If you want to be prepared for your retirement, then take charge of your financial future. Unlock the power of your self-directed IRA. Are you tired of making investments that someone else thinks are good for you? Would you like to make investments that you know something about and have direct control over? Consider the power of diversifying your retirement investments through a ... Read More
IRA
Be Like Harvard and Create Your Retirement Paycheck
Got enough money for retirement? Do you know how you'll create your retirement paycheck? How do you turn that 401(k) or IRA into a sustainable stream of income? Now's the time to go back to school and learn a lesson or two from the Big Boys and be like Harvard. Whether or not you went to an Ivy League school like Harvard, you sure can invest like you did. One thing that Harvard and a retiree ... Read More
Using Your IRA for First Time Home Purchase
Can I tap my IRA to help with the purchase of my first home? Question:) When do I take the 10k out of my IRA for a first time home purchase? I know the process of finding a home in my area could take a significant amount of time. Money Coach's Answer: Congratulations on taking the leap into home ownership! The Basic Rule for IRA Distributions and Real Estate Purchases For those who are not ... Read More
IRA and 401k Contribution Limits Changed for 2013
The IRS has increased the maximum contribution limits for contributions made for 2013 to the following: Traditional/IRA Rollover: $5,500 ($6,500 if you are 50 years old or older) Roth IRA: $5,500 ($6,500 if you are 50 years old or older) SIMPLE IRA: $12,000 ($14,500 if you are 50 years old or older) SEP IRA: $51,000 ($51,550 if you are 50 years old or older) The IRS also announced ... Read More
How to Rollover Your 401(k)
Ask the Boston Money Coach Series Question: I once worked for a company where I had a retirement plan but after I left I didn't move my account. I was wondering how do I go about retrieving my money from my 401k? Response from Boston Money Coach Steve Stanganelli: Your first step is to contact the plan administrator or the human resource department of the firm. They will direct you to the ... Read More
Ask the Money Coach: How to Save for Retirement when Self-Employed
If you're a small business owner running a business by yourself or with your spouse, you are eligible for a "solo" 401(k) plan that can cover you and your spouse (if you have one). These types of plans are usually offered through any number of platform providers using a simple "prototype." By using this type of template, the costs for setting up a plan are significantly reduced. Most mutual fund ... Read More
Top Financial Mistakes of Divorce in Boston, Massachusetts: Part 3
3. USING YOUR BOSTON DIVORCE LAWYER AS YOUR FINANCIAL PLANNER (3rd in a Series) While your Boston divorce attorney may be an expert in the LAW, don't expect them to be an expert in TAXES, INSURANCE, CREDIT, or RETIREMENT. And when you think about it, once you get beyond child custody issues mostly everything else in a divorce is all about money - how much, who gets what, how to split it ... Read More
Death and Dealing with the Unexpected
Saturday was a beautiful spring day in New England. Temperatures were moderate. No humidity. It was bright and sunny with languid puffy clouds hanging in the noon time breeze. A beautiful day to be outside especially after the gloomy weather that Mother Nature has thrown at us during the winter and spring so far. A beautiful day for gathering with family and friends and celebrating the ... Read More
Divorce, College, Dividend Investing & Retirement Income: June 2011 ViewPoint Newsletter
June 2011 ViewPoint Newsletter The current issue of the ViewPoint Newsletter from Steve Stanganelli, CFP(R) and Clear View Wealth Advisors is available for download from the SlideShare.net website. A copy can also be found at the Clear View website newsletter archive. In this issue, I focus on the key themes of the newsletter: Retirement, College, Investing Strategy and Taxes. Retirement: ... Read More
Retirement Planning for College Bound Kids
For college-bound students, funding retirement has to be the farthest thing from their minds. Yet, with a little planning, parents may be able to kill two birds with one stone. Unfortunately, most parents of college-bound kids tend to overlook some obvious ways to lower the cost of college but wisely using the tax code and some retirement planning techniques can help. It may be a low-priority ... Read More
