The first wave of Baby Boomers hitting age 70 ½ began in 2017. This was the age when required minimum distributions had to begin for those turning 70 ½ on or before December 31, 2019. The SECURE Act, passed at the end of 2019 has raised the age to … [Continue reading]
Managing Inflation in Retirement
January 9, 2020 by 2 Comments
Inflation has seemed tame or even non-existent in recent years. The threat of inflation, along with the potential for the Federal Reserve to raise interest rates to combat it, has contributed to volatility in the stock market from time-to-time. … [Continue reading]
How Much Apple Stock Do You Really Own?
January 5, 2020 by 4 Comments
Apple (AAPL) stock has been a great investment over the years. Based upon its stock price and the number of shares outstanding it is the largest U.S stock based upon market capitalization. This means it is the largest holding in many popular index … [Continue reading]
Social Security and Working – What You Need to Know
January 3, 2020 by 3 Comments
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]
Retirement Plan Contribution Rates and Limits – 2020
January 1, 2020 by Leave a Comment
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 2020, you will want to … [Continue reading]
Stock Market Highs and Your Retirement
December 30, 2019 by 6 Comments
After a rough year in 2018, the S&P 500 and the Dow sit in record territory. So far in 2019, stocks have staged a very nice recovery with the S&P 500 up about 29% year-to-date. These gains are in spite of the questions and issues surrounding … [Continue reading]
Retirement Plan Contribution Rates and Limits – 2019
December 2, 2019 by Leave a Comment
As we enter the home stretch of 2019, 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 the end of … [Continue reading]
Small Business Retirement Plans – SEP-IRA vs. Solo 401(k)
November 19, 2019 by 41 Comments
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]
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