Jeremiah Butout with Alpha Rising Wealth Management

Traditional IRAs A traditional individual retirement account (IRA) is a personal savings plan that offers certain tax benefits to encourage retirement savings. Contributions to traditional IRAs are either tax deductible (the money goes into the IRA pre-tax) or nondeductible (you pay income tax on the money that goes...

Required Minimum Distributions Required minimum distributions, often referred to as RMDs or minimum required distributions, are amounts that the federal government requires you to withdraw annually from traditional IRAs and work-based retirement plans after you reach age 73 (75 for those who reach age 73 after December 31, 2032;....

New Comparability Plan A new comparability plan is a qualified profit-sharingplan that can have more substantial contributions for favored employees(usually higher-paid workers and key employees). With this type of plan,contributions are not allocated strictly as a percentage of compensation.Instead, by dividing up plan p...

Defined Benefit Plan If you'd like a retirement plan that guarantees a specified benefit level at retirement regardless of investment results, you may want to consider a defined benefit pension plan. A defined benefit plan is a qualified employer-sponsored retirement plan that is funded solely by the employer (in most c...

What Are the Tax Implications of a Spouse's Death? Understanding how your spouse's death impacts your taxes can be helpful in managing tax liability.

Here Is the Coming Path of Growing Inflation There are more comments from heavyweight finance and economics participants who are concerned about the potential for interest rate hikes.

IRAs An individual retirement account (IRA) is a personal savings plan that offers specific tax incentives to encourage you to save for retirement. Currently, there are two types of retirement IRAs. Traditional IRAs allow for tax-deductible contributions under certain conditions. Roth IRAs are funded wit...

The Great Wealth Transfer Includes $570 Billion in Classic Cars For Gen Xers and millennials, inheriting a loved one's car often means weighing nostalgia against practicality.

A chief strategist thinks history points to a decadeslong bear market in stocks beginning in 2030 After about two decades of a secular bull market, stocks could see their fortunes reverse in 2030. Sanctuary's Mary Ann Bartels sees the potential for 20 years of flat stock returns. Fears of a "lost decade" have picked up as some see signs of an aging bull market.

Many Retirees Find That Medicare Falls Short Medicare doesn't go as far as expected in covering retirement healthcare costs. Some strategy can help you build a more realistic budget.