RL Wealth Educates - The Blog of Rubino & Liang Wealth Partners

Why Now Is The Time To Beat Taxes In Retirement

Mar 4, 2020 3:30:00 PM / by RL Wealth Partners

Retirement changed forever in 1978.

That’s the year the 401(k) was invented. Now, over 40 years since, most Americans have adopted the 401(k) as their go-to vehicle for retirement savings. The 401(k) accounts for the bulk of most retirees’ total savings set aside for their retirement.

There’s a problem, though. Let’s say you have $1,000,000 sitting in your 401(k). That’s a worthy amount, and it means you’ve worked hard and done well.

The problem is that $1,000,000 is not 100% yours. If we’re honest, the name on your account should say “Joint Account with the IRS.”

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What Should You Do About The Coronavirus And Stock Market Volatility?

Feb 27, 2020 9:35:02 AM / by RL Wealth Partners

The financial markets took a big dip early this week over fears about the spreading coronavirus, erasing gains from earlier this year. After the Dow lost over 800 points on Tuesday, it was down a total of 1,900 points in two days.

Investors are understandably nervous about their money and their health. If you are worried about your portfolio, you’re not alone. But during stock market volatility, it’s important to keep a level head to avoid financial mistakes.

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The True Cost of Withdrawing Early From Your 401(k)

Feb 20, 2020 9:42:19 AM / by RL Wealth Partners

In today’s age there’s little we can all agree on. But one common goal we all share is to enjoy a satisfying retirement. Achieving this goal is sometimes not so obvious, but there’s nothing more resourceful than a 401(k) to help you inch closer to making your dreams a reality. And if your employer is contributing funds to make this nest egg grow even more, all the better! But we are all painfully aware of how unpredictable life can be. What if something crazy happens and you need cash—and you need it now? If you’re tempted to crack open your retirement piggy bank early to help out with some pressing expenses, we urge you to read this first. 

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