Every time I sit with a new prospective client or do a group presentation on retirement, I start with the following two questions: First, “How many of you are currently taking advantage of your employer offered 401k (private/public), 403B (specific for public school educators) or 457 (governmental employees typically police and fire)?” The usual response…
401k/403B Explained Read More »
Did you know that the IRS allows contribution into your Traditional and/or Roth IRA’s for 2021 all the way up to April 15th, 2022? Why is that important? The additional 3 and halves months the IRS allows for prior year contributions can be a huge opportunity if you properly take advantage. If whatever reason you
Did you max out your IRA? Read More »
Under normal circumstances, election years always provide some added volatility to overall stock market performance. Throw in this years COVID pandemic, and predictably so, the market has been rockin’ and rollin’ leading up to this election. But what can you, as the investor, do in these unpredictable times? Looking back on history, we can understand that
Stock Market Performance and Elections Read More »
Understanding the basics of the United States Progressive Income Tax Rates is a critical piece of information when formulating any type of short-term and long-term financial plan. Many folks have the misconception that the higher your income, the more you will pay in income tax thus actually lowering your take home (net) pay. That’s not
US Federal Progressive Income Tax Rates and Investing Read More »
Understanding employer retirement benefit options such as 401k’s and their public employee counterpart 403b’s/457’s is an extremely important aspect to consider. Unfortunately, too many employees do not to take full advantage of these benefits. The challenges might range from lack of information and education about the investment options to truly grasping the long-term benefits of
Contributing to a 401K/403B Read More »
This question has come up quite often during the past few months due to the Covid-19 pandemic. With many companies forced to shut down or even worse go out of business, many folks have been left scrambling. There are some short-term and long-term consequences when considering what one should do with a former employer’s 401k.
What should I do with my former employer’s 401K? Read More »
Due to the Coronavirus, the market has been significantly volatile over the past few months, After the initial mini-crash in mid-March, the market has rebounded amidst very uncertain times. Depending on which expert you listen to, things are going to be great or there is another recession on the horizon. The facts of the matter
Avoid Investing Emotionally Read More »
Many employers today offer a 401k to its employees. The benefits of a 401k is it’s allows the employee to set aside income towards retirement before taxes. This means that the employee’s earned taxable income is reduced. The Revenue Act of 1978 added a provision to the IRS code (section 401(k). This code allowed for
Should I use my 401k or an IRA? Read More »
