Budgeting Blog

How to Get the Most Out of a Meeting With Your Financial Advisor

— Baddies and Budgets
Tagged: building wealth financial advisor financial planning investing personal finance retirement
The quality of your financial advisor meeting depends on how prepared you are. Here are 4 ways to take control and actually get what you need out of every meeting.

Inherited IRA Tax Rules: What You Need to Know Before You Make a Move

— Baddies and Budgets
Tagged: estate planning inherited IRA IRA personal finance retirement SECURE Act tax strategy
The rules for inherited IRAs changed significantly in 2020. Here is what the 10 year rule means, who is exempt, and how to minimize your tax bill on an inherited IRA.
The Sandwich Generation: How to Financially Support Your Parents and Your Kids Without Losing Yourself

The Sandwich Generation: How to Financially Support Your Parents and Your Kids Without Losing Yourself

— Baddies and Budgets
Tagged: budgeting elder care financial planning multigenerational family personal finance retirement sandwich generation
Supporting aging parents and your own kids at the same time is called the sandwich generation. Here is how to handle the financial pressure without sacrificing your own future.
What Are Required Minimum Distributions and How Do You Manage the Tax Hit

What Are Required Minimum Distributions and How Do You Manage the Tax Hit

— Baddies and Budgets
Tagged: IRA personal finance retirement RMDs Roth conversion tax strategy
The government requires you to withdraw from your retirement accounts at age 73. Here is what RMDs are and the strategies that can help you manage the tax impact.