RSSCategory: Articles

Jan

25

The Latest on Social Security

Recipients get a raise in 2015. Ideas for reform are numerous. Social Security benefits are increasing 1.7% in 2015. This marks the fourth straight yearly cost-of-living adjustment, following a 1.5% COLA for 2014.1 Next year, the average monthly Social Security payment for a single retiree increases by $22 to $1,328. The average retired couple will […]

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Jan

17

The Stock Market Is Up & I Am Not … Why?

Remember that the major indices don’t represent the entirety of Wall Street. This past year we constantly heard the media reporting that the “market” is up, referring to the S&P 500. When it’s the S&P, everyone notices. They notice due to the media spotlight, and because it makes up a disproportionate percentage of many poorly […]

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Jan

12

Should You Apply For Social Security Now…or Later?

When should you apply for benefits? Consider a few factors first. Now or later? When it comes to the question of Social Security income, the choice looms large. Should you apply now to get earlier payments? Or wait for a few years to get larger checks? Consider what you know (and don’t know). You know […]

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Jan

5

Accentuating the Positive

Retiring? Saving for retirement? Here’s some good news. Are 90% of articles written about retirement pessimistic? Sometimes it seems that way. Repeatedly, we are reminded that most baby boomers haven’t saved enough for the future. There’s no denying this, but the media is giving short shrift to other, more positive developments that may be improving […]

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Dec

15

Getting Financially Fit for Retirement at 50

Things for trailing-edge boomers & Gen Xers to consider. When you turn 50, retirement starts to seem less abstract. In terms of retirement planning, a 50th birthday can act as a wake-up call. It may offer a powerful reminder to trailing-edge baby boomers and Gen Xers, many of whom are wrapping up their second act […]

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Dec

8

IRS Raises Retirement Plan Contribution Limits

Roth & traditional IRAs won’t get 2015 COLAs, but other plans will. A little inflation means a little adjustment. As the Consumer Price Index is up 1.7% over the last 12 months, the federal government is giving Social Security benefits a 1.7% boost for 2015 and lifting annual contribution limits on key pension plans as […]

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Dec

1

New IRS Ruling on Rollovers of After-Tax Amounts

Notice 2014-54 clears up ambiguity & opens the door to tax-free Roth conversions. Do you contribute to a qualified retirement plan at work, such as a 401(k), 403(b) or 457 plan? Does your account have a large balance? If so, you’ll be glad to hear about a new IRS ruling that may give you a […]

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Nov

24

Four Words You Shouldn’t Believe

These are the words that make investors irrational. “This time is different.” Beware those four little words. They are perhaps the most dangerous words an investor can believe in. If you believe “this time is different,” you are mentally positioning yourself to exit the stock market and make impulsive, short-sighted decisions with your money. This […]

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Nov

17

The Market’s Wild Swings

What’s next as earnings season gets underway? During the past few weeks, volatility ruled Wall Street. In fact, stocks either fell or rose 1.5% or more on three consecutive trading days. That had happened only 54 times since 1928.1 What prompted these ups & downs? Several factors. The International Monetary Fund just cut its global […]

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Nov

3

Financial Considerations for 2015

Is it time to make a few alterations for the near future? 2015 is less than two months away. Fall is the time when investors look for ways to lower their taxes and make some financial changes. This is an ideal time to schedule a meeting with a financial, tax or estate planning professional. How […]

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