Blog Archives

What is an Annuity and How Does It Work?

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 Click on the image above to watch this Savvy Minute video. What is an Annuity Annuities have been around for a long time, but for most investors, they do not know what an annuity is. So, let’s start with

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Understanding the Mega Backdoor Roth IRA

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Click on the image above to view this Savvy Minute video. What is a Mega Backdoor Roth Conversion? What exactly is a Mega backdoor Roth IRA? It requires that your employer 401k allows after tax contributions. A Mega Backdoor Roth

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Back Door Roth Conversion

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Click on the image above to view this Savvy Minute video. What is a Back Door Roth IRA? A backdoor Roth IRA is a conversion of Traditional IRA assets to a Roth IRA. This is a great way for high

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What is the Best Age to Start Collecting Social Security

Best Time to File for Social Security

Today’s tip will cover “What is the best age to start collecting social security”

The decision you make about what age you start collecting social security benefits is an important decision that will impact you for many years.

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Passive Income Ideas for Retirement

9 was to create passive income for retirement

There are several ways that you can make passive income for retirement.  Typically, passive income is earnings derived with little of no effort on the part of the person receiving it. However, there can be upfront time and or money

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Financial Planning: What are 401k Catch Up Contributions?

401k Catch Up Contributions

“What are 401k Catch Up Contributions?” Contributions to a traditional 401k are limited to $18,500 in 2018. If you are over age 50, then you may be eligible to set aside up to $24,500 in 2018. That’s an additional $6000

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What is a Simple IRA?

What is a Simple IRA

“What is a SIMPLE IRA?” This is Catherine Magana with your Savvy Minute.  Today I will give you another easy way tip for you to get Savvy about your finances. Today’s tip will cover “What is a SIMPLE IRA?” A

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What is a Roth IRA

Today’s Financial Planning tip will cover “What is a Roth IRA?” A Roth IRA, is an Individual Retirement Account used by individuals to save for retirement with after tax income that grows tax free and distributions are tax free.  However,

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