An ‘Exception’ to Using ‘Retirement’ Money for Education
Only able to save a limited amount for education and retirement? We discuss why you might want to consider a Roth IRA in today’s Marietta Daily Journal. Read the Article
Business Owners: Compensating Yourself
As a business owner, compensating yourself can be complicated as the IRS is very interested in what you do! Learn more in this week’s Business Tip.
Back-Door Roth IRAs
Sure, Roth IRA conversions sound like a great idea, but you have to carefully consider the tax consequences first. Read all about it in this week’s Tax Tip.
Common Financial Wisdom: Theory vs. Practice
“Good, in theory…” Financial guidelines can be difficult to put into practice. We offer some insight on how to do so in this week’s Financial Tip.
An “Exception” to Using “Retirement” Money for Education
Our experts also delve into a case study about an investor who can take advantage of a Roth IRA conversion to diversify the tax status of his retirement assets, but it would mean saving less to his children’s 529 Plans. Managing Associate K.C. Smith, CFP® discusses the pros and cons behind using Roth IRA funds as a dual retirement/college savings.
Market Roundup: Despite Mid-Week Gains, Markets End Week Down
The markets started the week with upward movements with Financial stocks rebounding to lead the S&P 500 Index higher. Stocks stepped up on words from the Federal Reserve. Speaking before the World Affairs Council of Philadelphia, Fed Chairwoman Janet Yellen said the central bank may boost interest rates further before the economy reaches its growth targets and cautioned against relying on the disappointing data of a single jobs report. On Tuesday, the markets traded with mixed moves, as the Dow Jones Industrial Average and S&P 500 closed with slight gains, while the NASDAQ shed some points. Momentum faded somewhat in the afternoon. Texas Intermediate crude increased 1.4 percent to settle at $50.36 a barrel, resulting in an increase in several Energy sector stocks. Federal Reserve figures showed consumer credit increased $13.4 billion in April, versus average economist estimates of $18 billion. Indices returned to green territory on Wednesday, with the S&P 500 closing near an all-time high. Raw-materials and Industrial stocks led the upswing; however, Energy stocks took a breather despite a ramp up in crude oil. Despite rebounding from session lows, the markets landed slightly down on Thursday. Labor Department data showed new claims fell in the last week by 4,000 to 264,000. Indices continued trading in the red zone on Friday. In a preliminary measure, the University of Michigan Consumer Sentiment index dipped by 0.4 point to 94.3 in June versus estimates for a reading of 94 and shy of May’s final reading of 94.7. Elsewhere, West Texas Intermediate crude slipped three percent to close the week at $49.07 a barrel.
Cash Versus Credit for Millennials
In today’s Marietta Daily Journal, Bil Lako CFP® explains why building a credit history is important for Millennials. Read the Article
Funding a Business
What are your options for business funding? Surprisingly, there are more options than just a bank loan. We explain in this week’s Business Tip.
Group Term Life Insurance
Group term life insurance may be a benefit your employer offers. Learn some of the basics of this benefit in this week’s Insurance Tip.
Time-Share Use as a Charitable Contribution
If you donate use of your time-share property to a charity, your allowable tax deduction may be less than you think. Read all about it in this week’s Tax Tip.