New Bill Requires Employers to Set Up Mandatory IRAs for Employees

A new bill has been passed by the Illinois State Senate that requires employers to set up retirement accounts for all of their employees. This bill passed earlier this week imposes significant requirements on business owners throughout the state. It is unclear yet what effects this employer managed retirement account law will have on employer […]

Stretching an IRA

Leaving money to your children or any other beneficiaries doesn’t have to be a one-time deal. According to AARP Magazine, you can actually leave money to your kids or grandkids that increases over time, “with a little bit of planning on your part—and a little educating of your beneficiaries.” This type of IRA is called […]