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]

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]

The Bull Market Turns 10 – Now What?

On March 9, 2009 the market downturn fueled by the financial crisis bottomed out as measured by the S&P 500 Index. On that day the index closed at 677. As we approach the tenth anniversary of the ensuing bull market, the index closed at 2,749 on … [Continue reading]

The Super Bowl and Your Investments

Update, with the Patriots' win yesterday the indicator says the markets should have a down year in 2019. As I mention below, the indicator has been wrong for three years running, as investors let's hope for a fourth year. It’s Super Bowl time and … [Continue reading]

Will my Social Security be Taxed?

Contrary to what some politicians might say, your Social Security benefits are not an entitlement. You’ve paid Social Security taxes over the course of your working life and you’ve earned these benefits. Many retirees and others collecting Social … [Continue reading]