It’s that wonderful time of year again, TAX TIME! Hopefully those of you who will be receiving a refund have a plan in mind for your money, if not, I recently heard some figures that will definitely make one stop and think. At last week’s bank meeting, one of our financial advisors told us about the ‘Rule [...]
A lot of people are worried about their required minimum distribution (RMD) taking them into another tax bracket, or pushing them to a point that they are going to have to itemize their taxes. Are you or someone you know in this situation: a parent or grandparent maybe? If you’re at least 70.5 years old, [...]
$$ After discussing Roth Individual Retirement Account’s (Bank Lingo Roth IRA’s) with an investment professional today, I realized I could have been a millionaire! Don’t get me wrong, I’ll take the $839,343 I will probably make off of the IRA I began at age 25. However, had I started putting three-thousand a year in at [...]
