fbpx

Retired? A Few Things to Consider When Buying a New Home

If you are nearing retirement age or you are already retired, then it is important to consider the type of home that you want to enjoy during your retirement years. Many people are surprised by their home preferences as they get older, and these are a few of the top requirements of retired home buyers: […]

You Are A Sole Proprietor: How About A Solo 401(k)

I am seeing more and more people quit the corporate America lifestyle and venture into becoming their own business owner.  This shape of a business owner can be a freelancer, consultant, or someone who actually starts up a ‘brick and mortar’ operation.    Many of these folks will ask questions about whether they should incorporate their business, which I have discussed in other articles.    Once they become profitable, they often ask which kind of retirement plan would suit them the best.   For someone who is a sole business owner, the Solo 401(k) has been around for about a decade and provides a great alternative to helping maximize your retirement contributions.   Here’s a little history on the Solo 401(k) and how it can be a smart money move for your business. The Solo 401k came about in 2002 after Congress passed Economic Growth and Tax Relief Reconciliation Act of 2001 (EGTRRA). EGTRRA added some small paragraphs to the tax code that put forward the solo 401(k) as the preferred retirement vehicle for…

Is Your Retirement Plan Full Of Swiss Cheese

Last year, I did a piece on retirement planning assumptions.    As I continue to see more and more plans done by other financial advisory firms, I become more concerned about consumers.    Most projections that are …

Does Your 401(k) Offer An “In Service” Distribution?

For Generation X clients, the majority of their retirement savings are in the company 401(k).   While you do have a multitude of options of what you can do with your 401(k) if you leave your …

Beneficiary Designations for your IRA

What Beneficiary Designations mean and why they matter…
For most people, “estate planning” means drafting documents (such as a Last Will and Testament) that makes sure that your property is managed and distributed according to …

The Key Differences Between Index Funds & Traditional Mutual Funds

Kalen Smith writes about investing, retirement, and economic policy on Money Crashers Personal Finance.
For the sake of convenience, many investors do not look to manage their own portfolios or choose their own investments. Investors who …

Buying Resale Homes Vs. Buying Foreclosures or Short sales

As a Buyer’s Agent I am finding that most all buyers in today’s market want a DEAL! They start out wanting to buy a foreclosure or short sale because they have all heard through the media what great deals they can get that way. I try to explain to them that both foreclosures and short […]

Social Security – Take it Now Or Later?

As many baby boomers reach or near retirement, one of the questions we are always asked about is what age should someone begin taking Social Security. The answer will truly lie in the details of your personal financial situation, but here are some key considerations to think about when making the decision.
First, you really want to consider whether or not you plan to work and earn a decent living past the age of 62.

Save More For Retirement? – Think Again – 401(k) Limits

In October, the IRS will go about announcing how much you can put in your 401(k) for 2010. For 2009, the maximum contribution is $16,500 for people under 50 years old, and $22,000 for people who are over 50 years old. Generally, the calculation is based upon the 3rd quarter inflation rate vs. the inflation rate one year ago.