Year: 2017

Reader Question:  Our daughter who turned 19 in January will start her sophomore year of college in August. Last year we used $5,000 from HER mutual fund and were hit with a $1,000 tax bill. We want to avoid that this year, can you give us advice on the best way to pay college expenses […]

When most people think of their IRA account, they think of it as part of a nest egg for their retirement but they don’t give a lot of thought regarding strategies for maximizing the effectiveness of their IRA. For example, many retirees postpone tapping their IRA until they are required to do so at age […]

Last week, I began this two-part series with three smart strategies for your IRA.  To review those strategies, visit the Resource Center at www.WelchGroup.com and click on ‘Stewart’s Commentary’. Strategy #4: Split out multiple beneficiaries.  Typically, a parent will name multiple beneficiaries such as children and grandchildren.  Left unchanged, each of the beneficiaries must use […]

There are many reasons in the course of our lives that we might consider doing a retirement account rollover.  And while we tend to think this is a routine matter, if done incorrectly, there can be huge negative financial implications. There are two ways to rollover a retirement account: Direct rollover. Whether it’s a 401k, […]