Getting a Head Start on College Savings
Getting a Head Start on College Savings One study estimates the average cost of raising a child to the age of 17 for a middle-income family is about $310,605. As a point of comparison, the median home price in the U.S. was $417,700 at the end of 2023.1,2 If you...
IRA Withdrawals that Escape the 10% Tax Penalty
IRA Withdrawals that Escape the 10% Tax Penalty Sgroi Financial The reason withdrawals from a Traditional Individual Retirement Account (IRA) prior to age 59½ are generally subject to a 10% tax penalty is that policymakers wanted to create a disincentive to use...
Choices for Your 401(k) at a Former Employer
Choices for Your 401(k) at a Former Employer Sgroi Financial One of the common threads of a mobile workforce is that many individuals who leave their job are faced with a decision about what to do with their 401(k) account.¹ Individuals have four choices with...
Retirement Plan Choices for Small Businesses
Retirement Plan Choices for Small Businesses As a small-business owner, figuring out retirement choices can be a little intimidating. How do you pick the most appropriate retirement plan for your business as well as your employees? There are a number of...
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