Stretch IRA Distribution Plan

(Multi-Generational Beneficiaries)

The proposed plan for multi-generational beneficiaries illustrates how you could make some minor changes to your current IRA beneficiary designations to enhance your legacy. The key is understanding that IRA rules allow Designated Beneficiaries to continue deferral over a maximum deferred period that is based on their own life expectancy. Therefore, when your grandchildren inherit your IRA directly from you, their younger ages may enable them to continue the tax-deferral advantages for a longer period of time than your children could. This compounding of tax-deferred growth can create significant increases in your legacy.

So, the first step...

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I remember my first credit card vividly.

As a freshman at the University of Georgia, I signed up for an MBNA credit card, mainly to get the t-shirt that was a give away for filling out the application. However, since I was away at school, credit cards were also one of the “grown up” items that I wanted to add to my repertoire.

Regardless, that same credit card sits in my wallet today, with the inscription “Member since 94”. That credit card has been a lifesaver at times, and the object of intense hatred at others. Nevertheless, I learned a...

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What is an Initial Jobless Claims Report?

The initial jobless claims is a report issued by the U.S. Department of Labor on a weekly basis. This report tracks how many people have filed for unemployment benefits in the previous week. It is a good gauge of the U.S. job market. For instance, when more people file for unemployment benefits, fewer people have jobs, and vice versa. Investors can use unemployment claims to gather pertinent information about the economy.

Here is the weekly jobless claims report for May 21, 2009.

WASHINGTON (AP) — The number of newly laid-off workers requesting unemployment claims dropped...

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S&P Insurance Ratings

The recent financial turmoil has hit life insurance companies hard to say the least. Investors and insureds have expressed quite a bit of dismay as the companies ratings have been downgraded again and again.

eRollover has gone out and secured a list of S&P ratings, the different rating levels, and what the ratings from S&P mean.

Definitions

Standard & Poor's Security Circle Icons are awarded to insurers that voluntarily underwent Standard & Poor's toughest review and achieved one of its top four ratings for financial strength.

AAA

An insurer rated 'AAA' has EXTREMELY STRONG financial security characteristics. 'AAA' is the highest...

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An exchange-traded fund (or ETF) is an investment vehicle that is traded on stock exchanges, much like stocks. An ETF holds assets such as stocks or bonds and trades at approximately the same price as the net asset value of its underlying assets over the course of the trading day. Most ETFs track an index, such as the S&P 500 or NASDAQ. ETFs may be attractive as investments because of their low costs, tax efficiency, and stock-like features

An ETF combines the valuation feature of a mutual fund or unit investment trust, which can be purchased or redeemed at the end...

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Life Insurance is a Priority | Disability Insurance is Not

Individuals purchase large amounts of life insurance every year after they realize how their death would impact their families’ standard of living.

However, few people have given the same consideration in protecting their families in the event of a disability. The average worker is much more likely to experience an extended disability than premature death. Yet disability insurance protection is one of the most overlooked and misunderstood forms of insurance.

People’s perception of their coverage in a disability diverges greatly from the reality, and most people aren’t as concerned about a...

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Warren Buffett has been in the news recently for his thoughts on the economic downturn and government intervention to battle the recession of 2008-2009. His insights are closely followed by consumers and institutional investors alike, and Warren Buffett can single handedly move markets with just a few remarks.

However, many consumers do not fully understand who Warren Buffet is, and how his company Berkshare Hathaway functions. eRollover has come up with a quick guide to one of the most influential investors in history, and a little bit about the most famous value investors in history.

About Warren Buffett