home When I Retire? Whatever your vision for retirement, you have to consider whether or not you will continue to live in your current home. Some retirees downsize from a house that was once full of kids. Others want to stay forever, if possible, where they’ve lived for decades. Which option is right for you?

Sep 28, 2021

Financial Planning for Professional Athletes: An Inside Look Financial planning is a must for professional athletes, who are famous for burning through their six-, seven- and even eight-figure salaries. Many pro athletes earn in a single year or a few years what the average worker may not see in a lifetime, but this can give a false sense of security.

Sep 18, 2021

Using Your IRA to Pay off Credit Card Debt You feel like you’re drowning in credit card debt. And while you can’t squeeze anything more out of your paycheck, you may have a tidy sum sitting in an individual retirement account (IRA). Sure, those funds are supposed to stay untouched until you retire. But that’s a long way off. Might it be a better move to use all or part of your IRA to get those high balances off your back? Read on to find out more about the implications of using retirement funds to pay off credit card debt.

Sep 16, 2021

4 Mistakes People Make When Downsizing in Retirement Many people fantasize about financing a good chunk of their retirement by selling their current home, buying a smaller place, and investing the difference for income. In reality, however, they often reap far less profit than they might have hoped.

Aug 16, 2021

Got an (un)expected windfall? Here’s how to protect your wealth Unexpected or not, it can be tempting to start spending more when you earn more. But before you do, take pause. “You have to ask yourself if you want to be drinking expensive wine now or buying a vineyard later on,” said Jonathan Drubner, certified financial planner and wealth advisor at Intersect Capital.

Jul 4, 2021

What Your 401(k) Could Look Like in the Next 20 Years For building retirement savings, 401(k) savings plans have become one of the better deals. Traditional 401(k)s allow you to save pre-tax dollars right out of your paychecks to build a retirement nest egg. The Roth 401(k) has been added to many workplace plans; it allows you to build savings that you can withdraw tax-free in retirement as long as you meet certain prerequisites. Many employers provide matching contributions to employee plans, making them an even better deal.

Jun 29, 2021

Why Save for Retirement in Your 20s? When you’re in your 20s, retirement seems so far off that it hardly feels real at all. In fact, it’s one of the most common excuses people make to justify not saving for retirement. If that describes you, think of these savings instead as wealth accumulation, suggests Marguerita Cheng, CFP, CEO of Blue Ocean Global Wealth in Rockville, Md.

Jun 29, 2021

How an IRA Works After Retirement An individual retirement account (IRA), as the name implies, is a place to store those golden nest eggs for the golden years. But here’s an interesting fact: Many senior workers and new retirees are still building their IRAs. More than half of the IRAs owned by those near or in retirement (60 or older) saw balance increases over a three-year period, according to the Employee Benefit Research Institute.

Jun 24, 2021

How to Conduct Due Diligence on a Financial Advisor For 11 years, Phillip A. Kenner, a former financial advisor, solicited hockey players to invest money in schemes he said would earn significant profits. Rather than investing the money as promised, Kenner along with Tommy C. Constantine, a former professional race car driver, used the funds to pay for personal real estate purchases, jewelry, travel costs, credit card bills and other expenses. In total the victims of Kenner and Constantine’s schemes lost more than $15 million, according to a press release from the FBI.

Jun 24, 2021

How Should I Respond to Volatile Markets? It is hard not to react to the stock market – especially when it makes wild, unpredictable gyrations up-and-down and steep, unexpected dives. We look on petrified as our portfolios plunge in value. We call friends, family and financial advisors in search of reassurance. Some of us panic and sell to limit losses. Yet just a few months earlier we were eagerly pouring through news articles and analyst reports looking for the next big thing. A few of us bragged about double-digit returns.

Jun 24, 2021

5 tax strategies to boost your retirement savings The stories leading the MarketWatch homepage right now.

Jun 24, 2021

7 Common Tax Time Mistakes Small Business Owners Make Small business ownership and tax expertise do not necessarily go hand-in-hand. And that’s OK — as a care professional, your foremost focus should be on providing the best possible services and growing your business from the bottom up.

Jun 24, 2021

Daily Markets: Jobless Claims and Infrastructure to Drive Day’s Trading Also, the Fed will release the results of its stress test after the market closes.

Jun 24, 2021

Retirement Planning Learn how much you need to retire comfortably, and how to prepare for the “unexpected” in retirement. Prepare for everything from living expenses, to healthcare, to planning that trip you’ve always wanted to take.

Jun 24, 2021

PROFESSIONAL ATHLETES GOING BROKE: PERSPECTIVES FROM FINANCIAL ADVISORS A THESIS PRESENTED TO THE GRADUATE SCHOOL OF THE UNIVERSITY OF FLORIDA IN PARTIAL FULFILLMENT OF THE REQUIREMENTS FOR THE DEGREE OF MASTER OF SCIENCE UNIVERSITY OF FLORIDA 2021.

Jun 3, 2021

How Are 401(k) Withdrawals Taxed for Nonresidents? If you’re a citizen of Canada, Mexico, or another country and sometimes live and work in the U.S. on a visa, you may be considered a nonresident alien. For tax purposes, the IRS defines a nonresident alien as a non-U.S. citizen who is legally present in the U.S. but either lacks a green card or does not pass the substantial presence test. As a nonresident alien, the IRS requires you to pay income tax only on the money you earn from a U.S. source.1

Jun 2, 2021

How to Determine the Most Appropriate Time for Going into Retirement Decided to plan your retirement but confused with where to start from? For sure, that question needs considering various aspects: your lifestyle, needs, and other circumstances that can have a significant impact on our life.

Jun 1, 2021

What to Know About Tax Evasion and Avoidance Every taxpayer can take advantage of strategic tax planning to avoid overpaying on taxes. But as these methods become more aggressive, the line between legal tax avoidance and illegal tax evasion can become a blurry one.

May 24, 2021

Problems With 401(k) Plans Over the past quarter of a century, 401(k) plans have evolved into the dominant retirement plan scheme for most U.S. workers. While many improvements have been made to the structure and features of 401(k) plans since their creation, they’re not perfect. Here are six problems with the current 401(k) plan structure, along with ways to mitigate the effects.

Apr 26, 2021

How Are Dividends on IRAs Taxed? Dividend-earning stocks and mutual funds can help your retirement portfolio grow more quickly, so long as you reinvest the dividends. But they can be a tax trap when you want to take the money out, especially if you invested your money in a traditional IRA.

Apr 10, 2021

Know the Rules for Roth 401(k) Rollovers If you have moved jobs while holding a traditional 401(k), you are probably familiar with the rollover options for these ubiquitous retirement accounts. You may be less sure, though, of your options when you leave an employer with whom you hold a Roth 401(k), the newer and less prevalent cousin of the traditional 401(k).

Apr 10, 2021

5 Investments You Can’t Hold in an IRA/Qualified Plan For millions of Americans, the freedom offered by self-directed, traditional, and Roth IRAs can be very appealing. These accounts are not limited to the narrow selection of investments that are typically offered inside employer-sponsored retirement plans, such as 401(k) or 403(b) plans.1

Apr 10, 2021

Common IRA Rollover Mistakes Have you thought about rolling your traditional IRA from one financial institution to another? Maybe you’re looking for higher returns, more investment selections, or better service. If you roll over your traditional IRA, there are some common mistakes you should avoid. In this article, we’ll give you an overview of IRA rollover rules and discuss how to avoid common mistakes.

Apr 9, 2021

NFL players will now get paid for 36 weeks instead of 17 — will it benefit them financially? For the 2021 NFL season, professional football players will be paid their salaries over 36 weeks, a longer period than how they’ve been paid in recent years — 17 weeks — according to an ESPN report.

Apr 4, 2021

6 Signs That You’re Really Ready to Retire After years of hard work, you’re certainly entitled to a happy retirement. You may have already started daydreaming about it, at least a little. Will you travel the world, volunteer for your favorite charity, go fishing, or spend more time with the grandkids? The possibilities are endless.

Mar 30, 2021

6 Surprising Facts About Retirement Retirement is a topic that regularly makes headlines, and not all of them are encouraging. Americans are living longer than ever before. However, if you assume most people are saving more to prepare for their longer-term needs, you’d be mistaken. Here are some of the more startling truths about retirement in the U.S.

Mar 16, 2021

Managing Your Own 401(k): The Pros and Cons Participants in 401(k) plans might feel restricted by the narrow slate of mutual fund offerings available to them. And within individual funds, investors have zero control to choose the underlying stocks, which are selected by the mutual fund managers, who regularly underperform the market.

Nov 24, 2020

How Baby Boomers Can Stop Worrying About Retirement Are you getting close to full retirement age and worried that you can’t afford to retire? You’re not alone. Many older adults are working longer and finding other ways to make sure those nest eggs will be enough to last throughout retirement.

Nov 18, 2020

Credit Karma Guide to Filing Your Taxes for the First Time Filing taxes can be a tricky process, and if you’ve never done it before, it can be especially intimidating. But with a little preparation and some simple tools, you can get it done — maybe even more painlessly than you think.

Oct 20, 2020

9 Penalty-Free IRA Withdrawals The contributions you make to your individual retirement account (IRA) are intended to supplement your income during your retirement years. However, as much as you’d like to let your IRAs remain untouched until retirement, unforeseen expenses may force you to withdraw some of those assets early. Traditional and Roth IRA distributions can trigger a 10% penalty if you take them too soon, but there are early-withdrawal exceptions that let you skip the fine.

Jan 28, 2020

How Retirement Income Gets Taxed As you work to accumulate retirement savings, it’s fun to contemplate all the cruises, rounds of golf and restaurant meals you have ahead of you. You’ve earned it! However, many retirees don’t take into consideration the cumulative impact of federal and state income taxes on withdrawals from their nest eggs.

Jan 27, 2020

How Retirement Income Is Taxed When you’re planning for retirement, it’s fun to contemplate all the cruises, rounds of golf and restaurant meals you have ahead of you. You’ve earned it! However, many retirees don’t take into consideration the cumulative impact of federal and state income taxes on withdrawals from their nest eggs.

Oct 18, 2019

Debate Rages On as Ken Fisher’s Son Defends His Lewd Remarks Investment advisor Ken Fisher’s lewd comments at a recent event have prompted institutional and other investors to review their relationship with Fisher Investments. This and all the media attention seem to have prompted his son and colleague Nathan to come to his defense on LinkedIn — sparking a lively online debate.

Sep 9, 2019

Annuities and Planning For Retirement – 8 Experts Weigh In Because annuities provide guaranteed, safe retirement income they can be a good option to include in retirement strategies. Investors are drawn to this financial product because it is regarded as a safe investment, which is particularly appealing for those approaching retirement. In this article, 8 industry experts provide insight into how much annuities should factor in retirement planning.

Aug 23, 2019

13 Experts Weigh In on Elizabeth Warren’s 50/30/20 Spending Rule Sen. Elizabeth Warren wants to make fixing the U.S. economy a priority if she becomes president, and she has a plan to do it. But long before she was running for president, Warren was a personal finance expert hoping to help the average American take control of their finances. She even co-authored two books on the subject. Her 2005 New York Times bestseller, “All Your Worth: The Ultimate Lifetime Money Plan,” includes her popular budgeting rule, the 50/30/20 budget. According to the 50/30/20 rule, 50% of your income should be dedicated to monthly expenses that are needed, such as housing, transportation and groceries; 30% can go toward wants or discretionary spending; and 20% should be dedicated to savings.

Aug 21, 2019

How to Choose Between Bonds vs. CDs Whether you’re saving money, seeking an income stream or looking to diversify a stock portfolio, fixed-income investing deserves a look. Bonds and CDs are among the most popular fixed-income investments, each with income payments for a designated period of time.

Aug 20, 2019

Why It Pays to Know Your Investing Fees If the tired old cliché applies and the best things in life are free, then surely its opposite does as well and the worst things in life are fee. ATM fees. Concert ticket surcharge fees. Airport tax fees. How shall we count the feeble paths to hair-tearing aggravation?

Aug 14, 2019

8 Ways to Minimize Taxes in a Taxable Account “With a charitable trust, the consumer donates appreciated securities including stocks, bonds and funds, without paying any capital gains tax,” says Carlos Dias Jr., a wealth advisor at MVP Wealth in Orlando, Florida. If an investor sells $100,000 worth of appreciated stock that was originally worth $25,000, that person would owe capital gains tax on $75,000. If someone donated the appreciated stock to a charitable trust, the $100,000 would go to a charity that would sell the stock, while the investor incurs no capital gains tax liability. Depending upon the type of trust, the investor receives income from the trust and a tax deduction during the next five years after the gift is bequeathed, Dias says.

Dec 27, 2018

5 Ways Financial Advisers Misrepresent Themselves financial adviser is someone you should be able to trust, someone who has complete transparency and who is on the lookout for your best interests. But there are some using bogus titles, misrepresenting their credentials and misstating facts in order to sell you a product or service. There might even be the chance that your financial adviser isn’t licensed — or at best — is barely qualified to give the correct advice.

Aug 9, 2018

Where Your Money Goes After These 16 Life Curveballs If you want to get in control of your finances, you need to know where your money is going. Of course, you need to track your spending so you don’t blow your paycheck each month. You also need to know how much of your money you should be saving for the future.

May 30, 2018

Are Annuities a Solution for Baby Boomers in Retirement? Retirement is posing a lot of challenges for Baby Boomers as many feel their money won’t last over 30 years. Lower interest rates and market fluctuations are making them pursue other options that will provide a safety net for the remainder of their lives.

May 1, 2018

Bridging the NCAA’s Accident Insurance Coverage Gaps? A Deep Dive into the Uncertainties of Injury Coverage in College Contact Sports, and the Impact that has on Athletes’ Future Physical and Financial Comfort

Apr 20, 2018

6 Ways to Fix a Retirement Savings Shortfall Most investors who have planned for retirement have a mental picture: not answering to the Man, some travel, spoiling grandkids and maybe a second home. But unexpected expenses, failing health, or investment losses can derail plan A.

Apr 5, 2018

The Best Financial-Planning Options for Near-Retirees To help you decide what kind of financial advice is best for you, see if your situation is similar to this hypothetical client:

Apr 4, 2018

The Best Financial-Planning Options for Near-Retirees To help you decide what kind of financial advice is best for you, see if your situation is similar to this hypothetical client:

Mar 21, 2018

Tax Rules on 10 Different Retirement Accounts and Investments For a tax-conscious investor, finding tax-efficient investments is the key to successfully saving for retirement.

Feb 27, 2018

6 Options to Fund Long-Term Care in Retirement For many retirees, the term “long-term care” is typically associated with a nursing home. As we age, there is a greater chance we will need some sort of long-term care in the future. According to the U.S. Department of Health and Human Services , 70% of people over 65 will need long-term care at some point in their lives.

Feb 23, 2018

Claim Social Security Early or Wait? Advice from the Pros Few retirement conundrums are more confounding than this question: When should I claim Social Security benefits? The credentialed financial advisers whose columns appear on our Wealth Creation Channel have plenty of insights to share, from common rules of thumb to specific scenarios from their own clients that could be enlightening to others struggling with this all-important decision.

Feb 21, 2018

Claim Social Security Early or Wait? Pro Advice Few retirement conundrums are more confounding than this question: When should I claim Social Security benefits? The credentialed financial advisers whose columns appear on our Wealth Creation Channel have plenty of insights to share, from common rules of thumb to specific scenarios from their own clients that could be enlightening to others struggling with this all-important decision.

Feb 20, 2018

The Best Ways to Give the Gift of Stocks Two major provisions of the Tax Cuts and Jobs Act of 2017 will affect generous investors this year and in the foreseeable future. First, the amount of cash people can give away to people under the annual gift tax exclusion increased to $15,000 per individual, or $30,000 per married couple, making it a little easier for people to give their wealth away tax-free while they are still alive.

Nov 4, 2017

Many unaware of Roth 401(k) benefits If you’re lucky enough to have a Roth 401(k) at work, there’s a good chance that you don’t really understand the features and benefits of that workplace retirement savings account.

Oct 17, 2017

11 Smart Moves to Make Your Money Last in Retirement Financial advisers will tell you that the most telling — and risky — years of your retirement are the five before you leave the 9-to-5 world, and the five after you have forsaken a steady paycheck and learn to live on Social Security, perhaps a pension, and a lifetime of wealth accumulation through a retirement plan. Indeed, making your money last as long as you and your spouse do consistently shows up as the biggest worry among folks approaching or in retirement.

Oct 12, 2017

401(k)s: Why a Millennial avoids them, keeps savings in trading accounts instead Market traders like James Pollard don’t always play by the traditional rules of investing. For instance, Pollard, 24, a marketing consultant and owner of TheAdvisorCoach.com, which helps financial advisers attract new clients, prefers easy access to his hard-earned cash.

Oct 6, 2017

Going for broke: Many pro athletes still struggling with finances PHOENIX — Mike Tyson. Allen Iverson. Diego Maradona. Terrell Owens. Four major athletes, four major sports. And an estimated $600 million of earnings lost. Eight years after an eye-opening Sports Illustrated study suggested 60 percent of NBA players go broke within five years of retiring from the game, concerns remain about professional athletes’ finances as another NBA season nears. A new study by the National Bureau of Economic Research reports that nearly 16 percent of NFL players drafted between 1996 and 2003 declared bankruptcy within 12 years of retirement.

Oct 6, 2017

Going for broke: Many pro athletes still struggling with finances

Oct 6, 2017

Going for broke: Many pro athletes still struggling with finances PHOENIX — Mike Tyson. Allen Iverson. Diego Maradona. Terrell Owens. Four major athletes, four major sports. And an estimated $600 million of earnings lost. Eight years after an eye-opening Sports Illustrated study suggested 60 percent of NBA players go broke within five years of retiring from the game, concerns remain about professional athletes’ finances as another NBA season nears. A new study by the National Bureau of Economic Research reports that nearly 16 percent of NFL players drafted between 1996 and 2003 declared bankruptcy within 12 years of retirement.

Sep 19, 2017

At 35, a young dad strives to save $4,000 a month Adam Ligman has it all: a nice home, great job and a super-cute wife and kids. “I’m fortunate because we’re able to get what we need,” says Ligman, 35, an area sales manager at Intuitive Surgical, a maker of robotic surgical systems, in Pittsburgh. “Sometimes, the extras have to wait, but savings won’t.”

Aug 30, 2017

She went from paycheck to paycheck to starting her own business Vivian K. Gomez, a marketing executive, remembers the days when she was making barely enough to cover rent and the cost of her commute. She started in the public relations business at 20 and by the time she was 21, was director of her division at a celebrity marketing firm. From there, she took what she learned and founded her own company.

Aug 16, 2017

At 19, he bought his first property from his parents’ basement. But is real estate enough? Adam Ailion’s father likes to joke that his son started investing in real estate in the womb. As a third-generation realtor, Ailion, 30, knew that real estate had the potential to generate wealth if he purchased wisely at the right time.

Jul 5, 2017

The Benefit of Reinvesting Your Dividends What a difference a dividend makes. Often, when we talk about how the market or even a single stock is performing, we point to the change in price—but calculating returns isn’t always so simple. When a company pays a dividend, you should factor that in, too. For a fund or index made up of hundreds of different stocks, you should include dividends from all the companies that pay them. That can dramatically alter returns.