by Savvysite | Oct 21, 2019 | Financial Planning, Retirement Planning, The Savvy Minute
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 income earners to put money away if you do not qualify for Roth IRA income...
by Savvysite | Apr 9, 2019 | Retirement Planning, SWWM, The Savvy Minute
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. Understanding the impact of taking your...
by Savvysite | Dec 18, 2018 | Investing, Retirement Planning, SWWM, The Savvy Minute
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 commitments before you start...
by Savvysite | May 21, 2018 | Financial Planning, Retirement Planning, SWWM
“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 of salary deferral just for being over 50. A...
by Savvysite | Apr 24, 2018 | Retirement Planning, The Savvy Minute
“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 SIMPLE IRA, is a Savings Incentive Match Plan for Employees...
by Savvysite | Mar 9, 2018 | Retirement Planning, SWWM, The Savvy Minute
Today’s tip will cover “What is a SEP IRA?” A SEP IRA, is a Simplified Employee Pension Individual Retirement Account used by business owners to provide a simplified method to contribute to their employees’ retirement and their own retirement savings. A SEP does not...
