The team here at Woodside Wealth consists of avid readers with a particular interest in all things finance. When we see a good article, book, blog, or podcast we want to bring it to your attention. The following are some of our favorites – if they spark an idea or question please feel free to contact us.
I was recently interviewed by Ann Carrns from the New York Times about the importance of teenagers setting up Roth IRAs as soon as they have any earned income. In the article I noted that many people think there is a minimum age requirement for opening a Roth and that is not the case.
The American workforce is generally behind in planning for retirement. According to the Employee Benefit Research Institute and Wells Fargo, only 33% of all workers have calculated their income and expenses for the retirement years.
Considering an additional $500 per year can become $47,000 in the long run, you may be excited about the new maximum contribution opportunity for 401Ks and IRAs.
The long wait to take distributions from your retirement plan(s) may end sooner than you think.
If you’ve neglected your retirement savings while raising your child(ren) you are not alone. Many parents push off or drastically reduce retirement savings in order to save for their child’s future or cover the extra expenses a child always brings.