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Eric Reed's coverage heavily focuses on personal finance, particularly retirement planning, Roth IRAs, portfolio structure, tax liability reduction, and investment analysis. To effectively reach out to him or contribute to his articles, consider providing insights into the latest trends and data related to retirement planning strategies with a focus on Roth IRAs and tax implications in the United States. Additionally, offering well-researched how-to guides or investment analyses would be relevant based on his coverage attributes.
His geographic focus is national (United States), so topics should be tailored to reflect U.S.-specific financial regulations and considerations.
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In almost all cases the IRS enforces its rules through fines and penalties. This is the case of Required Minimum Distributions (RMDs). As always, your RMDs are due by the end of the year. In this year, if you don't take out the minimum distributions by December 31, 2024, the IRS will penalize you with […] The post RMDs Are Due December 31. What Happens If I Don’t Take a Distribution? appeared first on SmartReads by SmartAsset.
By: Eric Reed
Annuities and target date funds are popular assets for households who are either saving for retirement or already in their golden years. How useful each may be for you depends on your financial goals and where you are on your path to retirement. For example, John and Susan are both 67 and recently retired. They […] The post We Have $1.2M in an IRA, Plus Another $750k and Social Security. Should We Shift Assets to a Target Date Fund or an Annuity? appeared first on SmartReads by SmartAsset.
By: Eric Reed
Southern Seminary President Albert Mohler narrowed the language in his proposed amendment to prohibit women “specifically preaching” in a pastoral capacity. His earlier version, planned for introduction at the Southern
By: Eric Reed
With retirement planning and taxes, there are often two ways to look at a question: First, can you do something, and then, should you do it? For example, let's say we have a household planning for retirement. Would it be wise for them to convert their 401(k) into a Roth IRA 20% at a time […] The post Is It Wise to Convert 20% of My 401(k) into a Roth IRA Each Year to Avoid Taxes and RMDs? appeared first on SmartReads by SmartAsset.
By: Eric Reed
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SBC President Clint Pressley preached from Ephesians 4 in his address to messengers at the Annual Meeting in Orlando June 9, calling for vigilance in biblical doctrine, but also a spirit of humility in the body.
The more than 11,000 messengers and their guests endured a full day of entity reports, the first set of officer elections and an opportunity to make their requests known today (June 9) during the SBC Annual Meeting in Orlando.
By: Eric Reed
Suppose you and your spouse are both 65 years old, have $1 million in savings and collect $30,000 per year in Social Security. Is that enough to fund a $70,000 per year retirement? It will depend on your personal circumstances, especially where you live, but $70,000 may be enough for some households. Whether your assets […] The post We’re 65, Have $1 Million Saved and $30K in Social Security Benefits. Can We Live on $70K Per Year? appeared first on SmartReads by SmartAsset.
When you sell a primary residence, the IRS allows you to exclude from your capital gains taxes the first $250,000 of profits if you file single or $500,000 of profits if you file jointly. You must include any surplus of those amounts in your taxable capital gains for the year, though. So, what if you […] The post I’m Selling My House and Netting $800k. Can I Avoid Taxes While Downsizing for Retirement? appeared first on SmartReads by SmartAsset.
No, buying another home does not eliminate capital gains tax on the sale of your primary residence . An older tax rule once allowed homeowners to
