Archive for the ‘Uncategorized’ Category

Is Your Retirement Account Protected From Identity Theft?

Wednesday, March 21st, 2018

Most retirement plans have advanced identity theft and fraud protection safeguards, and a recent Identity Force survey indicated that 68% of HR executives are actively looking at identity theft protection as an employee perk.

To determine how safe your account is, review the online fraud policies and recommendations of your retirement plan provider. Check your account balances and activity at least once a month to be sure there has been no unauthorized trading. To be extra vigilant, be sure to change your username, password and security questions every six to nine months.

Saving for health care with your 401K

Wednesday, March 21st, 2018

There is a lot of misunderstanding about what Medicare will and won’t pay for retirees’ health care. Your 401(k) plan is a great tool for employees to use to save for these expenses, and the 401(k) meetings are a good time to discuss this topic.


Deciphering Investment Risk & Reward

Monday, March 19th, 2018

Over the course of my 18-year career in the financial services industry I have met many investors and based on our conversations, I can confidently state that only about half of them actually know what they have invested in. However, what is even more alarming is, their incomplete understanding of the risks associated with their investments. Risk and reward are two key components in understanding the type of investment you should be considering. (more…)

Dreaming of a Royal Retirement?

Tuesday, March 13th, 2018

Cash flow is king when thinking about your financial future

Cash flow is like the water in the moat surrounding a successful retirement. It’s an essential element  of financial planning that can help you defend your castle against unexpected expenses, coffer-raiding or overspending. Cash flow planning combines five interdependent activities: setting goals, establishing an emergency fund, calculating your net worth, recording expenses & communicating your wishes to your loved ones — the five elements of cash flow planning.

Look from the Tower: Set Goals
It’s impossible to plan without having a goal in mind. When it comes to your future finances, start with the basics, whether it’s to pay down school loans or to establish a three-month emergency fund. (more…)

Traditional vs Roth 401K

Thursday, March 8th, 2018

Did you know that both a traditional and Roth 401(k) allow you to contribute regularly for retirement?

With a traditional 401(k), you don’t pay taxes in the year you put it into the account. You will have to pay income tax on your contributions and earnings when you take the money out. With the Roth option, you pay taxes on the money before it goes into your account, but you generally won’t be taxed on your contributions or gains if you take a withdrawal after five years.

Think Before You Give

Monday, February 12th, 2018

Think before you give: Four situations where you may not want to split everything evenly among children.

During my childhood, the holiday season was the main time my relatives gathered together, both immediate and extended family. Most times it was at my nanna’s house with all my cousins – sixteen of us squeezed around two tables [the adults’ table and the kids’ table], enjoying a meal, having a laugh and perpetuating a great family tradition. (more…)

Getting the Message: Younger 
Workers “Crushing It” 

Tuesday, January 30th, 2018

When it comes to saving, workers under the age of 52 seem to get it. Millennials and Gen Xers seem to be acting on the message that saving for retirement should be a priority.

Among this group, those who are saving 90% or more of the maximum allowed by the Internal Revenue Code in their 401(k) account say retirement is one of their main savings goals. In fact, more than twice as many pointed to retirement as their savings goals than said the same about raising a family, which came in at 40%.

What To Know About Medicare Eligibility

Tuesday, January 30th, 2018

Many have said they look forward to the day Medicare takes over all of their health care expenses in retirement. Others are concerned because they understand they will still have health care costs once they retire. (more…)

Eight Habits Of A Wealthy Person

Monday, January 15th, 2018

Lots of articles are being written that clearly show the rich are getting richer. They also describe how the middle class [meaning the majority of us] are working harder and longer than we did a decade ago but, ironically, have less disposable monthly income. There is an ever-expanding gap between the wealthy and the middle class, and the increasing number of “have nots” is never a good sign for the economy. (more…)

Mixing It Up: Income Planning

Tuesday, January 9th, 2018

Here’s a primer on how to tap various sources of income in retirement.

To enjoy a long and comfortable retirement, you may need to balance multiple types of income streams in your retirement portfolio. This could help you achieve the most advantageous mix of investment growth, income and tax control that’s appropriate to your risk tolerance, income horizon and goals. These streams can come from the following types of investments: