The passage of the Secure Act in 2019 has led to some dramatic shifts in retirement plans. Of particular note, the law allowed for annuities providing guaranteed lifetime income to be incorporated into 401(k) and 403(b) plans. Such products enable plans to more closely resemble traditional pension plans. The proposed LIFE Act would allow plan […]
Read Morefinancial literacy is costing americans A recent study done across several different age groups throughout the country revealed a troubling finding about financial literacy among Americans. The study, which surveyed a total of 3,389 adults, showed that the average adult loses about $1,389.06 annually due to a lack of financial knowledge, including personal finance and […]
Read MoreRetirement Bucket Strategy The main goal of most investors is to garner enough money in the market to fund their retirement years. Yet, many investors are unsure of how to properly pull money out of their accounts once they’re actually in retirement. The retirement bucket strategy is one of the many withdrawal strategies that investors […]
Read MoreCompass pointing to “INSURANCE” Annuities and perpetuities are insurance products that make payments on a fixed schedule. An annuity makes these payments over a fixed period of time and then ends. A perpetuity makes these payments indefinitely. Here’s what you need to know about these insurance products. Estate planning can be complex, partly because your […]
Read MoreThe joys of self-employment are many, but so are the stressors. High among those is the need to plan for retirement entirely on your own. You are in charge of creating a satisfying quality of life post-retirement. When it comes to building that life, the earlier you start, the better. Luckily, there are several retirement […]
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