Finance
Ignore After-Tax Savings at Your Own Peril
Make sure you max out your 401(k). Fund your Roth IRA before the April 15th deadline. Remember that contributions to Health Savings Accounts (HSAs) are
How Tax-Efficient Will Your Withdraws be in Retirement? What’s Your R/D Factor™?
Planning a tax-efficient retirement income is easier when you understand the R/D Factor and how to use it to minimize taxes. The R/D Factor (R/D
Rethinking the Economics of Retirement
If you ask anyone about money for retirement, you’ll probably get guestimates all across the board for how much you need. Some financial experts use
When Should You Take Social Security?
Social Security maximization is a hot topic among retirement planners and the financial press. Maximization strategies focus on the age to draw benefits and the sequence
What is YOUR Purpose in Retirement?
Where did the idea of retirement come from? It was not that long ago that most people were fully employed in their teens and worked
A Good Plan Can Help Take the Pain out of Capital Gains
Bob and Carolyn have been retired for ten years. When Bob retired, he had accumulated a comfortable nest egg of $1.8 million. His employer had
Contributing Too Much to Your IRA Can Cost You
You are probably aware of the IRA penalty for taking money out of an IRA or Roth IRA too early. Distributions prior to age 59½
Creating an Online Social Security Account
You may be wondering what happened to the annual Social Security benefits statement you used to receive in the mail. The handy four-page statement usually
One Year From Retirement: What You Should be Doing to get Ready
Retirement is now just one year away. Let’s assume you have already addressed the big financial issue—you have enough money to retire. It is time
Are Your Heirs Ready? 3 Lessons to Teach Children About Wealth Now
Forbes recently reported that we are at the brink of the largest intergenerational wealth transfer in history1. Over the next 30 to 40 years, $30
Worried About Running Out of Money in Retirement? What the Numbers Tell Us
The yield on 10-year Treasury notes has dropped back below 2% and, at the same time, the S&P 500 Index recorded a 15-year average return
Dos and Don’ts of Retirement Planning
Planning for retirement is like running a marathon. Set a steady pace and keep going. It is also important to have a strategy in place
Data Breaches are on the Rise: How to Protect Your Personal Information
Capital One Financial Corporation confirmed that personal information was breached by a hacker accessing their customer records in July. Roughly 140,000 Social Security numbers and
Tax-Efficient Investing: Why Tax Planning and Investments Should Work Together
Long-term capital gains and qualified dividends have retained their preferential tax treatment following the Tax Cuts and Jobs Act of 2017 (TCJA). Tax rates for
Evaluating Where to Retire: Pennsylvania Vs. Surrounding States
Where do you want to live after you’ve reached financial independence? For many people, where they live is dictated by their career. That restraint ends
The Waiting Game: When is the Best Time to Begin Social Security Benefits?
Social Security gives workers the option to take benefits anytime between the ages of 62 and 70, and it offers some incentives to those who
3 Factors That Affect When to Take Social Security Benefits
One of the most important retirement planning decisions to make will be deciding when to draw Social Security benefits. It is a difficult decision in
What are the Risks Associated with Joint Bank Accounts?
Owning a bank account jointly with another individual or individuals can be a useful, convenient way to manage your finances in certain situations. However, with
The Importance Of Beneficiary Designations
Life insurance and retirement plans compose the largest part of the estate for many people. Insurance death benefits, IRAs, Annuities, and 401(k)s do not pass
Protecting Your Identity
Identity theft is a serious and very personal crime, affecting every aspect of your life. Thieves can empty your bank account, max out your credit
9 Tips to Jump Start Your Retirement
Who hasn’t fantasized about retirement? No more time clocks to punch, early-morning alarm clocks to set, rush hour traffic to fight, or uncomfortable heels or cranky early
Medicare Supplement Insurance Plans
Most seniors rely on Medicare to provide their health insurance coverage. In 2015, 16.3 percent of all people in the United States were covered by
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