Getting Married? After 27 years of independently maintaining her own finances, CPA Amber Gilstrap took the plunge. Well, yes, she got married, but she also combined finances with her new husband. Marriage is often the catalyst that prompts two people to mix their money, but even those who live together may reach a point where […]
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 […]
Many retirees find that their income streams are insufficient so they look for additional ways to earn more. With rock bottom interest rates, investors are seeking out high yielding investments. The federal funds rate is still next to nothing, and the classic conservative retirement investments like money market funds and CDs are failing to keep up with inflation.
So where do you turn for more yield, especially if you are close to or in retirement?
Why You Should Keep Contributing To Your Retirement Plan Save for retirement consistently, regardless of how the market behaves. There is seldom a dull moment on Wall Street. Stocks may rise or fall dramatically over the course of a year or a decade. Sometimes, breaking news may tempt you to pull money out of a […]
FINANCIAL QUESTIONS FOR THE RETIRING HOMEOWNER Six questions to contemplate before the transition. Do you see yourself retiring in the near future? In planning for that transition, you might want to consider the state of your mortgage, the state of your property taxes, and the state of your living quarters. 1. Could you pay off […]
How much salary should you defer into a retirement plan? Ultimately, the answer is “however much your budget allows you to contribute”. The big-picture question, however, is whether you need to contribute more to your retirement savings in order to maintain your lifestyle after your career is done. An Aon Hewitt analysis (The Real Deal: […]
Little things to keep in mind for life after work. Decades ago, there was a popular book entitled What They Don’t Teach You at Harvard Business School. Perhaps someday, another book will appear to discuss certain aspects of the retirement experience that go unrecognized – the “fine print”, if you will. Here are some little […]
It only makes sense – yet many retirees live without one. You won’t be able to withdraw an unlimited amount of money in retirement. So a retirement budget is a necessity. Some retirees forego one, only to regret it later. Run the numbers before you retire. Often people need about 70-80% of their end salaries […]
Coming your way: some of the most significant changes in 30 years. The Department of Labor is following through on its promise to update the retirement plan landscape. Three major rule changes are scheduled for the near future. All retirement plan fiduciaries and administrators should be aware of them. #1: “Covered” service providers must fully […]
COULD BIG CHANGES BE COMING TO 401(k)s? Two federal tax reform proposals could make them less attractive. Massive deficit – and among the many revenue-generating ideas being discussed in Congress, two in particular could have disturbing consequences for employees saving for retirement. There is no need to panic yet – these ideas are a long […]