Category: Uncategorized

Greetings! I trust that this will find you well and enjoying life. You raised them, helped them get through school, and now your children are on their own. Or are they? Even adult children sometimes need financial help. But if your child asks you for a loan, don’t pull out your…

Greetings! I trust that this finds you well and enjoying life. Before you retire, take the time to figure out just how much money you’ll need for retirement. One of the biggest concerns for retirees is whether their retirement savings will last the rest of their lives, will they run out…

Greetings! I trust that this will find you well and enjoying life. Your employers sponsored retirement savings plan is a convenient way to help you accumulate money for your retirement. Using payroll deductions, you invest for your future automatically, following that off noted advice to “pay yourself first.” But choosing to…

Greetings! I hope this finds you well and enjoying life. Different types of investments are subject to different types of risk. On days when you notice that stock prices have fallen, for example, it would not be unusual to see a rally in the bond market. Asset allocation refers to…

Greetings! I trust that this will find you well and enjoying life. In case you haven’t heard (ha) it’s a presidential election year and those are always important years. I’m not going to bend your ear about who to vote for and why to vote for them. I figure you…

Greetings! I trust that this finds you well and enjoying life. Last week I wrote about distributions from traditional IRAs. This week let’s examine the particulars of withdrawing from Roth IRAs. You are free to make withdrawals at any time from your Roth IRA, but only qualified distributions receive tax-free treatment. A…

Greetings! I trust that this finds you well and enjoying life. You may have assets in accounts that are taxable (e.g., CDs, mutual funds), tax-deferred (e.g., traditional IRAs and 401(k)s) and tax-free (e.g., Roth IRAs and Roth 401(k)s). Given a choice, which type of account should you withdraw from first?…

Greetings! I trust that this will find you well and enjoying life. Last week we looked at the effect media bombardment has on our emotions and quite possibly our decision making regarding our finances. We’re getting a big dose of information that’s tough to digest thus far this year. Consider…

Greetings! I trust that this will find you well and enjoying life. We live in an era of hyper information and we are well served to examine the effect it has on us. Media sources are vying for our attention and will go to almost any length to gain our…

Greetings! I trust that this will find you well and enjoying life. The question often is, is there a biggest mistake people make when approaching retirement? In my opinion, there is a mistake that involves the biggest possible consequences. Many people in their 50s and beyond are making a serious mistake and…