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]
4 Things To Do When The Stock Market Drops
December 4, 2018 by 10 Comments
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]
7 Tips to Become a 401(k) Millionaire
November 21, 2018 by 18 Comments
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]
Health Savings Accounts – The Other Retirement Plan
October 21, 2018 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]
5 Reasons to Consider a Solo 401(k)
October 2, 2018 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]
6 Investment Expenses You Need to Understand
October 1, 2018 by 5 Comments
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]
Stock Market Highs and Your Retirement
September 20, 2018 by 6 Comments
Both the Dow Jones Industrial Average and the S&P 500 closed at record highs today. Perhaps this is due to the new tax laws passed at the end of last year. Perhaps this is a continuation of the very solid gains in the stock market that we saw in … [Continue reading]
7 Things to Know About the New Tax Law
August 13, 2018 by Leave a Comment
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]
4 Benefits of Portfolio Rebalancing
July 2, 2018 by 14 Comments
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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