We’re getting closer to the April 15 deadline for funding your IRAs or Roth IRAs for 2020 (that’s last year). Mari Adam talked to Kiplinger Personal Finance magazine to share insights about IRA limits and strategies. You can read the entire article here. The maximum amount you can contribute to your IRA for 2020 is $6,000 or […]
Tag Archives | Kiplinger Personal Finance
Which States Have The Lowest Taxes In Retirement?
Looking for the most tax-friendly state to settle in at retirement? Or seeking to compare two possible destinations to see which offers the lowest tax bill? You may be able to save hours of research by looking first at Kiplinger’s updated Retiree Tax Map. It analyzes each state’s income tax, property tax, and even sales […]
Quote Of The Week: COVID Creates Haves And Have-Nots
“In some ways it’s a tale of two cities. While a number of Americans have been able to pay down their credit card debt during the pandemic, some people are really struggling because they’ve been laid off or have had their hours cut.” Bruce McClary, spokesman for the National Foundation for Credit Counseling (NFCC), interviewed by Daniel […]
Quote Of The Week: What Low Interest Rates Mean For You
The Federal Reserve has pushed interest rates to new lows to fight COVID-19. How do these historically low rates affect your wallet? “Good news, bad news. Borrowers will benefit from the low-rate environment. The 30-year fixed mortgage rate is likely to remain below 4% for the foreseeable future. Auto, home-equity and other consumer loan rates will […]
Take A Retirement Test Drive
Getting ready for retirement? Some people prefer to make an abrupt transition into retirement. One day they’re working, the next day they’re done forever. Others like to ease into it and kick the tires first. We talked to financial writer Alina Tugend of Kiplinger’s Personal Finance about the pros and con of taking a retirement […]
Making Gifts To Charity? Here’s How To Maximize Those Tax Benefits
Making gifts to charity? Giving is good, but getting tax benefits when you give is even better. Due to changes in the tax law, it’s now harder for most people to get a tax deduction when they give to charity. But that’s no reason to stop giving. We’ve got the perfect solution – a Qualified […]
Quote Of The Week: The Problem With Commissions
Our clients know that we work on a fee-only basis. That means we do not accept commissions for recommending, buying or selling investments and we work only for you, our client. That independence allows us to always deliver to you our expert, objective and unbiased advice. Of course, not every investment professional can say that. […]
Quote Of The Week: Why You Should Start Investing Now
Dear Millennials: Here’s some good advice. The sooner you start investing the better. This is how Millennial Money writer Ryan Ermey describes the challenge: “The recent market peaks seem like the top of a cliff. But here’s the thing. Every second you wait to take the leap, you’re giving up one of your greatest assets […]
Quote Of The Week: How Stocks React To Global Crises
Worried about how your portfolio will react to growing global turmoil? Here’s some research that may put you at ease: “History shows that after an initial dip, share prices tend to bounce back smartly.” “Fears about global turmoil may be misplaced. Over the past several decades, geopolitical crises have seldom had a lasting impact on […]
Under My Umbrella
Rihanna’s not the only one to appreciate a good umbrella in bad weather. Many people should look into purchasing an umbrella insurance policy to keep their assets safe. It can provide a lot of protection for not a lot of money. We recently talked about this easy way to protect your assets with financial columnist […]
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About Mari Adam, CFP®
Mari Adam, Certified Financial Planner™ and President of Adam Financial Associates Inc, has been helping individuals and families chart their financial futures for twenty five years. Mari has appeared in publications such as Business Week, CBS MarketWatch, Wall Street Journal, Kiplinger’s, Newsweek, and Money Magazine.
