During your working years, contributing to tax-deferred retirement accounts (401(k), 403(b), traditional IRA, SEP IRA, SIMPLE IRA) provided the benefit of not paying income taxes. This allowed for more of your money to grow through compounding. But you cannot indefinitely defer paying taxes, which is where required minimum distributions (RMDs) come into ... Read more. The post How can I reduce my taxes when taking required minimum distributions? appeared first on Grand Life Financial.| Grand Life Financial
If it's within the next three years, probably not. The stock market is generally better when you can keep your money invested for at least five years. But you can certainly use short-term vehicles like high yield savings accounts, certificates of deposit, U.S. Treasury bills, and money market accounts that are interest-bearing with extremely ... Read more. The post Should I invest my money in the stock market now or wait? appeared first on Grand Life Financial.| Grand Life Financial
Feeling stuck financially? Discover how to break free from guilt and fear and improve your financial decision-making.| Grand Life Financial
Gain confidence in your finances. Find out what to consider when asking yourself, am I financially ok, and improve your situation.| Grand Life Financial
A comprehensive financial plan can help when making big decisions that will impact your finances. When can I retire? Should I use a windfall to pay off my mortgage early? How much do I need to save to retire so I can maintain my lifestyle? Developing a financial plan can help you evaluate each of your| Grand Life Financial