IRA Beneficiary Rules for Children are Different.
You’ve just inherited an IRA from someone not your spouse… usually a parent. Guess what! Your rules are different.
May 6, 2025
Year: 2025
How To Do a 401(k) Rollover.
If you’ve changed jobs or are getting ready to retire, don’t leave your old retirement account behind. Rolling over your employer-sponsored plan—like a 401(k) or 403(b)—into an IRA or new employer’s plan keeps your money growing tax-deferred and gives you more control over your investments.
April 17, 2025
How to Plan for a Tax Free Retirement
The Big Picture:
For years, baby boomers drove the housing market, and much of the economy, as they moved into their first homes, began raising families, and moved-up to larger homes finally ending-up in the “McMansions” we’re all familiar with today. The boomers are now older—they’re no longer moving up. In fact, they’re just beginning to “decumulate” and downsize.
April 4, 2025
The Future of Social Security
During his campaign, President Donald Trump pledged not to reduce Social Security benefits. He even proposed eliminating taxation on Social Security benefits, which would enable higher-income beneficiaries to retain more of their income.
March 17, 2025
Uncategorized
Tariffs, Trade Wars and the Cost of Guacamole
Rise of avocados is a powerful lesson in understanding how markets evolve
March 12, 2025
“How Can I Increase My Social Security Benefit?”
Not so long ago, baby boomers viewed Social Security as a retirement program for old folks. High-earning boomers felt that Social Security didn’t apply to them because the monthly checks were small, and they believed the system wouldn’t be around when they retired.
February 27, 2025
Bad Tax Planning begins when you believe your 401(k)/IRA statements.
If you have $500,000 in your 401(k) or IRA, it’s not really $500.000. That’s a tax planning mistake most people make going right out of the gate. If you’re married and filing jointly, it’s more likely you could have $325,000 (35% tax bracket) or just $315,000 (37% tax bracket).
February 18, 2025
DOGE Wants to “Streamline” Social Security – That will be interesting.
The three largest expenses in the federal budget are Social Security/Medicare, interest on the debt, and defense.
February 10, 2025
No More Zero Interest Rates!
The Fed’s zero interest-rate policy (ZIRP) resulted in printing money. Quantitative easing (QE) seemed to work as the stock market saw it’s longest bull market in history.
February 5, 2025
IFG Viewpoint & Outlook
No Tax on Social Security Benefits?
We all love free money; and no taxes on Social Security sounds good! Hey, Social Security benefits weren’t taxed for many years!
January 27, 2025
