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How to Invest an Inherited IRA
Receiving an inheritance can cause a mix of emotions, and depending on the amount of assets, could have a significant impact on your lifestyle. While it may be tempting to withdraw the money, it’s important to step back and take the time to understand the financial implications of your decisions. In this article, we will […]
Should You Sell Your Company Stock?
Many people hold an oversized chunk of their portfolios in company stock. While it may be performing well, there is a large body of research that has shown that holding a diversified portfolio of stocks outperforms concentrated stock holdings. You may be unwittingly giving up potential returns that could be compounding over time – potentially […]
72T Distributions: How to Take Early Withdrawals from your IRA
In this article, we examine 72T distributions. It’s no secret that Uncle Sam wants you to save for retirement. With IRAs, Roth IRAs, and 401(k)s, you can defer or avoid a lot of tax by stashing away money early and letting it compound over time. The only catch is that you need to leave the […]
Should You Borrow from Your Retirement Plan?
Nearly 20% of 401(k) participants have an outstanding plan loan, according to the Employee Benefits Research Institute, despite the widespread advice to leave these funds untouched until retirement. While it’s certainly ideal to keep your nest egg vested until retirement, retirement plan loans aren’t necessarily a bad idea for those who require easy access to short-term […]
You Alone Are Accountable for Your Financial Situation
Since Snider Advisors opened its doors in September of 2002, we have operated on Six Guiding Principles. The first of those principles is that you alone are accountable for you own financial situation. Fundamental to Financial Success The principle of accountability is fundamental to financial success. The bottom line is that no one cares more about […]
The Number One Job of Your Portfolio
In our continuation of the discussion of Snider Advisors’ Guiding Principles, we will examine the principle that the number one job of your portfolio is to produce a paycheck. ERISA Changed Everything While many of us were still too young to know why we should care, the rules of retirement changed significantly. When Congress passed the […]
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