By now you know, on December 31, 2019, China reported a cluster of cases of pneumonia in people associated with the Huanan Seafood Wholesale Market in Wuhan, Hubei Province. A week later, Chinese health authorities confirmed that this cluster was associated with a novel coronavirus now identified as COVID-19. By January 30, 2020, a total […]
What happens if you’re in an accident and can’t communicate? Or if you suffer a brain injury and need funds transferred to pay your mortgage? You may be wishing you’d executed a Durable Power of Attorney (POA). A Durable POA allows you to appoint someone as an “agent” to step in and handle your finances […]
On December 20th, a significant piece of retirement planning legislation was quietly passed into law, incorporated into the spending and tax extenders bill. The Setting Every Community Up for Retirement (SECURE) Act is focused on aiding Americans’ ability to save for retirement. It seeks to address flaws in the system which have contributed to the […]
When you turn 72 (age 70.5 if born before July 1, 1949), you are required to withdraw funds from your traditional IRA. The amount, your Required Minimum Distribution (RMD), is calculated based on your age and account balance. This distribution, like all other withdrawals from a Traditional IRA, is taxable. Roth IRAs on the other […]
When building an investment portfolio, we often spend a lot of time on what specific asset classes will make up the “investment pie.” Determining the right mix of asset types, namely stocks and bonds, to help maximize profits while minimizing risk is what we refer to as Asset Allocation. The idea is to strike the […]
Help them Discover who they want to be in retirement. Help them Plan for their future. Help them Live free of the stress of financial uncertainty. Great efforts are made to enroll employees in company-sponsored 401(k) and 403(b) plans. But what happens next? Oftentimes, not enough is done to help participants re-assess their savings goals and investment decisions after enrollment. What about the employees […]
When we’re able to pause and catch up with our family members, conversations often revolve around “safe” commonalities such as family, sports, entertainment, health, and relationships… maybe even gossip! Occasionally, taboo subjects find their way into these conversations. You know the type: politics, religion, and money. When it comes to money, the conversations usually remain […]