by Briggs Financial Group | Jan 20, 2021 | Unordered Posts
Do you know the difference? Traditional Individual Retirement Accounts (IRA), which were created in 1974, are owned by roughly 33.2 million U.S. households. Roth IRAs, however, were created as part of the Taxpayer Relief Act in 1997, are owned by nearly 22.5 million...
by Briggs Financial Group | Jan 20, 2021 | Unordered Posts
A look at these securities, in light of the Federal Reserve’s new outlook. This summer, the Federal Reserve made a key policy shift. It announced that it would focus on promoting job creation and tolerate a little more inflation along the way for the near future. Fed...
by Briggs Financial Group | Jan 20, 2021 | Unordered Posts
What you need to know. When you are in your seventies, Internal Revenue Service rules say that you must start making withdrawals from your traditional IRA(s). In I.R.S. terminology, these withdrawals are called Required Minimum Distributions (RMDs).1 Generally, these...
by Briggs Financial Group | Jan 20, 2021 | Unordered Posts
A useful year-end move to counteract capital gains. Even though this may end up being a subpar year for stocks, you may realize capital gains, which is a taxable event. What can you do about them? You can do what some investors do – you could recognize investments...
by Briggs Financial Group | Jan 20, 2021 | Unordered Posts
If you make too much money to open a Roth IRA, you could create one this way. You can sum up the appeal of a Roth IRA in three words: federal tax benefit. Potential earnings in a Roth IRA grow tax free as long as the owner abides by the Internal Revenue Service...
