7 of the Most Important Steps of Retirement Planning

Beach chair? Check. Fishing gear? Check. Map of the world with planned travel routes? Check. Retirement should be the reward for a lifetime of hard work and the chance to pursue all the things you’ve always wanted to do. Whether you want to stop working altogether (or just work a little less), you’ll need a plan to get you to the good times and offer shelter from unexpected storms. If [...]

April 1st, 2020|

IRA And Retirement Plan Changes In The CARES Act

The Coronavirus Aid, Relief, and Economic Security (CARES) Act rolled through Congress and was signed by President Trump this week. While most of the law is devoted to providing economic stimulus for businesses, a few provisions change some of the rules for retirement plans. Required minimum distributions (RMDs) are suspended for 2020. All RMDs are suspended, including those for inherited IRAs as well as traditional IRAs of those over age [...]

March 31st, 2020|

A Financial Focus: Look For Changes In Retirement Plans

It might not have made the headlines, but a recently passed piece of legislation could affect the IRAs and 401(k)s of millions of Americans beginning in 2020. So, if you have either of these accounts, or if you run a business, you’ll want to learn more. The new laws, collectively called the Setting Every Community Up for Retirement Enhancement (SECURE) Act, include these noteworthy changes: Higher age for RMDs – [...]

March 26th, 2020|

How COVID-19 May Impact Your Retirement Planning

The world has been in a panic since the outbreak of coronavirus, causing almost unprecedented market volatility. Some have been quick to compare this to the credit crisis of 2008 that lasted five years. Depending on the duration of the health crisis, I foresee it more closely mirroring the financial events that followed the attacks on September 11, 2001—sharp drop in the market that recovered relatively quickly.

March 24th, 2020|

Now’s a Really Good Time to Fund Your Retirement Plan — Despite the Stock Market Crash

Many people struggle to save for retirement, even when the economy is strong and life carries on as usual. But now that the country is deep in crisis mode, many people are suddenly struggling to keep their paychecks or manage their jobs remotely. Many are also rushing to stock up on key supplies so they're able to hunker down at home for as long as possible, and that means spending [...]

March 23rd, 2020|

Retirement Rules Are Changing; Is Your Retirement Plan Obsolete?

The retirement planning rule book is under siege. And if you haven't examined your retirement plan lately, it's likely hopelessly out-of-date. Why? America has a retirement crisis — and a budget crisis. And lawmakers are cooking up solutions to fix both problems, but with conflicting results. And that's putting retirement rules in play, threatening to foil many retirees' plans. Or at least change them. The result? Uncertainty. "People hate uncertainty [...]

March 16th, 2020|