The Republican Tax Reform Plan

The Republican Tax Reform Plan

Major changes may be ahead for federal tax law. At the start of November, House Republicans rolled out their plan for sweeping tax reforms. Negotiations may greatly alter the content of the bill, but here are the proposed adjustments, and who may and may not benefit from them if they become law.     The corporate […]

Understanding Inherited IRAs

Understanding Inherited IRAs

At first glance, the rules surrounding inherited IRAs are complex. Here are some questions (and potential answers) to consider if you have inherited one or may in the future.     Who was the original IRA owner? If the original owner was your spouse, you have a fundamental choice to make. You can roll over your […]

Will Debt Spoil Too Many Retirements?

Will Debt Spoil Too Many Retirements?

The key points of retirement planning are easily stated. Start saving and investing early in life. Save and invest consistently. Avoid drawing down your savings along the way. Another possible point for that list: pay off as much debt as you can before your “second act” begins.    Some baby boomers risk paying themselves last. […]

Life Insurance is Probably Cheaper Than You Think

Life Insurance is Probably Cheaper Than You Think

According to a new study, 41% of Americans lack life insurance coverage. The 2017 Insurance Barometer Study, conducted by the non-profit organizations LIMRA and Life Happens, also discovered that while 84% of Americans felt life insurance was appropriate for most people, just 70% thought it was a good idea for them.1   What is preventing […]

Managing Money Well as a Couple

Managing Money Well as a Couple

When you marry or simply share a household with someone, your financial life changes – and your approach to managing your money may change as well. To succeed as a couple, you may also have to succeed financially. The good news is that is usually not so difficult.   At some point, you will have […]

Little Things that May Help Your Retirement Savings

Little Things that May Help Your Retirement Savings

Saving for retirement takes decades and demands the investment of significant amounts of your income. As this major effort unfolds, you should recognize that some subtle factors and seemingly minor decisions could end up making a sizable and positive impact on your financial future.        Your investment yield may be less important than the […]

Retiring Before 60?

Retiring Before 60?

How could you retire in your 50s by choice? You will need abundant retirement savings and ways to access your retirement assets that lessen or avoid early withdrawal penalties. You may also need to have other, sometimes overlooked, components of retirement planning in place.  There are ways to tap retirement savings accounts before 60. True, […]