3/10/2014 | 2:09 PM
Our government is at it again. The proposed 2015 budget coming from the White House includes a few modifications to retirement accounts. Most of the proposed changes reared their ugly heads in last year’s initial budget proposal, but all were eventually nixed before becoming law. One new piece of legislation, however, targets Roth IRA accounts and would require those accounts be subjected to the same annual Required Minimum Distribution rules as are traditional (pre-tax) IRA’s.
3/10/2014 | 12:00 PM
Just as doctors regularly visit conventions and lectures to update their medical knowledge, you need to continue your financial education as well.
Consulting with a financial planner can keep you abreast of new tax laws and investment research to help ensure your wealth management strategy is the most effective means of meeting your long-term financial goals. With the services of financial advisors, you can avoid impulse investments, make more informed decisions to update your strategy if your personal circumstances change and be pointed to useful research and statistics.
3/3/2014 | 2:14 PM
Good news…401(k) balances, on average, are on the uptick. While the lion’s share of this increase has been due to strong stock market returns, more and more savers are recognizing the incredible benefit of participating in their employer’s plan and, at the minimum, deferring enough to receive the employer’s matching contribution.
2/11/2014 | 11:34 AM
Speaking with your kids about money doesn't have to be tough.
Have the discussion as early as possible, and start off with simple topics. As your kids get older, give them goals to put concepts you discuss into practice, such as creating a budget for their allowance or completing chores to earn money.
Talking to your children about proactive wealth management is a lifelong task. Whether your kids are 5 years old or 17, they may need you to be a source of information on how to financially thrive.
2/6/2014 | 2:56 PM
January 2013 seems farther removed from us than just twelve months. As we entered the New Year back then, the US was teetering on the fiscal cliff, unemployment was almost 8%, Congress had just passed a tax increase, the Affordable Care Act (aka Obamacare) was gatehering storm clouds on the horizon and many market prognosticators were predicting a difficult year for stock markets.