Author Archive | Larry Frank, Sr.

After-tax 401k's vs Roths ... and rollovers; they're different!

After-tax 401k’s vs Roths … and rollovers; they’re different!

Some plans offer “after-tax” 401k contributions. Aren’t these the same as a Roth 401k? Nope! There are three (3) different types of 401k contributions – IF your plan offers them … and each one has its’ own tax treatment: The 401k most people are familiar with. These are subject to the contribution limits each year. The […]

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Is Robo-Advising the way of the future?

What is Robo-Advising? From Widipedia: “Legally, the term “financial advisor” applies to any entity giving advice about securities. But most robo-advisors limit themselves to providing portfolio management (i.e. allocating investments among asset classes) without addressing issues such as estate and retirement planning and cash-flow management, which are also the domain of financial planning.”   So, […]

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You’d never guess what factor is most important for retirement income!

You’d never guess what factor is most important for retirement income!

What is the most sensitive factor in the computation of retirement income? Time! It is the one input that is largely ignored. Time … or better said, aging …  has succumbed through the common use of a fixed age such as 95 or 100. You may click on the graph to enlarge it (hold shift key […]

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unclaimed property

How safe is your IRA? Not from the markets, but from the State!

I discussed how inheritances can go amuck and the heirs don’t get the inheritance – the State does. This can happen while you’re still alive too! Did you know that the State can claim your IRA (or any account for that matter) due to inactivity?   A couple of articles to drive the issue home: Protect client […]

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Dad and child

How does a minor get Social Security?

Your child, or grandchild is a minor. When a child is entitled to Social Security benefits, the Social Security Administration (SSA) will appoint a representative payee to receive benefits on behalf of the child. Usually this is the parent. The representative payee collects the benefits and pays the child’s living expenses until the child turns 18 […]

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