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IRA Withdrawals That Escape The 10% Tax Penalty
IRA Withdrawals That Escape The 10% Tax Penalty The reason withdrawals from a Traditional Individual Retirement Account (IRA) prior to age 59½ are generally subject to a 10% tax penalty is that policymakers wanted to create a disincentive to use these savings for...
June 10, 2024
Weekly Market Insights: Stocks Solid Week Despite Mixed Reports Presented by Crossroads Financial Advisors Stocks rose last week despite conflicting stories from economic reports. The Dow Jones Industrial Average inched up 0.29 percent while the Standard & Poor’s...
Traditional vs. Roth IRA
Traditional vs. Roth IRA Traditional Individual Retirement Accounts (IRAs), which were created in 1974, are owned by roughly 41 million U.S. households. And Roth IRAs, created as part of the Taxpayer Relief Act in 1997, are owned by nearly 32 million households.1 Both...
June 3, 2024
Weekly Market Insights: Stocks Sag On Downbeat Economic Indicators Presented by Crossroads Financial Advisors Stocks edged lower in the final week of May as fresh news on economic growth and inflation failed to inspire investors. Stocks Slide Markets shrugged off news...
Grantor Retained Annuity Trusts (GRATs)
Grantor Retained Annuity Trusts (GRATs) Suppose your financial objectives include income and leaving a legacy for your heirs. In that case, it's essential to work with a financial professional familiar with your many options, including older tools. You don't need to...
May 27, 2024
Weekly Market Insights: AI Rules Big Week For Tech Stocks Presented by Crossroads Financial Advisors Last week's stock performance was mixed, following investors' reaction to the Fed's May meeting minutes, while a handful of mega-cap tech companies created a buzz with...
Choices For Your 401(K) At A Former Employer
Choices for Your 401(k) at a Former Employer One of the common threads of a mobile workforce is that many individuals who leave their job are faced with a decision about what to do with their 401(k) account.¹ Individuals have four choices with the 401(k) account they...
May 20, 2024
Weekly Market Insights: Investors Anticipate Fed Rate Change Presented by Crossroads Financial Advisors Stocks notched a solid gain last week in a mega-cap, tech-led rally bolstered by positive inflation news. Dow 40,000 The week began quietly as market averages...
Choosing A Retirement Plan That Fits Your Business
Choosing A Retirement Plan That Fits Your Business To choose a plan, it’s important to ask yourself four key questions. If you have yet to develop a retirement plan for your business, or if you're not sure the plan you've chosen is the right one, here are some things...
May 13, 2024
Weekly Market Insights: Stocks Rise, Anticipating Rate Cut Presented by Crossroads Financial Advisors Stocks notched a solid gain last week as rate-cut expectations paced the rally as the Q1 earnings season wound down. Stocks Climb Steadily Monday opened with stocks...
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