
Welcome to my blog where I share ideas to help people learn about financial strategies, ideas, and solutions to most effectively manage and preserve their wealth at any stage of life.
- Are You an “Active” Participant in Your Employer Plan?Being an active participant in an employer plan can affect your ability to take a deduction when it comes to traditional IRA contributions.
- Don’t Be Afraid to Take Advantage of Retirement Tools and ResourcesI’ve said it before and I’ll say it again, but saving for retirement can seem like a daunting task for many Americans. Aside from the fact that the amount you will need for your nest egg seems to get bigger and bigger, there’s also the many current expenses people face that can make future expenses a non-existent thought. For example,…
- The IRS Making Things Confusing? No Way!The IRS recently put out some instructions regarding the 10-year payout rule, which some industry experts have interpreted as an attempt to clarify things. So things should be straightforward now, correct? Wrong! In fact, the recent attempted “clarification” by the IRS only seems to make things more confusing. When the SECURE Act was signed into law in 2019, it replaced…
- Maybe You Should Review Your Retirement Plans a Bit More This YearWhen it came to finances 2020 was not a normal year for American savers. Many people lost jobs or were out of work for long periods of time. Even those that managed to keep working may have seen hours cut or anticipated–and many times vital–bonuses never come to fruition. While 2021 is looking better than 2020 from a financial standpoint,…
- Your Emergency Fund and YouMost, if not all, financial advisors and wealth managers think it’s a good idea to have some sort of emergency fund set aside. Such funds can range from a savings account that you stash away money in every so often to investment accounts to a plan to sell off certain assets you may have to help keep you afloat during…