Paying for a Child’s College During Retirement

Whether you’re getting ready to retire or already there, tapping your retirement savings to help pay your child’s college expenses may be a decision you’ll regret. It even could be one your child eventually regrets. It’s an emotionally charged issue with a lot of potential “guilt” baked in. Before acting, think this one through. College … Continued

Millennials Are More Prepared for Retirement than Other Generations

When it comes to retirement—and saving and investing in general—millennials often get a bad rap, thanks to the FOMO (“fear of missing out”) phenomenon and their perceived weakness for avocado toast. The reality, however, is that the younger generation is giving older Americans a run for their money as they plan for the future. Millennials: … Continued

What to Expect from Social Security in 2018

If you are already receiving Social Security benefits, you will see a cost-of-living adjustment, or COLA raise, beginning in January 2018. Some additional changes are being made that will affect how much you will receive next year. For those still paying into Social Security, other changes to the program will have an impact on the amount … Continued

Roth IRA or 457 Retirement Plan?

If you’re a state or local government employee, you’re probably eligible for a 457 retirement plan. So how does it compare to a Roth IRA? What Is a 457? While most employees will have access to a 401(k) plan through their employer, some businesses and organizations have other types of retirement plans. Nonprofits can offer … Continued

What Inflation Does to $1 Million

The cliché is true – times have changed. What used to be financial badges of honor are no longer all that impressive, thanks to inflation. If you’re older than the average Millennial you probably remember when being a millionaire meant that you were the elite of the elite: You had arrived. You were invited to … Continued

Social Security Earnings Record: What You Need to Know

Social Security is a cornerstone of most Americans’ retirement plans. And with most workers woefully behind on their retirement savings, Social Security could be the only thing that keeps some people’s financial heads above water. Since you’re reading this website, that’s most likely not you. But it’s important for everyone to take an active part … Continued

Saving for College: 529 Plan vs. Roth IRA

Unless you want your children graduating from college with five or six figures’ worth of debt, saving for college from the time they’re born is essential. There are a variety of ways to do that, but two of the more common ways are to use a 529 plan or a Roth IRA. Here’s a look … Continued

11 Important Questions to Ask Your Retirement Advisor

Before you decide on a retirement advisor, you should make sure you will be getting the services you require and the advice you need. The best way to do that is to ask the right questions. If the answers are unsatisfactory or incomplete, you may want to continue the search. Your retirement is far too important … Continued

Why You Should Max Out Your HSA

Do you have a high-deductible health plan (HDHP)? If so, you are probably eligible to contribute to a health savings account (HSA), which some are calling an IRA on steroids. These accounts are seriously worth considering. Here’s why. A Triple Tax Advantage An HSA account can be better than an IRA because it offers a … Continued

Mistakes to Avoid with a Roth IRA

Patience, they say, is a virtue. And for investors, the Roth IRA may be the best proof – provided you follow the rules. First introduced in 1998, these accounts not only offer tax-deferred growth, but also the ability to make tax-free withdrawals after the age of 59½. If you earn less than the yearly income … Continued