Weekly Notables

from the Desk of Brian Bickett, CFP®

for the Week of December 11, 2019

Ode to the ROTH…

This week’s notable investing article covers the many ways a ROTH IRA can be utilized outside of just retirement investing.

The article covers a quick primer on ROTH rules including contribution limits, tax-free growth and earnings once your 59 1/2 or older, no Required Minimum Distributions, and the ability to withdraw ROTH IRA contributions at any time with zero penalty.  

Not always commonly known benefits include strategic ROTH conversions, additional emergency fund, source of cash flow that doesn’t impact taxes or health care premiums, and an ad-hoc Donor Advised Fund.  

Enjoy the ride of YOUR life!

— Brian

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Brian can help you develop a roadmap to get you from where you are to where you want to go — and then put it in action, making your money work for you to avoid behavioral mistakes.

ROTH Strategy We Wish We’d Built

(Tanja Hester, MarketWatch) – This week’s investment article details the many virtues of the ROTH IRA from the perspective of hindsight.  The author is now retired (an early retiree but don’t let that deter you from reading the article) and covers the many different ways ROTH IRA’s can be used – not only as a retirement investment vehicle.

One of the Biggest Mistakes Parents Make

(Esther Wojcicki, CNBC) – This week’s personal success article covers advice from the mother of, by all earthly measures, three very successful daughters concerning the fundamental value of kindness and the importance of showing, not just telling.  She observes that we are happiest when doing things to help others and reports that teenagers who perform volunteer work are significantly less likely to engage in illegal behaviors.  Removing the focus from the individual in not only beneficial for children.

10 Retirement Lessons From a Retired Retirement Pro

(Steve Goldstein, MarketWatch) – This week’s retirement article covers retirement lessons from a nine-year retiree who spent his working career trying to prepare others for retirement.  While all of the points are valid, the primary lessons I see with retiree’s include “inflation is real”, “the transition to retirement”, and “busy or bored”.  

Where’s Brian?

One successful Christmas tree hunt…

Additional Articles You May Find Interesting

CARES Act – Returning unwanted 2020 RMDs

CARES Act – Returning unwanted 2020 RMDs

Article written by Brian Bickett   One of the key provisions of the CARES Act, the coronavirus relief act that took effect this spring, permitted retirement account holders to bypass required minimum distributions (RMDs) for 2020. RMDs are the annual withdrawals...

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Summary of the 2020 Social Security Trustees’ Report

Summary of the 2020 Social Security Trustees’ Report

The Social Security Board of Trustees released their annual report at the end of April once again this year.  The report for 2019 spans 276 pages that go into detail about the current financial status, future assumptions, and projections.  Once again…

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Understanding Arch Coal Pension Plan Benefit Options

Understanding Arch Coal Pension Plan Benefit Options

Article written by Brian Bickett   I’ve been able to help a handful of people make educated decisions concerning their Arch Coal Pension Plan in the recent months. While it all comes down to your personal financial goals, here are a few points that have helped my...

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