Every Journey Requires a Plan
On today’s episode of Talking Real Money, Tom and Don talk about the importance of having a retirement plan. Retiring is a journey that you need to plan for, because not planning can lead to all kinds of mistakes. They also answer questions and give advice on setting up IRAs for your grandchildren, whether you can have too much money in your regular IRA, and whether you can avoid paying capital gains. We also discuss when contributions to SEP-IRA are still allowed and understanding when to pay off debt versus saving for retirement.
The importance of having a retirement plan.
Grandparents: Leaving a legacy and setting up IRA’s for your grandchildren.
Whether there is too much money in your regular IRA, and what the tax implications are.
Under what circumstances you can avoid paying capital gains.
SEP IRA: When you can still contribute?
Understanding when it’s better to pay off debt versus saving for retirement.
Vestory — https://vestory.com/
Retiremeet 2020 — http://www.retiremeet.com/
Retiremeet 2020 — Use the code FLASH
Vanguard — https://investor.vanguard.com/corporate-portal/
Vanguard VTWAX —https://investor.vanguard.com/mutual-funds/profile/vtwax
SEP IRA (Vangard) — https://investor.vanguard.com/small-business-retirement-plans/sep-ira
SEP Plan FAQ — https://www.irs.gov/retirement-plans/retirement-plans-faqs-regarding-seps