The oldest Baby Boomers began reaching age 70 1/2, the age when required minimum distributions must be taken, a couple of years ago and this wave will continue. RMDs must be taken from IRAs, 401(k)s and other retirement accounts. With the end of … [Continue reading]
Small Business Retirement Plans – SEP-IRA vs. Solo 401(k)
November 17, 2017 by 39 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 business person, I know how hard you work. You deserve a comfortable … [Continue reading]
401(k) Options When Leaving Your Job
July 13, 2017 by 12 Comments
Perhaps you are retiring or perhaps you are moving on to another opportunity. Perhaps you were downsized. Whatever the reason, there are many things to do when leaving a job. Don’t neglect your 401(k) plan during this process. With a defined … [Continue reading]
Are Best Mutual Fund Lists a Good Investing Tool?
June 11, 2017 by 7 Comments
We all like to read article with lists that rank things. Top colleges, top new cars, best and worst dressed and the like are just a few lists we see periodically. Mutual rankings have been around for a while. Many top personal finance publications … [Continue reading]
Reverse Churning Are You a Victim?
June 4, 2017 by 7 Comments
One of the best things about being a freelance financial writer and blogger is that I often learn new things in the course of my writing. A reader left a comment on a post here on the blog and mentioned reverse churning. Until that time, I had never … [Continue reading]
How is My Financial Advisor Compensated?
May 31, 2017 by 3 Comments
Many investors do not understand how their financial advisor is compensated. With the initial implementation of the new DOL Fiduciary Rules mandating that advisors put their client's interests first when working with their retirement accounts upon … [Continue reading]
DOL Fiduciary Rules – What Do They Mean for You?
May 23, 2017 by 21 Comments
The Department of Labor unveiled its final fiduciary rules in April of 2016. The Trump administration had pushed the implementation of the rules back from their originally scheduled implementation in April of this year. Labor Secretary Alexander … [Continue reading]
Understanding Your Bond Fund’s Duration
March 19, 2017 by Leave a Comment
For most of the past 30 years bonds and bond mutual funds have had the proverbial wind in their sails. Interest rates have steadily headed downwards. Bond prices and interest rates have an inverse relationship. Last week, however, the Fed … [Continue reading]
Investing Seminars – Should You Attend?
March 12, 2017 by Leave a Comment
It must be the season for investing and retirement dinner seminars. I’ve received a number of these invitations in the mail recently. Typical was one from a local investment firm “___ Cordially Invites You to Attend an EXCLUSIVE Dinner … [Continue reading]
Year-End 401(k) Matching – A Good Thing?
March 5, 2017 by 16 Comments
I was reminded of the issue of year-end 401(k) matching by employers when I learned that the employer of a close relative was changing their match to the end of the year. A few years ago, AOL announced that they were moving to a year-end once per … [Continue reading]
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