Objective information about financial planning, investments, and retirement plans
With the new year upon us, it’s a good time to be sure you understand the contribution rates and limits for various retirement plan options, so you can contribute as much as possible. As you look at your financial planning for 2019, you will want to … [Continue reading]
The Tax Cuts and Jobs Act passed in December of 2017 marks the biggest overhaul in the tax code in many years. One area that will be impacted under tax reform is charitable giving. While charitable contributions remain eligible as an itemized … [Continue reading]
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]
Today the stock market took another hit. The Dow Jones Industrial Average fell over 799 points or about 3.1%. The S&P 500 lost over 3.2%. An inverted yield curve, often a precursor to a recession, continued concerns about a trade war with China … [Continue reading]
According to Fidelity, the average balance of 401(k) plan participants stood at $104,000 at the end of the second quarter of 2018, just shy of the all-time high level of $104,300 at the end of 2017. This data is from plans using the Fidelity … [Continue reading]
Saving for retirement is a major undertaking for most of us. Increasing healthcare costs and longer life expectancies make the hill a bit steeper to climb each year. Health savings accounts (HSA) provide another vehicle to save for … [Continue reading]
For those of you who are self-employed it is important that you save for your own retirement. Building a business is hard work. For business owners who work solo, or who have a spouse and/or a partner in the business with them, a Solo 401(k) may be … [Continue reading]
Investment expenses reduce your investment returns. While nobody should expect investment managers, financial advisors or other service providers to offer their services for free, investors should understand all costs and fees involved and work to … [Continue reading]
The new tax law (Tax Cuts and Jobs Act) passed in December of 2017 marks the biggest overhaul in the tax code in many years. The impact of these changes is far reaching and will impact most of us in some way. As we are now over half-way through … [Continue reading]
Last year was a strong year for the markets, with the S&P 500 Index up almost 22% in 2017. The new year has started out a bit differently, though with the S&P 500 recording a gain of only 2.59% though the first half of 2018. It's been a bumpy … [Continue reading]
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