I have recently started working with Investopedia.com. I will be providing original articles, quotes for other writers and answering Questions submitted by readers. Below are the questions and answers for the past week. Please click the “Read More link to view the entire interest. Please click to Follow me as well and you’ll be notified of my postings as they are posted.
I would go for an individual stock or two that are “Dividend Aristocrats.” These are companies that have increased the dividends paid to their shareholders for at least 25 years,… Read More
That’s what banks are for, you trade off low return for low or really no risk. Don’t think you are a dummy for doing so, there is $14.6 trillion dollars… Read More
Definitely not, if what you say is what is happening. First, a 401(k) is an off shoot of a profit sharing plan. Point is that the plan document, which he… Read More
Great, but loaded question! First, yes the market has gone straight up since 2009. But until 2013, it was only regaining what it lost in the financial crisis. This is… Read More
The way we handle this is to correct the RMD with draw immediately, which it appears you have done. The IRS actually says that they may impose a penalty of… Read More
The RMD for a 74 year old on $25,000 is just over $1,000. So by contributing $25,000 to a 401(k), you defer taxes on $25,000 of taxable income. According to… Read More
If your non-qualified savings is over $30,000 ($1,000/month x 30 months), then just keep the money in the bank and make your $1,000 withdraws. If your savings is less, or… Read More
Definitely “Yes.” There are two advantages to delaying your Social Security payments. First, your annual payments will increase by about 8% per year between now and age 70. You can… Read More
Comparing a Roth to an index fund is apples vs. oranges. A Roth IRA is a designation for an account with specific rules that allow for tax free earnings. You… Read More
A 401(k) is generally a self directed retirement plan. Your employer chooses a list of fund choices, but you determine which funds to use for your personal portfolio. This can… Read More
Mr. DeShurko is a registered representative of Ceros Financial Services, Inc, (Member FINRA/SIPC). Ceros is not affiliated with 401 Advisor, LLC or Fund Trader Pro. The views expressed are those of Mr. DeShurko and do not necessarily reflect those of Ceros Financial Services, Inc., its employees or affiliates.