We asked retirement advisors from across the country whether they felt SECURE 2.0 had been over-hyped or represented a game changer. Hereâs what they said on a few key issues.
Tag "Child IRA"
“I was [once] a major skeptic of the use of annuities, I have subsequently changed my mind regarding the efficacy of low-cost fixed and variable annuities in both personal and retirement accounts.”
Long industry veteran tells it like it is. How will his comments change your thoughts on these important subjects?
Today, directly or indirectly (âback doorâ), every wage earner can contribute to a Roth IRA. So, to benefit your (great)(grand)child through âlong term investingâ, you might consider funding a Roth IRA and/or Roth 401k.
When it comes to the definitive fiduciary, no one can play that role better than the parent. Parents constantly look out for their children. They want to give their children the best possible advantage to live a better life. Why not give them the ultimate head-start?
“First, we need to recognize we have a problem that affects all Americans and then work to find the basic solutions we can agree on. The longer we wait, the more people will suffer and the more expensive it will be.”
Why are financial professionals more likely to embrace behavioral finance and how can this help the average investor?
“…anytime we are talking about disclosures, donât make them like the lovely 404a notices. Make them simple and easy to understand. Otherwise you lose the whole point of the disclosure.”
Before one can advise investors, it’s critical one know what they’re thinking and understand why they’re thinking it.
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