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On December 20, 2019, President Trump signed into law the Setting Every Community Up for Retirement Enhancement (SECURE) Act. This law puts into place sweeping changes to everything from providing more access to retirement plans, raising the Required Minimum Distribution (RMD) age to 72, and removing age restrictions for contributing to Traditional IRAs. Among all...
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Back to School
In the 1986 hit comedy film Back to School, Rodney Dangerfield plays a self-made plus-size clothing magnate Thornton Melon. In the film, despite all of his success, he comes to regret not taking the words of his father, “If a man has no education, he’s got nothing”, more seriously. With his home life in disarray,...
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Residents
You have bet on yourself time and time again. This required putting in hours of studying, honing your expertise, and taking on a large financial obligation. You have done all this for a chance to practice a profession that demands the very best of you each and every day. To many residents, the end is...
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This is the final part of our series My Financial Coach Presents: History of Retirement. Click Here to start at the beginning and view our video and timeline as well.   Trouble in Pension Paradise   By the 1950s, almost 10 million American employees, or around 25% of the private workforce had a pension. In...
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History of Retirement
It is popular to think of retirement as a modern luxury. When most people think about retirement it almost feels right to think of it as an idea from the 20th century. However, I would like to show you something to help you expand on the history of retirement as something that is far older....
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It’s that time of year again, where depending on where you live, might mean freshly fallen snow, and frigid air. However, these conditions are made all the more tolerable with the trappings of the season such as the warmth of crackling wood in the fireplace and a mug of hot cocoa. Regardless of where you...
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Unfortunately, you actually can’t turn coal into a diamond. However, both share such closely related chemical make-ups that such statements almost seem accurate. From a certain point of view, there is at least some metaphorical truth to this statement as coal’s value is in the eye of the beholder. On a frigid winter night, a...
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We live in an age of technology, and the financial services industry is no stranger to these advancements. Chances are you have already benefited from these advances such as by registering your bank account or 401(k) online so that you can readily view your account balances. In an age of technology, convenience is key, and...
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By this time you’ve seen Christmas slowly creeping around the corner. You can see it on the displays at the end of grocery store aisles, Christmas trees planted in the center of an office building’s lobby, or your local waving mall Santa, Christmas season has arrived. However, Christmas was not always the event it is...
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Congratulations, you did it! Your discipline and dedication to automatically investing through paycheck deductions, and regular savings has resulted in being able to reach your goals and retire. Unfortunately, there may be a hidden downside if you have not been careful in where you invested, as you may get a much larger tax bill than...
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