How To Make The Most of The Dow at 25,000

5 ways to capitalize on markets that are at all-time highs

Photo by Federico Respini on Unsplash

“Make hay when the sun shines.” That’s what the farmers say.

 

On Thursday, January 4, 2018 the Dow Jones Industrial Average (Dow) topped 25,000 for the first time.

That’s a lot of sunshine! And it’s obviously great news for investors and anyone who has been “long” in the market these past several years.

How high will markets go? What’s the best way to make hay before the sun sets on this amazing run in the stock market?

70-Year Old IRA Owners: Avoid This Expensive Mistake

Photo credit: Simon Wijers. Unsplash.

In 2017 the first baby-boomers turned 70. Happy birthday! However, if you had your 70th birthday between January 1 and June 30 of this year, the IRS says you must take your first IRA “required minimum distribution” (aka RMD) this year as well.

Well, OK. Technically, you really have until next year. More about that below.

5 Reasons Why You Should Contribute to Your Company’s Roth 401(k)

Since 2006 retirement savers have been able to contribute to Roth accounts via their retirement plans at work. Known better as the Roth 401(k), these unique retirement plans allow you to save after-tax dollars in an account that grows tax-free and allows for tax-free distributions during retirement.

Not every employer offers the Roth 401(k) as a feature available in their retirement plan, but when they do you should take advantage of the opportunity.

Here are 5 reasons why you should contribute to your company’s Roth 401(k).

Highlights From Ed Slott’s Spring 2017 Elite IRA Advisor Conference

Mike Branch is a member of Ed Slott's Master Elite IRA Advisor GroupI have been a member of the Ed Slott Elite IRA Group for nearly a decade. One of the benefits of membership is that twice a year I get to geek out on the latest rules and regulations regarding IRAs and retirement plans with over 400 financial advisors from around the country.

This is also one of the best opportunities in the industry to meet with other like-minded advisors to learn how to help our clients make the most of their retirement assets, and take a deep dive into the estate and financial planning strategies that benefit them most.

This spring’s conference in Kansas City, Missouri, did not disappoint. In the future I may do a more detailed blog post on one or more of the topics below. In the meantime, follow along as I share some of the highlights of the spring conference.

The One Key Decision Every Widow Must Make When They Inherit an IRA

lotte-meijer-142578

In my last post I wrote about inherited IRAs for non-spouse beneficiaries; for example, if you inherit an IRA from a parent or sibling. Most often, IRAs will pass from an IRA owner to their surviving spouse before they pass to a non-spouse beneficiary like their children.

The rules regarding spousal IRAs are different. When you inherit an IRA from your husband or wife there is one key decision you must make that could affect your ability to access funds in that IRA for years to come.