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Creating a Retirement Strategy

Creating a Retirement Strategy

by | Dec 23, 2019 | Retirement Planning

Most people just invest for the future. You have a chance to do more.  Across the country, people are saving for that “someday” called retirement. Someday, their careers will end. Someday, they may live off their savings or investments, plus Social Security. They know...
Can You Put Your IRA into a Trust?

Can You Put Your IRA into a Trust?

by | Dec 23, 2019 | IRAs, 401(k)s and Roth

What you should know about naming an IRA beneficiary. Can your IRA be put directly into a trust? In short, no. Individual retirement accounts (IRAs) cannot be put directly into a trust. What you can do, however, is name a trust as the beneficiary of your IRA. The...
New I.R.S. Contribution Limits

New I.R.S. Contribution Limits

by | Dec 23, 2019 | Taxes

Changes for 2020  The I.R.S. just increased the annual contribution limits on IRAs, 401(k)s, and other widely used retirement plan accounts for 2020. Here’s a quick look at the changes. Next year, you can put up to $6,000 in any type of IRA. The limit is $7,000 if you...