Preparing Your Finances for 2020
When preparing your finances for 2020 now is the time to create the game-plan. Goal setting and financial implementation is critical. Getting sound advice and locating your personal “money-compass” is a wise move. The “financial compass” is important so one knows if...
Retirement Readiness Checkup
Are you saving enough for retirement? It's easy to underestimate your retirement expenses, since you can't know everything the future will bring. But there are ways to more accurately gauge your financial needs, especially if you're just a few years from retirement....
Time and Money
Time never matters more than when saving for a long-term goal. Retirement is most people’s longest-term goal. Here’s why time matters. Start Early Lost Time Early is Better Begin Today See this month’s issue of Let’s Talk Money, these tips may give you a better...
Fine-tune Your Retirement Preparations
Is retirement within sight? As you get closer to retirement, your thoughts may turn to the day when you’ll finally be able to slow down and relax. But during the time that remains, take the opportunity to do all you can to ease your transition. Talk over expectations...
Trimming your holiday spending
While you may be tempted to “deck the halls” during the holiday season, don’t let your festive spirit put you into major debt. Think about the whirlwind of bills that will come due in January if you overspend now. It is possible to spread some cheer without breaking...
Your asset mix – bring it back in line
What have your investments been up to lately? Maybe some of them have performed really well. And maybe some took a swan dive. Either way, your asset allocation may now be out of whack. What can you do about it? Rebalancing helps you restore your asset mix to...
Financial protection for the self-employed
If you are self-employed, you are fully aware of the joys — and the pressures — that being your own boss bring. You can work as much or as little as you choose. And as long as you are healthy, your ability to generate income is secure and your family can enjoy the...
Time for a benefits check
Autumn can be a busy time. Kids are back in school and the holidays are looming. Making employee benefits decisions may be just one more thing piling up on your to-do list. So you might be tempted to take a shortcut by renewing your current benefits without reviewing...
Savings for Stay-at-Home Spouses
It can be challenging for a spouse who doesn't have access to an employer's retirement plan to save for retirement. One potential solution: opening a spousal individual retirement account (IRA). How it works Traditional spousal IRA contributions Roth spousal IRA...
Ready or Not – You May Have To Retire Early
Are you one of those people who dreams of retiring early? Or would you rather push off retirement as long as you can? Unfortunately, the decision to retire early isn't always in your hands. If you lose your job or become ill, your retirement date can come sooner than...
Summer School – Learn About RMDs
It's probably been a while since you were in school. However, if you're approaching retirement, it's a good time for a few lessons on taking required minimum distributions (RMDs) from individual retirement accounts (IRAs) and 401(k) plans. The basics Take by the...
Will you be ready to retire?
When you first started working, retirement may have seemed way off in the distance. But sooner than you anticipate, it will be right ahead of you. Long before you reach that finish line, you need to ensure you are doing everything you can to help reach your retirement...
Take Advantage of Tax-advantaged Accounts
Investing for retirement will help you prepare for your future. But where should you invest your money? If you choose to invest in one or more tax-advantaged accounts, you can prepare for retirement and receive tax benefits. Here's how the tax benefits of 401(k) plans...
Commit to Your FUTURE
Will you have enough money for retirement? According to a recent survey, 57% of people reported that the total value of their retirement funds and investments was less than $25,000. This included 28% who had less than $1,000 accumulated for retirement. Setting aside...
A Gift for Your Future
Even if retirement is years away, what better gift could you give yourself this holiday season than income-tax savings and a potentially more secure future? All it takes is a bit of year-end planning. Max out Contributions Investigate the saver's credit Now versus...
Avoid the Default Investment Trap
Have you heard of 401(k) Day? It's a time for promoting the popular 410(k) retirement plan and the importance of setting aside for the future while you are working. Default investments Consider all you options Permission to change your mind See this month's issue of...
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