Date: May 2020

3 posts in May 2020

Mid-Year Is a Good Time to Fine-Tune Your Finances

May 27, 2020
Senior couple looking at finances

The first part of 2020 was rocky, but there should be better days ahead. Taking a close look at your finances may give you the foundation you need to begin moving forward. Mid-year is an ideal time to do so, because the planning opportunities are potentially greater than if you waited until the end of…

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Four Questions on the Roth Five-Year Rule

May 27, 2020
Tax Free Roth Distributions

The Roth “five-year rule” typically refers to when you can take tax-free distributions of earnings from your Roth IRA, Roth 401(k), or other work-based Roth account. The rule states that you must wait five years after making your first contribution, and the distribution must take place after age 59½, when you become disabled, or when…

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Investor Psychology: Behavioral Biases That Can Lead to Costly Mistakes

May 27, 2020
retired couple hugging

The field of behavioral finance focuses on the emotional and cognitive aspects of investing. In recent decades, well-known economists have advanced the theory that investors’ decisions can be driven by human emotions such as greed and fear, which helps explain why asset prices sometimes fluctuate erratically.1 It can be difficult to act rationally when your…

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