The 5-Year Roth IRA Rule

Money, Riches, and Wealth

The 5-Year Roth IRA Rule

Most people know that Roth individual retirement accounts (IRAs) have a “5-year rule,” that is, you must have owned your Roth IRA for at least 5 years and be over the age of 59.5 years to withdraw earnings tax-free during retirement; however, very few seem to truly understand the details surrounding this rule. It is…

Read More

A Voters Must Read to Tax History

There is an old saying that is worth remembering when it comes to income taxes: “Those who cannot learn from history are doomed to repeat it.” As increasingly more politicians demand that the rich pay their “fair share,” it would be wise for the less affluent to hold onto their wallets tightly. History teaches us…

Read More

Inertia: The Number 1 Enemy of Personal Finance

To an investor, the main obstacles to wise investing are greed and fear. How often do people buy stock simply because they think that they are going to make a significant amount of money? Greed can make the most rational of investors act foolishly. On the other side of the coin, panic often increases with market volatility.…

Read More