Archive for December, 2019:

New law limits the options with inherited IRA’s

Written on December 19th, 2019 by Jamesno shouts

Despite this headline, this affects everyone, not just the wealthy.  If you inherit Mom or Dad’s IRA, you now have to completely liquidate within 10 years.  Before you could stretch it out over a much long period based on your lifespan.

https://www.cnbc.com/2019/12/17/lawmakers-may-kill-this-popular-retirement-tax-break-for-the-wealthy.html

Filed under Investing, Personal Finance Tags:

Fee-Only vs. Fee-Based

Written on December 18th, 2019 by Jamesno shouts

As a consumer you need to understand how your financial professional is compensated:

https://blogs.wsj.com/moneybeat/2013/09/20/decoding-fee-only-sometimes-it-isnt-what-you-think/

Filed under Miser Tip, Personal Finance Tags: