by Leif Jensen | Feb 11, 2020 | Money Management |
Bankrate’s January Financial Security Index survey reveals that just four in 10 U.S. adults (41 percent) could cover the cost of a $1,000 car repair or emergency room visit using savings. This is not surprising, since we have been hearing about these reports for...
by Leif Jensen | Feb 10, 2020 | Retirement |
I am finding the fear of retirement to be very real, and not all that surprising. The internet is full of warnings of a pending recession in 2020 which is a major cause of concern, then there are the reports that most American’s do not have adequate financial...
by Leif Jensen | Feb 4, 2020 | Estate Planning, Money Management |
There is now a tightening on the distribution timeline for inherited IRAs and workplace retirement accounts. Many need to be cleaned out within 10 years of the death of the IRA owner or 401(k) participant. The exceptions allow payouts over the beneficiary’s life...
by Leif Jensen | Feb 3, 2020 | Investing |
The beginning age for taking required minimum distributions rises to 72 from 70½. This easing applies to account owners who turn 70½ after 2019. So, if you turned 70½ in 2019, you must still take your first RMD by April 1, 2020. Employees who work past age 72 can...
by Leif Jensen | Jan 29, 2020 | General, Money Management |
I have no idea why lately I have been intrigued with businesses that focus on targeting low income people. I know that I have seen a commercial recently that was advertising payday loans. I guess this piqued my curiosity that it was a profitable enough industry to...
