How do you plan your retirement? Goals based or settling? During the retirement classes I teach I often find most participants have not given any thought to their income goal in retirement. Instead, they are focused on calculating what their FERS or CSRS annuity will provide, Social Security benefit and the amount they need to […]
A 401(k) is a fabulous tool for savvy retirement savers, and it’s a great idea to get a jump on your retirement contributions early in the new year. With the beginning of 2021 comes a fresh start on a lot of financial things, so be sure you know the 401(k) rules for 2021 in order […]
Rebalancing Your Portfolio Everyone loves a winner. If an investment is successful, most people naturally want to stick with it. But is that the best approach? It may sound counterintuitive, but it may be possible to have too much of a good thing. Over time, the performance of different investments can shift a portfolio’s intent […]
What’s most important about the legislation is what’s not in it. It does not extend the CARES Act provisions for coronavirus-related distributions (CRDs) beyond December 30, 2020 and does not extend the RMD waiver beyond 2020. The new law does include retirement plan disaster relief for non-COVID-19 disaster declarations. The relief is the same as […]
As the United States sees a rise in cases of COVID-19 across the nation, news of two promising vaccines out of hundreds being tested has offered a ray of hope for a fatigued world.1 A positive reaction to these vaccines affects every aspect of human life, including the financial world. On Monday, November 16th, The […]