You Can Save More to Your IRA in 2019
Do you save for retirement? Here’s some good news! In 2019, you can contribute more than ever into your IRA. Traditional IRA contributions increased by $500, now totaling $6,000 for anyone under 50. If you are turning 50 or older this year, you can contribute up to $7,000 to your IRA. 1. IRS Increases IRA Read more ➝
11 Retirement Planning Strategies to Jumpstart 2019
1. Up Your Retirement Contributions The start of a new year is the perfect time to set new goals and save more. In 2019, you can contribute more than ever into your retirement accounts. Total contributions increased by $500, now totaling $19,000. If you are expecting a raise, bonus, or are able to sock away Read more ➝
75 Retirement Tips from Petr Burunov
Ambassador Wealth representatives speak with our clients about their investment goals and retirement planning objectives on a daily basis. Each of our clients has a unique story and a diverse lifestyle—some are experts in their field, business owners, corporate executives, and entrepreneurs. Despite their individuality, they seek out our help for the same common need—to Read more ➝
10 Things You Need to Know About the Required Beginning Date (RBDs) for IRAs
If you have an IRA, you’ve probably heard the term “required beginning date” or “RBD” many times. Everyone who owns an individual retirement account should know and fully understand this date. It’s also important for all listed beneficiaries of an IRA to know this term. Walking my clients through this process helped me to narrow Read more ➝
Retirement Planning: Roth IRAs vs. Traditional IRAs
When you start thinking about retirement, it’s important to carefully consider the type of IRA you choose to open. Your risk tolerance, income, and investment goals can all help to determine if a Traditional IRA, Roth or even a Self-Directed IRA is the best fit for you. We encourage everyone to speak with a fiduciary Read more ➝
Should You Pay off Your Mortgage? A Difficult Decision.
In most cases, it would be optimal to pay off your mortgage before retirement. However, we do not live in a perfect world. Not everyone can afford to pay off this massive amount of debt. According to Fannie Mae, only 1 in 2 homeowners entering their retirement years will pay off their mortgage—within the near Read more ➝