Individual Retirement Accounts: An Introduction

by Marylove Moy 2. June 2014
Do your eyes glaze over when you see the term IRA? Are you sick and tired of all those ads on tv talking about retirement? I hear ya! These days, retirement – and retirement planning – is the 800 pound gorilla in most people’s homes. Well, have no fear...let’s take a look at what an IRA is and how they have evolved over time. Once we understand the history, we can move on to other related topics: investing, planning and other retirement ideas. Basically, an IRA is an &ld... [More]

April is National Financial Literacy Month

by Spencer Tierney 16. April 2014
Every April for the past 10 years, we have celebrated National Financial Literacy Month – and for good reason. A person’s financial literacy level can always be improved. In a study conducted by the FINRA Investor Education Foundation, participants were asked five questions about personal finance, and 61% of them couldn’t answer more than three questions correctly. 1. Why is financial literacy important? As the financial landscape changes, it is becoming increasingly important ... [More]

Traditonal vs. Roth IRAs: How to Choose

by Marylove Moy 23. January 2014
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]


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