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]
The Super Bowl and Your Investments
February 4, 2021 by 5 Comments
Tampa won one of the more boring Super Bowls in recent memory. As investors, let's hope the Super Bowl Indicator is accurate for 2021. For more see below. It’s Super Bowl time and once again my beloved Packers are not playing for the tenth … [Continue reading]
401(k) Fee Disclosure and the American Funds
January 16, 2021 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]
Retirement Plan Contribution Limits 2021
December 7, 2020 by 2 Comments
With the new year upon us, it’s a good time to be sure you understand the contribution limits for various retirement plan options so you can contribute as much as possible. As you look at your financial planning for 2021, you will want to maximize … [Continue reading]
Small Business Retirement Plans – SEP-IRA vs. Solo 401(k)
November 16, 2020 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]
Review Your 401(k) Account
November 8, 2020 by 3 Comments
For many of us, our 401(k) plan is our main retirement savings vehicle. The days of a defined benefit pension plan are a thing of the past for most workers and we are responsible for the amount we save for retirement and how we invest that … [Continue reading]
4 Benefits of Portfolio Rebalancing
August 22, 2020 by 14 Comments
The past couple of years have been a roller coaster ride in the stock market. The S&P 500 lost 4.38% in 2018 mostly from a poor fourth quarter performance. The market recovered nicely in 2019 with the index posting a 31.49% total return for the … [Continue reading]
7 Tips to Become a 401(k) Millionaire
July 19, 2020 by 18 Comments
According to Fidelity in an update released in February of this year, the average balance of 401(k) plan participants stood at $112,300, up 7 percent from the balance at the end of the prior quarter. This data is from plans using the Fidelity … [Continue reading]
8 Portfolio Rebalancing Tips
May 25, 2020 by 6 Comments
In light of the recent stock market volatility, it’s important to review your asset allocation and consider rebalancing your portfolio if needed. This post looks at some ways to implement a portfolio rebalancing strategy. Here are 8 … [Continue reading]
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