Hopatcong Lake Regional News
News, Events and Business Listings for the Lake Hopatcong Region
If you’re a certain age, you’ll need to withdraw money from some of your retirement accounts each year. But in 2022, the amount you must take out may be changing more than in other years – and that could affect your retirement income strategy.
Hopatcong Lake Regional News is pleased to partner with local resident John-Paul Tancona as our financial advisor with Edward Jones. With over 20 years of experience in this industry, he offers free tips and welcomes your no obligation questions as a resource to our community.
While you’re working, you may be contributing to an individual retirement account (IRA), which can provide a tax-advantaged way to save for your future.
When you and your life partner work together to achieve your important long-term goals, such as a comfortable retirement lifestyle, the experience can be greatly rewarding. However, your success will require commitment and discipline.
On Veterans Day, we honor the men and women who have served in our armed forces. If you’ve recently separated or retired from the military, or you will be leaving soon, you can be proud of the service you’ve provided to your country.
If you’re going to retire in the next few years, you’ll want to start thinking about making some changes to your investment portfolio. And one area you may want to look at is whatever type of cash account you might have – because, when you’re retired, the amount of cash you have readily available may be even more important than when you were working.
October is National Retirement Security Month. But what does retirement security mean to you? And how can you work toward achieving it?
It’s been called the “Great Resignation” – the large number of Americans voluntarily leaving their jobs. If you plan to be part of it (ideally with another source of employment lined up), you’ll need to make the financial moves necessary to keep making progress toward your long-term goals.
If you’re getting close to retirement, you’re probably thinking about the ways your life will soon be changing.
If you’ve had an IRA and a 401(k) for many years, you may occasionally ask yourself some questions: “Am I contributing enough?” “Am I still funding these accounts with the right mix of investments for my goals and risk tolerance?” But here’s one inquiry you might be overlooking: “Have I used the correct beneficiary designations?” And the answer you get is important.
When would you like to retire? You may already have a certain age in mind, but it might be a good idea to view your retirement date as more of a moving target, since changes in your life can affect your thinking – and your financial strategy.
Many people have decided that bitcoin is the next big thing – and they are backing up their enthusiasm with dollars. Should you, too, consider putting money into bitcoin or other cryptocurrencies?
If you’re in the early stages of your career, you’re probably not thinking much about retirement. Nonetheless, it’s never too soon to start preparing for it, as time may be your most valuable asset. So, you may want to consider retirement savings vehicles, one of which is an IRA. Depending on your income, you might have the choice between a traditional IRA and a Roth IRA. Which is better for you?