Protect Yourself and Your Savings From Bad Info

Retirement plans and the tax laws that govern them can be intricate and complex. Furthermore, the recently passed SECURE legislation has forced many wealth managers, financial advisors, and tax experts to relearn how some retirement plans work and the best strategies to deal with the changes. It’s no surprise then, with all that, even professionals can occasionally get confused and give incorrect advice. While we work tirelessly to ensure that we are knowledgeable of all the retirement account-related laws and regulations that impact our industry and the people we serve, we aren’t completely infallible. Sometimes we have clients come to Continue reading Protect Yourself and Your Savings From Bad Info

Do You Understand Your Employer Retirement Benefits?

Many companies offer retirement benefits. Those benefits can range from simply offering 401(k)s to a wide range of financial resources that can include financial planning and multiple retirement account options. Furthermore, with legislation working it’s way through Congress that could allow small businesses to band together to offer retirement savings plans, more Americans could find themselves working for an employer that offers such benefits. Regardless of the size of the company you work for, if you are taking advantage of any employer offered retirement benefits, you need to make sure that you understand what those benefits entail and what their Continue reading Do You Understand Your Employer Retirement Benefits?

Drowning Out the Noise

If your nest egg consists of stocks (or mutual funds or ETFs), do you watch CNBC to get strategy and investment ideas? Does must-see TV for you include Fox Business or Bloomberg TV? While it’s all well and good to get perspectives and ideas from the pundits and talking heads on TV, you should be careful about taking it as gospel. It can be tempting to act on a claim regarding what the markets will do next or where the next hot stock will come from. However, you need to to avoid letting that cloud your judgment or impact your Continue reading Drowning Out the Noise

Good IRA Owners Update Beneficiary Forms

In my last blog post, I talked about the importance of doing a thorough review of your retirement accounts and plans at least a few times a year. Today, I’m going to focus on making sure your retirement account beneficiary forms–as well as insurance policy beneficiary forms–are up-to-date. This is very important as outdated or incomplete beneficiary information can cause a lot of pain for family and friends when it comes to distributing your estate. Incomplete or outdated beneficiary information can lead your accounts to fall into probate or, worse yet, lead to fighting and distruption among family and friends. Continue reading Good IRA Owners Update Beneficiary Forms

Make Sure You Read Efficiently and Effectively

Thanks to the Internet, you can read up on just about every topic imaginable (thanks for choosing my blog at this moment! lol.). With all those words out there to read, how do you know that you are reading efficiently and getting the most out of what you are reading? The key is to get good and useful information out of what you read. There are a few ways to do that. First, you will want to to vet the sources that you are reading. What appears when you do a Google search of the source? Is the sources you Continue reading Make Sure You Read Efficiently and Effectively

Protecting Your Tax Return Information

Tax returns are a popular target for scammers and identity thieves. The information provided on your tax return contains lot of private information about you and your family (i.e. Social Security numbers, income, business information, etc.), which can make it easy for criminals to steal your identity. While identity theft and the improper disclosure of tax return information is taken seriously by the government and law enforcement, that doesn’t mean it can’t or won’t happen to you. Thus, you should take your own steps to protect your information. If you have paper copies of your tax returns, make sure that Continue reading Protecting Your Tax Return Information

Revamping Your Retirement Decision Info

The beginning of the new year can be a great time to review where you get your retirement saving and planning information. You can use the time to review just how effective or efficient the resources you currently use are as well as explore new sources of information. If you are looking for new online resources, a new Google search might turn up blogs and websites that provide information that can supplement what you are already using. If you have been considering switching financial advisors or planners, now is a good time to do so as well. If you are Continue reading Revamping Your Retirement Decision Info