How Can You Make Your Retirement Money Last?

All retirees want their money to last a lifetime.  There is no guarantee it will, but, in pursuit of that goal, households may want to adopt a couple of spending and investing precepts. One precept: observing the 4% rule. This classic retirement planning principle works as follows: a retiree household withdraws 4% of its amassed retirement […]

The Chapters of Retirement

The Chapters of Retirement The five phases of life after 50 & the considerations that accompany them.   The journey to and through retirement occurs gradually, like successive chapters in a book. Each chapter has its own things to consider.   Chapter 1 (the fifties). At this stage of life, retirement becomes less like a […]

The New Gradual Retirement

Working a little (or a lot) after 60 may become the norm. Do we really want to retire at 65? Not according to the latest annual retirement survey from the Transamerica Center for Retirement Studies which gauges the outlook of American workers. It found that 51% of us plan to work part-time once retired. Moreover, […]

The Psychology of Saving

The Psychology of Saving   How many households have the right outlook to build wealth?   Provided by M. Zachary Zinser   Why do some households save more than others? Building household savings may depend not only on cash flow, but also on psychology. With the right outlook, saving becomes a commitment. With a less […]

IRS Raises Retirement Plan Contribution Limits

IRS Raises Retirement Plan Contribution Limits Roth & traditional IRAs won’t get 2015 COLAs, but other plans will.   Provided by M. Zachary Zinser   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% […]

New Investment Tax Starting in 2013

With the Supreme Court’s ruling that the Patient Protection and Affordable Care Act (PPACA) is Constitutional, we will now probably have daily updates on some of the new laws that this massive bill has implemented.  One of these is the new investment tax starting in 2013. “The new tax, which Congress passed in 2010, affects […]

Individual Retirement Accounts

One question that we often get asked is what retirement plan is available to me? Since every situation is specific to that individual I’ve attached a comparison of three different options for individuals. As always, you want to contact your CPA to determine which plan is best for your personal needs. Regular IRA vs. Roth […]