Jon C. Goodman’s Blog

 
It used to be that Americans could count on a pension plus Social Security to get them through their Golden Years.

 
In an endeavor as critical as managing your investments, it is prudent to handle some situations with the help of a competent professional advisor. Many individual investors simply do not have the time, patience, or persistence to deal effectively with their investments over the long term.

 
Calculating a retirement savings goal is one of the most important steps investors can take to help determine if they are on pace to meet that goal. However, most American workers haven’t tried to figure out how much money they will need to accumulate for retirement.

 
Last year—just a few days before April 15th—my son Jackson (a 19 year-old newlywed) called looking for financial advice about leasing a car.

“Dad,” he said, excited, “Megan and I just test drove a brand new Nissan Rogue. That car is awesome! It has leather interior, power

 
Most investors appreciate the powerful impact that tax-deferred growth combined with compounding interest can play in a young person’s Roth IRA over time. But how can a Roth benefit an older investor, say, who is midway through their career or close to retirement?

 
1. You can fund both a Roth and a Traditional IRA in a given year, but the combination cannot exceed $5,500 if under 50 years of age; if over 50, the limit is $6,500 per year.