ARGI Insights

Traditional Vs. Roth IRA

April 7th, 2020

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 households.   Both are IRAs. And yet, each is quite different.   Know the limits. Up to Read more

Saving Early & Letting Time Work for You

April 2nd, 2020

As a young investor, you have a powerful ally on your side: time. When you start investing in your twenties or thirties for retirement, you can put it to work for you.      The effect of compounding is huge. Many people underestimate it, so it is worth illustrating. Let’s take a look using a hypothetical Read more

Should You Care What the Financial Markets Do Each Day?

March 31st, 2020

Investors are people, and people are often impatient. No one likes to wait in line or wait longer than they have to for something, especially today when so much is just a click or two away.   This impatience also manifests itself in the financial markets. When stocks slip, for example, some investors grow uneasy. Read more

Approaches to Business Valuation

March 11th, 2020

In the third quarter of 2019, more than 2,400 small businesses were sold. The median sale price was roughly $278,000, up 3.3% from 2018. As a business owner, ascertaining the value of your business is essential for a variety of reasons, including business succession, estate tax estimates, or qualifying for a loan. There are several Read more

A Roth IRA’s Many Benefits

March 9th, 2020

The IRA that changed the whole retirement savings perspective. Since the Roth IRA was introduced in 1998, its popularity has soared. It has become a fixture in many retirement planning strategies because it offers savers so many potential advantages. The key argument for going Roth can be summed up in a sentence: Paying taxes on Read more

taxes

Tax Considerations for Retirees

March 6th, 2020

The federal government offers some major tax breaks for older Americans. Some of these perks deserve more publicity than they receive.         At age 65, the Internal Revenue Service gives you a larger standard deduction. For 2020, standard deductions look like this for taxpayers 65 and older: single filer or married filing separately, $14,050; Read more

When a Windfall Comes Your Way

March 4th, 2020

Getting rich quick can be liberating, but it can also be frustrating. Sudden wealth can help you address retirement saving or college funding anxieties, and it may also allow you to live and work on your terms. On the other hand, you’ll pay more taxes, attract more attention, and maybe even contend with jealousy or Read more

Coronavirus and the Markets – Looking Ahead

March 2nd, 2020

Last week was a challenging week for equity investors. Global markets have experienced several days of sharp selloffs over the spread of the coronavirus. Anxieties over individual health and the impact on global economies has sent investors out of stocks and into safe haven assets such as government bonds. We continue to monitor the situation Read more

thinking man

Lesser Known Provisions of the SECURE Act

February 25th, 2020

The SECURE Act passed into law in late 2019 and changed several aspects of retirement investing. These modifications included modifying the ability to stretch an Individual Retirement Account (IRA) and changing the age when IRA holders must start taking requirement minimum distributions to 72-years-old. While those provisions grabbed the headlines, several other smaller parts of Read more

African American couple holding tablet

That First Distribution from Your IRA

February 21st, 2020

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). Generally, these distributions from traditional IRAs must begin once you reach age 72. The money distributed to you is taxed as ordinary income. Read more