The Prosperity Blog

10 Ways to Money-Proof Your Relationship

money and relationshipsAs we approach Valentine’s Day, millions of Americans will celebrate with special dinners, cards, flowers, chocolates, and “I love you’s.” Whether you’re a fan of Hallmark Holidays or not (I’m not), hopefully, we can all celebrate love, partnership, marriage, and companionship! And now is a good time to examine the money and relationships — and how to improve both! Because money impacts everything, financial planning with your spouse is tops.

Unfortunately, many couples won’t be celebrating their relationship this week because it was torn apart by conflicts over money. “Money fights predict divorce rates,” says the New York Times. 80 percent of couples fight about money, says a 2014 Money Magazine survey. Research from American Express revealed that 91 percent of couples avoid talking about finances, and only 43 percent discussed money before marriage!

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The CLUE Method – Episode 345

Learn about how the CLUE Method creates better opportunities to gain control and leverage. Listen as Kim and Spencer explain this method and how it can be valuable for you!

Best-selling author Kim Butler and Spencer Shaw show you how to take more control of your finances. Tune in to The Prosperity Podcast to learn more about Prosperity Economics thinking and strategies today!

Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.

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Bye-bye Stretch IRA: Uncle Sam Wants his Cut!

How the SECURE Act Impacts Inherited IRAs

How the SECURE Act Impacts Inherited IRAs Last week, we published an article summarizing many of the changes the SECURE Act brings to retirement plans. These include new rules regarding retirement plan contributions, distributions, the availability of annuities within plans, maximum contributions for automatic enrollment plans, employer incentives to participate, and more.

This week, we focus on one remaining change—and perhaps biggest challenge—of the SECURE Act: the new rules around inherited IRAs. The stretch IRA strategy is dead and it’s time to seek alternatives. If you believe you may inherit an IRA or leave one to beneficiaries, this is information you need now—before it’s too late to stop Uncle Sam from taking a big chunk of your intended inheritance!

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Emergency Fund – How to Make Sure You Have Enough – Episode 344

Kim and Spencer dive into the principles of the Emergency Opportunity Fund and how to be prepared. Stay tuned and learn what to do in emergencies!

Best-selling author Kim Butler and Spencer Shaw show you how to take more control of your finances. Tune in to The Prosperity Podcast to learn more about Prosperity Economics thinking and strategies today!

Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.

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The SECURE Act Changes the Rules of Retirement Plans

How the SECURE Act Changes the Rules of Retirement PlansAt the end of 2019, Congress passed the biggest bill affecting retirement accounts in more than a decade. (You may have been unaware of it since the news cycle has been filled with the impeachment drama!) Today, we summarize the SECURE Act changes that may impact you in 2020 and beyond. Next week, we’ll have a follow-up article on the impact the SECURE Act will have on inherited IRAs.

The awkward acronym “SECURE” stands for Setting Every Community Up for Retirement Enhancement Act. Signed into law by President Trump before Christmas, the legislation is intended to help Americans increase their retirement savings. Let’s look at how it actually may accomplish that goal—as well as the challenges it brings.

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