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 …
The new year was off to a good start for the S&P 5001. Even with the Coronavirus scare over the past few days, and a brief sell-off of about -2.5%, the market appeared to be bouncing back fairly quickly (FastTrack data). However, today (January 31, 2020) the move downward continued, …
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 …
The new year means that one-fifth of this century is already history! For me (and I suspect some of you as well), it seems like just yesterday that we were ringing in the new century and waiting for the lights to go out because of Y2K. Now we are on …
And that’s a wrap on the second decade of the 2000s, and welcome to the “roaring 20s!” Year-end is a great time to review the good, the bad, and where you want to go into the future. We like to work on our balance sheets at this time of year, …
I recently was on a community call hosted by one of my mentors, Susan Bradley (founder of the Financial Transitionist Institute), and the topic was how families navigate change during the holidays. The holidays are a time of emotional connection – which can be the source of both appreciation …
November has been a good month for the most part for the S&P 5001. For the first part of the month, there were several factors backing the move upwards (which we believe started in the middle of October). However, since Nov 8th, those same factors appear to be deteriorating. Yet, …
Fall is “Open Enrollment Period” for many companies and an excellent time to revisit your employee benefits. Are you getting the most out of the options your employer is offering to you? Here are my top 5 tips on what to consider. Healthcare Tip: the H S A (Health Savings …
This month started with the S&P 5001 falling off a steep cliff, just over -4% in the first few days of October. It eventually got back to even and finally made new highs on the year (more on that later). But if previous highs this year are any indication, …
There are influential professionals, advisors, and mentors that assist us in many aspects of our lives. I’ve personally found it helpful to find people who have strong values and are committed to helping others. Knowing good questions to ask people you are considering whom to entrust and hire as an …
