Is your Traditional IRA or Roth IRA following all the rules? You may assume the answer is yes, but IRA mistakes are far more common than you may realize, and the IRS is gearing up to investigate and penalize them accordingly. The Wall Street Journal reports that in 2006 and 2007 the IRS let about […]
Ever since 2002, health care expenses have grown an average of 6% per year which is well over twice the annual inflation rate of consumer prices overall. This statistic is staggering, but it’s still far too easy to overlook the impact of these rising costs on your retirement. In fact, many people still believe, erroneously, […]
There are many risks that we all face when it comes to retirement. Economic crises, the risk of outliving your savings, and healthcare emergencies are all major concerns. We don’t have control over them however we try to plan around them. The single biggest risk you face as a saver is very different: procrastination. This […]
1) Your old 401(k) is not being managed by the best of the best! 401(k) accounts are great for many things while you’re still employed with your current company, like high contribution limits and matching employer contributions. However, they are usually pretty poor when it comes to choosing investment managers and styles. To make savings […]
There’s still time to make a regular IRA contribution for 2010! You have until your tax return due date (not including extensions) to contribute up to $5,000 for 2010 ($6,000 if you were age 50 by December 31, 2010). Normally, your tax return must be filed by April 15. However, the IRS has extended […]
I sometimes hear from clients that estate planning sounds like something that only the very rich need to think about. This couldn’t be further from the truth. In reality, an estate plan is, at its most basic, a critical part of ensuring that your wishes are carried out should you become incapacitated or pass away. […]
Ask anyone if they’re ready for retirement, particularly after a difficult day, and you will likely hear an immediate “Yes!” But when it comes time to seriously consider the issue, the question of readiness becomes much more difficult. How much should I draw from my IRA or 401(k)? At what age should I retire? There […]
Here at the Bradford Pine Wealth Group, we believe in educating and informing our clients. In addition to providing guidance on investment options and strategies, we feel it’s important to include insight on the nuts and bolts of account management. One area that people generally don’t know about is the list of possible exemptions to […]
Spring cleaning should apply not only to your house but to your retirement accounts. Whether you’ve maintained 401(k) accounts at old employers or have already opened a Rollover Individual Retirement Account (IRA), keeping an eye on where your accounts are held and what you’re invested in can help you to get the most out of […]
Brad holds the following registrations:
4, 7, 24, 63, 65, Life & Health (LA-513612 NY)
