Since the 2019 law change, if you inherit an IRA from someone who is not your spouse, in most cases, you’ll have 10 years to withdraw the funds. The majority of IRAs are comprised of pre-tax dollars. This means that when you take a withdrawal, you generally have to pay taxes. Especially for those who...Read More

Commodity prices often send signals about the direction of the economy. Diesel prices have fallen rapidly over the past six months. Many factors impact energy prices but shipping companies, including UPS, have said demand for freight has significantly waned. This is a signal of an economic slowdown. Read More

Mortgage rates have dramatically increased since 2021. Based on a very strong historical relationship, the 30-year fixed rate mortgage is about as poorly priced as it has been in 20+ years. Given the situation, an adjustable rate mortgage is probably worth considering for home buyers presently.Read More

Short-term treasury bills (or bonds) are now yielding over 5%. This is the highest level in 15 years. In this video, I’ll walk you through the steps of buying US treasury bills through Fidelity. Fidelity does not charge any fees or commissions if you purchase T-bills online. The other nice thing about treasurys is the...Read More

One of the most common tax traps in retirement is surcharges on Medicare premiums. This is more formally known as the income related monthly adjustment amount or IRMAA. Medicare Part B premiums are based on a taxpayer’s income. As your income increases, you run the risk of being subject to IRMAA which can result in...Read More