Investing your Required Minimum Distributions in a Fixed Income Portfolio
The "Money Talks" hosts discuss what to do with a required Minimum Distribution from both a financial planning and investment perspective.
401(k) Plan Vendors and Service Fee Disclosures
401(k) plans have been notorious for hiding fees and sometimes charging excessive fees for services that are not received. This rule places more requirements and responsibilities on plan service providers.
Windfall Elimination Provision
If you will receive a pension in retirement, you may not be aware that your Social Security benefit may be reduced as a result.
Inherited IRAs
Jennifer Thomas, CFP® answers a listener’s question on what to do with an inherited IRA.
Considering Delaying Retirement? A Financial Plan May Help You Decide
Bil Lako, CFP® and Dr. Gene Henssler discuss why some seniors have considered delaying retirement.
Retirement Numbers Are Just Numbers—Not a Financial Plan for Retirement
Dr. Gene and Bil Lako, CFP®, discuss retirement numbers and how the Ten Year Rule is applied to a retirement account.
Convincing 20-Year-Olds to Make Roth IRA Contributions
The "Money Talks" hosts explain how if a 25-year-old investor were to forgo making a $5,000 IRA contribution, the cost of that decision in the long run could be $140,512.
When to take Social Security?
Financial Planners Bil Lako, CFP® and Wes Hackney, CFP® discuss when to collect Social Security benefits.
Social Security: Your Earnings and Benefit Estimate Statement
About three months before your birthday, taxpayers should receive their "Earnings and Benefits Estimate Statement" from the Social Security Administration. This annual report will give you an idea of how much you may receive in Social Security when you retire. For a description of the information you will find on this statement, read this Financial Strategy.
Converting to a Roth IRA
Bil Lako, CFP® and Dr. Gene discuss some of the major considerations for converting a Traditional IRA to a Roth.