You may spend decades contributing to various retirement accounts. But for some accounts, such as a traditional IRA and 401(k), you must start withdrawing funds at a certain point. What should you know about this requirement? To begin with, the rules governing these withdrawals — technically called required minimum distributions, or RMDs — have changed
If you’ve invested in an IRA for many decades, it may well turn into a key source of income for your retirement. Still, you might not deplete your IRA in your lifetime, especially if you also have a pension or a 401(k) and other investment income. So, if your IRA still has sizable assets after
In March 2020, the Federal Reserve Bank eliminated the requirement for banks to keep reserves. This was one of many economic stimulus measures, most of them temporary. Yet, last year the Fed clarified this was a permanent change. When talking about bank reserves, it’s important to ask why they’re required. Banks having no money on
If you’re going to enjoy a comfortable retirement, you should know, among other things, how much money you’ll need. And you may have a much better chance of knowing this if you get some professional help. Consider these findings from a 2021 study by Dalbar, a financial services market research firm: • Investors who worked
If you’re getting closer to retirement, you might be thinking more about Social Security. Specifically, can you count on it to contribute part of the income you’ll need as a retiree? There’s been an increase in alarming language surrounding the solvency of Social Security, but in reality, its prospects are not nearly as gloomy as
This content was provided by Edward Jones for use by Hunter Owen, your Edward Jones financial advisor at 720-769-7500. Edward Jones, Member SIPC. It’s that time of year when many of us promise ourselves we’ll go to the gym more, or learn a new language, or take up a musical instrument, or any number of
Starting in the new year the Wheat Ridge Chamber of Commerce and the Neighborhood Gazette will be hosting Monday mornings (9 a.m.) for solo business owners and remote workers who want to meet for coffee at the Chamber’s office, 7230 W. 38th Ave., in Wheat Ridge. We will be sharing best practices, common challenges and
Provided by Edward Jones. Now that it’s the holiday season, gifts are probably on your mind – and you might intend for some of those gifts to go to charities. Although your intentions are good, you could be shortchanging both your recipients and yourself with your method of giving. But with some guidance, you can
Provided By Edward Jones It’s unfortunate, but recessions are part of the economic landscape. So, it’s handy to have a recession survival checklist: First, assess your income stability. If you think your income could be threatened or disrupted, you might want to consider adding some freelance or part-time work. Next, review your spending. Look for
Generally speaking, investing is a long-term process. You invest in your IRA and 401(k) to reach a long-term goal – retirement. You may invest in a 529 education savings plan for many years to reach another long-term goal – college for your children. But is there also a place in your portfolio for shorter-term investments?
In July, despite interest rates in the mid-5 percents and an active listing count over 72 percent higher than last year, Edgewater, Lakewood and Wheat Ridge experienced an average sales price gain of nearly 9 percent year-over-year. The pace of the market has certainly slowed since last year, but homes are still selling very quickly
On the site where Clancy’s pub stood for years and adjacent to Sprouts Market, you will find Morning Star Assisted Living & Memory Care. It opened about five years ago and, according to Executive Director Chad McGlothlin, it has become a “community within a community” Chad came onboard two years ago, the week before the
In March 2020, the Federal Reserve Bank eliminated the requirement for banks to keep reserves. This was one of many economic stimulus measures, most of them temporary. Yet, last year the Fed clarified this was a permanent change. When talking about bank reserves, it’s important to ask why they’re required. Banks having no money on
When COVID-19 struck businesses in March of 2020, many assumed the impact would be short-lived, that after a few weeks of shutdowns and lock-ins, business and life would return to normal. Now, well over a year later, and with new variants and surges emerging despite vaccines, the question is: when, how, or even if, a
In October Edgewater, Lakewood and Wheat Ridge witnessed an average sales price explosion of over 22 percent, year-over-year. The gains were so steep that total sales volume was up nearly 5 percent even though the number of transactions was down over 14 percent. Unsurprisingly, it took nearly a week less time to sell a house
