One of the most frequent questions asked to our 1st Mariner Financial Advisers is regarding the choice of a Traditional or Roth IRA*.
It is complicated...
At first glance, the Roth IRA is very appealing since it offers the long term investor the ability to withdraw funds TAX FREE (after age 59 ½, a holding period of 5 years or for very specific exception situations). Investors must bear in mind that the Roth does not offer the possible tax deduction of the Traditional IRA.
In reality, it... [More]
Welcome back to the 6 Day Spring Clean Your Finances Challenge! In case you missed part 1, click here. Otherwise, we're on to day 3...
Day 3: Take a Look at Your Retirement Plan
Step 1: Do you have a retirement plan? If so, move on to step 2. If not, start one…right now! Never underestimate the power of compound interest. You can start by looking into retirement plans that your employer offers. There are often incentives associated with these accounts that make these investments worth you... [More]