With the world of financial technology (FinTech) ever changing, the landscape for how someone keeps a budget has never been more robust. In fact, some say it can be done in the palm of your hand... While some choose to stick with the traditional, manual method of tracking income and expenses — Yes, I’m talking about you, Excel — the vast number of mobile apps available make budgeting more accessible and automated than ever.
It may not have manifested itself as we would have liked, but believe it or not, spring has been upon us since the end of March. With spring, our minds always look toward the Masters, taxes, and spring cleaning. With the first two now in the rearview mirror, we finally have a chance to concentrate on the third. Time to clean out all of those files we have been hanging on to for far too long.
By Dan Lear
by Kyle Berg
Imagine this. You’ve worked hard to save every penny you could so that you can finally call it quits and not have to work another day in your life. Your retirement savings have well exceeded the United States household average of $17,000. Now, you are six months into your 70s and Uncle Sam wants a cut of what you have worked so hard to save. So, you have to take a required minimum distribution, or RMD for short. Failing to do so will cost you 50% of the distribution, which is something you want to avoid at all costs.
The following article is provided by Ed Slott and Company. Affiance is granted access to this content as part of Financial Planner Seth Meisler’s membership in Ed Slott’s Elite IRA Advisor Group — an exclusive group for financial advisors dedicated to being leaders in the IRA industry.
Starting a new year is often the perfect catalyst for revitalizing your ambition to tackle those tasks which you otherwise just can’t seem to get started on. If you’re feeling nagged by student loan or credit card debt, this article may help you develop a plan that will set you on the path toward a worry free relationship with debt.