May 9, 2023 | Financial Planning, Investments, Retirement Planning
A pension is a retirement-savings plan, typically employer-funded, that gives you regular payments in retirement. A 401(k) is a workplace retirement plan that gives employees a tax break when they contribute. For some people, a pension is a route to retirement, but...
May 2, 2023 | Financial Planning, Retirement Planning
unless they’re inherited. Here’s what you need to know KEY POINTS Roth individual retirement accounts don’t have required minimum distributions during the original owner’s lifetime. Those rules change for the owner’s heirs. Heirs must generally empty the account...
Apr 28, 2023 | Financial Planning
https://jamesriveradvisors.com/wp-content/uploads/2023/04/Meet-our-JRA-Team.mp4 Securities offered through Registered Representatives of Cambridge Investment Research, Inc., a broker-dealer, member FINRA/SIPC. Advisory services through Cambridge Investment Research...
Apr 25, 2023 | Uncategorized
Key points A traditional 401(k) has pretax contributions and withdrawals that are taxed as ordinary income. A Roth 401(k) has after-tax contributions and tax-free withdrawals during retirement. 401(k) withdrawals before age 59½ may be subject to early withdrawal...
Apr 21, 2023 | Financial Planning
Investing your money can be a rewarding yet tricky endeavor. Some people opt to manage their investments on their own, but there are significant benefits to seeking the guidance of a professional financial advisor. A financial advisor has the experience and knowledge...
