Work to Wealth
SECURE ACT 2.0
Our featured article of the month, Secure Act 2.0, describes how in the final days of 2022, Congress passed a new set of retirement rules designed to make it easier to contribute to retirement plans and access those funds earmarked for retirement. The law is called SECURE 2.0, and it's a follow-up to the Setting Every Community...
New Retirement Contribution Limits for 2023
Our featured article of the month, New Retirement Contribution Limits for 2023, is a simple listing of some of the adjustments the IRS has made to contribution limits for various retirement vehicles. Note that gifting limits have been raised as well. Contact your HR department to make adjustments to your work sponsored retirement plans. For IRA...
End-of-the-Year Money Moves
Our featured article of the month, End of the Year Money Moves, provides a few smart ideas on preparing your financial situation for year end. Considering how difficult the investment markets have been this year, why not take advantage of tax-loss selling to offset current or future capital gains? And see below a link to...
Should We Reconsider What “Retirement” Means?
Our featured article of the month, Should We Reconsider What “Retirement” Means? provides a brief explanation of the changing concept of retirement amongst today's retirees. Mostly gone is the old adage involving a sofa and the TV. Today's retirement has become dynamic, involving new business startups, volunteer work or international relocation. Retirees are finding energy for new...
Leaving a Job? Consider These Options for Your 401(k)
Our featured article of the month, Leaving a Job? Consider These Options for You 401(k), provides the steps you can take when handling your 401k with your former employer. While the steps seem rather straightforward, inevitably investors make mistakes and/or do not consider all of the pros and cons regarding their options. Cashing out the plan...
Should You Prepare to Retire on 80% of Your Income?
Our featured article of the month, Should You Prepare to Retire on 80% of Your Income, examines the assumption of whether that large of a percentage of your pre-retirement income is necessary to maintain your standard of living. With calculators a plenty on 401k sites and banking sites trying to help investors figure out "their number",...
What Happens When There Are No Beneficiaries
Our featured article of the month, What Happens When There Are No Beneficiaries, outlines the common steps utilized when determining the benficiary of an investment or proceeds from an insurance policy. As stated, most retirement plans will default to the surviving spouse, by state law, even if no beneficiary is listed on the plan account. Of...
The Behavior Gap and Your Financial Health
Our featured article of the month, The Behavior Gap and Your Financial Health, describes something all of us humans can succumb to now and again; emotional reactions. This article touches on times in invesment markets when emotions are high, like now, which leads to many investors making poor financial decisions. Depending on your situation and your investment...
Rehearsing for Retirement
Our featured article of the month, Rehearsing for Retirement, illustrates ways to trial run your departure from your working life to your retirement life by role playing in your own future production. While it may sound a little unsual, this rehearsal method can help you develop and then test the mindset you may encounter when the...
Should You Downsize for Retirement?
Our featured article of the month, Should You Downsize for Retirement?, asks some thought provoking questions and considerations when trying to decide where to live in retirement. If the family house is now an empty nest, wouldn't it make sense to downsize either to a familiar area surrounded by your support systems or near children and family? Sounds...