Kinds of IRAs and Prohibited Transactions You can open different kinds of IRAs with a variety of organizations. You can open an IRA at a bank or other financial institution or with a mutual fund or life insurance company. You can also open an IRA through your stockbroker. Any IRA must meet Internal Revenue Code requirements, which are listed below …
The Imperfect Income Solution
Recently I attended a conference that had some amazing statistics when it comes to generating income. In 1980 to generate $100,000 a year in interest income utilizing shorting term bonds you needed a total of $763, 395. In 2016 to generate $100,000 a year in interest income in short term bonds, you need a total of $13,888,901. You need over …
THE DEVIL IS IN THE DETAILS
An ex-wife as a primary beneficiary. Lapsed stock options. No medical power of attorney. What is in common with these items? They are all avoidable. Having been involved in financial services for the past 20 years, I have seen a lot things go wrong. A lot of these issues could have been avoided with proper planning and review. But we …
5 Mistakes to Avoid After Getting Laid Off.
Our office is located in Chandler, AZ. Chandler is home to numerous Technology companies such as Intel, NXP, and Microchip. Recently several of these companies have gone through company-wide reductions in their workforce. It can be a shocking situation. After 20 years you are out of a job and you just received a package from your former employer with an …