How should investors react as recession chatter grows louder? The answer lies in gauging the type of recession, as Liz Ann Sonders of Schwab explains. It may not be wise to leave an IRA to your grandchildren. Carrie Schwab-Pomerantz shows how the devil is in the details. Maybe you should consider a solo 401(k). If you’re self-employed, MarketWatch describes how you can save on your taxes as you save for retirement.
Land Of Confusion: Soft Or Hard? — While timing a recession is an impossible task, understanding that one is on the horizon (regardless of when it arrives) is crucial. Liz Ann Sonders of Schwab thinks it’s prudent on the part of investors to consider the items that are typically checked off leading up to—and in—recessions. Read more…
Do You Want To Leave An IRA To Your Grandchildren? — Naming a grandchild as an IRA beneficiary can be a tax-smart way to pass on money—both for you and for your grandkids. But the devil is in the details, which is why Carrie Schwab-Pomerantz suggests talking this over with your financial advisor and an estate planning attorney. Read more…
When Does A Solo 401(k) Make Sense For Self-Employed People, And What Are The Contribution Limits? — For one-person business owners who hate to leave any tax break on the table, the solo 401(k) option is a sweet deal. Many owners will be able to make much larger annual deductible contributions to solo 401(k)s than to a SEP or SIMPLE-IRA. Read more…
John R. Day, Bill Ennis, Stephanie Hall, and Matt Heller
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