Since 2020 members of the Ruedi Wealth team have been writing weekly investing and retirement planning columns for our local newspaper, The News-Gazette.
A 529 College Savings Plan is a special type of savings account that allows investments to grow tax-free and withdrawals to be made tax-free for qualified college or trade school expenses.
A large tax-deferred investment account is a great asset to have when planning your retirement. But it does come with a catch: you have to pay taxes when you pull the money out.
Though they have been around for over 20 years, equal weight index funds have gained extra attention this year. That is likely because S&P 500 equal-weight index funds have outperformed the standard S&P 500 index.
Inflation is something we know will occur during a typical retirement, we just don’t know when or how much. A retirement spending plan that can handle many different types of inflationary environments is essential to retirees.
With a traditional 401(k) you lower your taxable income and save on taxes now; with a Roth 401(k) you pay taxes now and withdraw tax-free in the future. So naturally, the option that will provide you the most benefit depends on whether your tax rate is higher now, or in the future.
You’re retired. Your checking account is getting low and you need to refill it by withdrawing from your investment portfolio. You must ask yourself…