Ask an Advisor: I’m 61 With $900k in My 401(k) and $800K ‘Sitting in a Money Market’ Account. How Should I Invest? I have $800,000 sitting in a money market account because I don’t know what else to do with it. My hope was that I could put it in something that can yield around […]
The owner of a well-fortified San Gabriel Valley jewelry store is reeling after thieves managed to break in and get away with some $800,000 worth of diamonds, gold and cash. The May 15 incident occurred late at night when a crew of four to five burglars broke into Desiré Jewelry in Glendora, disabled the shop’s […]
Converting to a Roth IRA can be tricky business. For the right household, this is an excellent way to save money on retirement taxes. A Roth portfolio generates untaxed income, letting you keep more of your portfolio and Social Security. It also has no required minimum distributions (RMDs), maximizing your financial flexibility. But remember that […]
May 17—NEW LONDON — What was expected to be a routine City Council vote next week to approve the proposed 2024-25 city and school budgets has gotten more complicated with the loss of $800,000 in expected state education aid. The council is slated on Monday to hold its third and final reading on the $57.13 […]
Halting construction on a controversial multi-million dollar project has cost Richland School District 1 more than $800,000 so far, the district said Thursday. The Vince Ford Early Learning Center, a $31 million building planned for Rawlinson Road in Lower Richland, had been under construction since late last year. But the work was paused after Richland […]
Apr. 9—GREILICKVILLE — A Grand Rapids man turned himself in after allegedly defrauding a Georgia couple he promised to build their dream home. David Jon Jenkins, 23, was arrested April 3 at the Leelanau County Sheriff’s Office near Suttons Bay. The Georgia couple contacted the sheriff’s office in December 2023. They told deputies they paid […]
This week’s top-selling property in Dartmouth is a classic colonial that sold for $820,000. The home at 175 Rockland Street is a rare find with five bedrooms and over 2,550 square feet of living space. Filled with charm the home built in 1921 features a grand foyer, custom built-ins, French doors, and original hardwood floors. The […]
A divorcing couple. Like all family and property law, divorce is a highly state-specific process. How you will handle a divorce and protect your assets, and what constitutes individual vs. shared assets, will depend entirely on your jurisdiction. As a result, how retirement accounts are treated during divorce proceeds can vary widely from state to […]
The price point of $800,000 has become a new normal in the Lower Hudson Valley market, as median home prices continue to rise. In 2023, average median home prices were $850,000 in Westchester, $660,000 in Rockland and $485,000 in Putnam. Darin Palumbo, a realtor at Green Grass Real Estate Corp based in Bronxville, said unlike […]
A Michigan woman was arrested on multiple fraud charges in connection with a scheme to steal more than $800,000 in luxury clothing and goods from rental websites, the Justice Department announced Wednesday. The Justice Department alleged that Brandalene Horn, 42, opened hundreds of accounts on websites designed for women to rent clothing and accessories and […]
A 60-year-old woman looks over her finances and calculates how long her savings could last. Imagine that you’re 60 years old with $800,000 in retirement savings and $4,000 in monthly living expenses. However, you want to wait until age 65 to claim Social Security, so you need to find a way to generate additional income […]
Financial advisor and columnist Brandon Renfro My monthly Social Security is $3,178, my pension will be $2,090 per month and my 401(k) has $800,000. If I use the 4% rule, where do I stand tax-wise? – Reggie This is a great question. I hope it goes without saying, but without having all of your information […]