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]
5 Reasons to Consider a Solo 401(k)
November 18, 2019 by 9 Comments
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]
Health Savings Accounts – The Other Retirement Plan
September 25, 2019 by 14 Comments
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]
How is My Financial Advisor Compensated?
August 26, 2019 by 3 Comments
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
August 1, 2019 by 18 Comments
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?
July 25, 2019 by 12 Comments
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
July 10, 2019 by 45 Comments
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?
March 8, 2019 by Leave a Comment
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
February 4, 2019 by 5 Comments
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?
January 28, 2019 by 2 Comments
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]
Recent Comments