Gauging Your Financial Well-Being Six signs that you are in good shape. How well off do you think you are financially? If your career or life takes an unexpected turn, would your finances hold up? What do you think will become of the money you’ve made and saved when you are gone? These are major […]
Is the conventional wisdom for everyone? Questioning traditional assumptions about retirement planning can be illuminating. Some retirement planners and economists argue that they need to be reexamined. Does most retirement planning focus on the future at the expense of the present? One noted economist makes that case. Laurence Kotlikoff, the former White House economic advisor […]
Retirement Planning With Health Care Expenses in Mind It is only wise to consider what Medicare won’t cover in the future. As you save for retirement, you also recognize the possibility of having to pay major health care costs in the future. Is there some way to plan for these expenses years in advance? Just […]
Why Do We Save So Little? What’s good for the economy isn’t necessarily good for our future. Our parents & grandparents saved much more than we do. Most people who have read up on the economy for any length of time have heard of the personal saving rate (PSAVERT), which the Commerce Department calculates […]
2014 IRA Deadlines Are Approaching Here is what you need to know for 2014. Financially, many of us associate April with taxes – but we should also associate April with important IRA deadlines. *April 1 is the absolute deadline to take an initial IRA Required Mandatory Distribution (RMD). *April 15 is the deadline for […]
Making Your Money Work Harder Little things you could do that could help you leave work a little sooner. Little things matter. When planning for retirement, people naturally think about the big things – arranging sufficient income, amassing enough savings, investing so that you don’t outlive your money, managing forms of risk. All of this […]
Are you retiring soon? If you’re within ten years of retirement, it’s time to take a hard look at where you stand. A research report conducted by the National Institute on Retirement Security found that a startling 45 percent (38 million) of working-age people age 25-64 have no retirement assets. This includes 401k plans and […]
Ninety percent of Americans are counting on Social Security to fund their retirements. A recent study conducted by the National Institute on Retirement Security disclosed that only ten percent of Americans have saved enough money to allow them to retire to the life they want. Unfortunately, the average American family’s retirement asset is an unbelievably […]
Many times people leave a job and leave their old 401k behind. This could be a huge mistake! What happens to the money you have saved in your employee retirement plan?
Where are all your important documents? Now is the time to organize and centralize your documents,and make sure your plans are in order!