Objective information about financial planning, investments, and retirement plans

Small Business Retirement Plans – SEP-IRA vs. Solo 401(k)

One of the best tax deductions for a small business owner is funding a retirement plan.  Beyond any tax deduction you are saving for your own retirement.  As a fellow small business person, I know how hard you work.  You deserve a comfortable … [Continue reading]

Selecting the Right Financial Advisor

Several years ago finance blogger extraordinaire Barbara Friedberg wrote this guest post for Happy Simple Living entitled Financial Advisors Who Get Paid To Sell Products Bother Me.  What she said in that post still resonates as true today as it did … [Continue reading]

Stock Market Highs and Your Retirement

Today both the S&P 500 Index and the Dow Jones Industrial Average hit all-time highs. This comes less than a month after a 610 point drop in the Dow in the wake of the Brexit, the vote taken in U.K. where they decided to leave the European … [Continue reading]

Avoid these 9 Investing Mistakes

d06e4c4f860c4350932596c95be0ec0a (2)

Investing is at best a risky proposition and sometimes even the best investment ideas don’t work out. However avoiding these 9 mistakes can help improve your investing outcomes. Inability to take a loss and move on  It's difficult for many … [Continue reading]

Some Excellent Online Financial Resources

I use social media and the web to interact with financial advisors, financial bloggers and writers and to keep up with the latest financial news.  Here are some excellent online financial resources, including some blogs and websites that I … [Continue reading]

Brexit and Your Portfolio

c2299963de084fdeb77ecb750f2e9da5

As you are most likely aware, the U.K. voted to leave the European Union. The so-called Brexit vote was a surprise to many and caused a swift, severe and negative reaction in the world financial markets. On Friday June 24, the S&P 500 lost … [Continue reading]

Review Your 401(k) Account

For many of us, our 401(k) plan is our main retirement savings vehicle. The days of a defined benefit pension plan are a thing of the past for most workers and we are responsible for the amount we save for retirement and how we invest that … [Continue reading]

Offshore Financial Interests & Immigrants to The U.S.: Failure to Report Existence & Income May Lead to Deportation

28bdd2a73ea741ecad5a2b278cf9cee8

This is a guest post by Chicago attorney Dan Janich. A little off the normal topic path for this blog, but Dan's insights are worth sharing. This post is timely with the recent Panama Papers disclosures.  The current firestorm surrounding the … [Continue reading]

401(k) Fee Disclosure and the American Funds

e5615b01ce834a89b7a6cbeb695b617c

With the release of the Department of Labor’s fiduciary rules for financial advisors dealing with client retirement accounts, much of the focus has been on the impact on advisors who provide advice to clients on their IRA accounts. Long before these … [Continue reading]