Pulling money out of your accounts does not feel natural because you spent all your time putting that money in there. Another reason people do not pull money out of their accounts is that they don't need it! Lastly, there's a fear of running out of...

Your trust is still valid if you move to another state. The trust can travel from state to state. When you create a trust in Indiana, it is considered an Indiana trust even after moving to Arizona. If you own property in multiple states, you will go...

You should not maintain your student loans to build credit. If you have $40,000 of student debt, then you’ve already started to build credit. After making some payments, that will help build credit. If you haven’t made any payments yet, then start...

Most snowbirds come from Canada. Michigan, New York, and Ohio make up the next three states of snowbirds. These snowbirds will choose either Florida or Arizona for the winter. Also, Nevada and Texas are other big snowbird states. Snowbirds tend to be...

For individuals, there is a $600 stimulus payment for each individual and each qualifying child. It starts phasing out at $75,000 for individuals and $150,000 for couples. Most people who got the first stimulus payment should have already received the...

Empty nesting is not all that it is cracked up to be. When the kids are finally gone, and you have some extra money, what should you do? The last thing you want to have happen is that your standard of living dramatically rises. You’ve been saving...

What is a safe amount of money we can withdraw from our portfolio? If you are in your early sixties, you are looking at 3.2% that you can pull out with reasonable certainty that you will be okay. However, this is assuming that you have a financial...

After the loss of a spouse, don’t do anything for the next ninety days to six months because you will act emotionally. However, that’s limited advice. There are two different people that can inherit a Roth IRA: a spouse or a non-spouse. If a...

If you have earned income and it’s not too high, you can put in $7,000 as a contribution. You will pay taxes on this money. However, you will not pay taxes on the growth of this money. You will always have access to your contribution once you’ve...

You can capture a loss by selling your shares in one company and buying shares in another similar company. It keeps us from being trapped. Keep in mind though, when we talk about a capital loss, it never deals with an IRA or a 401(k). There are rules...