Objective information about retirement, financial planning and investments

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 businessperson, I know how hard you work.  You deserve a comfortable … [Continue reading]

4 Benefits of Portfolio Rebalancing

Last year was a down year for the markets, with the S&P 500 down 4.38% in 2018, the first down year for the benchmark since 2008. The index is up again in 2019 with a gain of 23.16% YTD through the end of October. So far, 2019 has been an … [Continue reading]

Social Security and Working – What You Need to Know

In today’s world of early or semi-retirement, many people wonder when they should begin taking their Social Security benefits. The combination of Social Security and working can complicate matters a bit. You can begin taking your benefit as early as … [Continue reading]

How is My Financial Advisor Compensated?

Many investors do not understand how their financial advisor is compensated.  It is important that all clients fully understand how their financial advisor is compensated and how much this relationship is truly costing them. The three basic … [Continue reading]

7 Tips to Become a 401(k) Millionaire

According to Fidelity, the average balance of 401(k) plan participants stood at $103,700 at the end of the first quarter of 2019, just shy of the all-time high level of $104,300 at the end of 2017. This data is from plans using the Fidelity platform. … [Continue reading]

Annuities: The Wonder Drug for Your Retirement?

Annuities are often touted as the “cure” for all that ails your retirement.  Baby Boomers and retirees are the prime target market for the annuity sales types. You've undoubtedly heard many of these pitches in person or as advertisements. The pitches … [Continue reading]

401(k) Fee Disclosure and the American Funds

With the release and subsequent repeal of the Department of Labor’s fiduciary rules for financial advisors dealing with client retirement accounts, much of the focus in recent years has been on the impact on advisors who provide advice to clients for … [Continue reading]