Are You Really Maxing?

Did you know there’s a difference between “getting the max employer match” in your 401k and “maxing” your 401k contributions?  I often hear this used interchangeably, but the differences are significant! How significant?  Try this: the MAXIMUM employee contribution to a 401k plan for 2020 is $19,500 if you are …

3 Key Elements for Post-Pandemic Confidence

I recently read a survey about investor satisfaction levels with their financial advisors.  The interesting twist was how sentiment has changed, pre- and post- (well, current, anyway) the COVID pandemic. The article’s slant was that investors are less satisfied with their advisors now (“post” pandemic) than they were in January, even …

Circuit Breakers

Many of you are probably familiar with the concept of a circuit breaker.  It’s a safety device that shuts off the flow of electricity when the system senses something could be going wrong.  The effect is to save the electrical system from damage which can be potentially caused by overload …

Portfolio Pay Cut

Many people are curious about how they get money from their retirement accounts once they have stopped working.  This month, I wanted to help illustrate how distributions work, and the effects that unplanned distributions can have on a retirement portfolio. Let’s say you saved a nest egg of $250,000 in …

Special Bulletin: Newly Passed SECURE Act May Impact You

On December 20, 2019, the SECURE Act (Setting Every Community Up for Retirement Enhancement) was signed into law, bringing with it significant changes to the retirement planning landscape.  We believe some of the changes are positive, and some are not.  If you have a qualified retirement account (and most of …