by lportee53 | Jun 12, 2024 | Taxation
IRA Withdrawals That Escape The 10% Tax Penalty The reason withdrawals from a Traditional Individual Retirement Account (IRA) prior to age 59½ are generally subject to a 10% tax penalty is that policymakers wanted to create a disincentive to use these savings for...
by lportee53 | Jun 10, 2024 | Weekly Insight
Weekly Market Insights: Stocks Solid Week Despite Mixed Reports Presented by Crossroads Financial Advisors Stocks rose last week despite conflicting stories from economic reports. The Dow Jones Industrial Average inched up 0.29 percent while the Standard & Poor’s...
by lportee53 | Jun 5, 2024 | Retirement
Traditional vs. Roth IRA Traditional Individual Retirement Accounts (IRAs), which were created in 1974, are owned by roughly 41 million U.S. households. And Roth IRAs, created as part of the Taxpayer Relief Act in 1997, are owned by nearly 32 million households.1 Both...
by lportee53 | Jun 3, 2024 | Weekly Insight
Weekly Market Insights: Stocks Sag On Downbeat Economic Indicators Presented by Crossroads Financial Advisors Stocks edged lower in the final week of May as fresh news on economic growth and inflation failed to inspire investors. Stocks Slide Markets shrugged off news...
by lportee53 | May 29, 2024 | Estate Planning
Grantor Retained Annuity Trusts (GRATs) Suppose your financial objectives include income and leaving a legacy for your heirs. In that case, it’s essential to work with a financial professional familiar with your many options, including older tools. You...
