John Oliver did a segment on Last Week Tonight that both pokes fun at and explains the retirement savings industry in America. We know that saving for retirement is difficult for some, and recent data has shown that 2/3 of Americans aren't contributing to their 401(k)'s! Great breakdown on actively managed funds and the long-time difficulty active managers have had … [Read more...] about John Oliver on Retirement Savings
10 Timeless Financial Tips
The federal reserve raised interest rates on Wednesday by a quarter point, which is the third such rate increase in 2018. This always bring questions from investors; especially those planning for retirement. “Why is the fed raising rates and how will it affect me?” Raising rates is a show of strength in this economy. This is what the fed said: The Federal Reserve’s … [Read more...] about 10 Timeless Financial Tips
Do you have a will? You’re not alone.
Preparing for the future is one of those things everyone should do — but have you constructed a plan. Aretha Franklin, Prince, Jimmy Hendrix...assets in the Hundreds of Millions, yet no will, and their families are/were left to go through the courts to figure out how their assets can be distributed. The Queen of Soul's family is just beginning the process, and it took the … [Read more...] about Do you have a will? You’re not alone.
Need to Put Retirement Savings on the Fast Track?
I recently read an article by Carrie Schwab-Pomerantz, the daughter of legendary businessman Charles Schwab. The article addressed the question: “What do I do if I got a late start on retirement savings?” It reminded me of a meeting I had last week… While meeting with a 50 yr. old prospective client who had recently closed down his business, we began discussing a … [Read more...] about Need to Put Retirement Savings on the Fast Track?
Can you become a 401(k) Millionaire?
Recently came across this article about the study released by Fidelity on 401(k) Millionaires. Since we advise our clients on their 401(k) plans and how to maximize this benefit, wanted to share some thoughts… This article discusses the debate as to whether $1 Million is an attainable goal in your 401(k), and how, with discipline, it’s a goal that can be reached. The Fidelity … [Read more...] about Can you become a 401(k) Millionaire?