The world of inherited Individual Retirement Accounts (IRAs) is undergoing a sea-change. These transformations won’t be fully rolled out until 2025. These changes, a result of the SECURE Act, create new challenges that beneficiaries need to navigate to make the most of their financial plans. Financial advisors are keenly aware...
Inherited IRAs Rules Simplified The rules governing Inherited Individual Retirement Accounts (IRAs) have become more confounding than ever. As we approach 2025, a major shift in account ownership is right around the corner. This change would set a costly tax trap for many everyday Americans, punishing them for saving and...
Alright, enough about retirements. It’s a subject that’s easy to get excited and intimidated by, isn’t it? We all fantasize about those golden days. The road to actually achieving that sometimes seems like a treacherous landscape of due dates and bureaucratic jargon. I do wholeheartedly agree with the need for...
Lawmakers want to cap the federal deduction for state and local taxes (SALT). Specifically, they’re looking at potential preventive and therapeutic changes to the currently arbitrary cap. The Tax Cuts and Jobs Act (TCJA) of 2017 set the current SALT cap. Now households can deduct no more than $10,000 in...
Steering your ship through the taxing waters of retirement planning means that you might find yourself considering the benefits and drawbacks of many different investment vehicles. At the heart of this debate is the pre-tax Individual Retirement Account (IRA). Experts caution against falling for the short-term tax savings allure—this is...
Retirees who will turn 73 this year have an important deadline coming up to avoid a costly tax penalty. The first required minimum distribution (RMD) year must be taken by April 1 of the year after they turn 73. Failing to meet this deadline could result in a costly 25%...
We hear about it constantly. Famed for it being a leading indicator of economic prosperity, a weather vane on the roof of our national wallet. But is it really the gold standard, best measure ever, metrics by which all other metrics should be judged? As a journalist who has spent...
OverTraders.com just published a great in-depth Ethereum PoS vs Other Major Crypto PoS Models article. This side-by-side rundown helps shed light on the merits and demerits of each in different situations, providing critical information for traders and investors alike. Understanding Bitcoin and Ethereum To understand the nuances between different consensus...
Summary This piece dives deep into the startling effects of economic uncertainty on both mental health and consumer activity. This animated short dives into the psychological impact of recessions. Together, low consumer confidence and a fear of living in isolation can further increase stress, anxiety, and depression. By examining various...
Ever been sold your insurance policy as not just a safety net but a wise financial move, too? It’s a dangerous proposal, I recognize. Imagine the opportunity of having the benefit of protection along with the potential for financial growth. You’ll have a chance to hear directly about what’s new...
At the same time, the United States has increased its reliance on sanctions as a tool of foreign policy. Now, it focuses on individuals, countries and entities across the globe. These measures are put in place by the Office of Foreign Assets Control (OFAC). Their purpose is to shape behavior...
Artificial intelligence has gone from an imagined technological fantasy to an integral part of our everyday lives. From super-personalized recommendations on our separate site OverTraders.com to the algorithms that are reshaping our financial markets, AI’s influence can’t be overstated. This rapid integration comes with a chilling undercurrent: the potential for...
Obesity is the biggest threat to public health in the world, impacting nearly 650 million people worldwide. Yet it doesn’t stop there — the burden of transportation inequities weighs heavily on mental and emotional health. Real people are dealing with unfortunate obstacles while attempting to lose weight. As a result,...
The quick fix is perhaps the most potent temptation of all, particularly in the realm of weight loss. We know we’re all living in a world bombarded with images of unrealistic bodies. After all, the allure of losing weight with no effort — just a prescription — is difficult to...