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American workers are contributing more to their 401(k) plans
According to the most recent report published by the Plan Sponsor Council of America, American workers have been contributing a greater share of their salaries to their 401(k) plans’ accounts. Savers stashed away roughly an extra percentage point of their salaries…
ABLE accounts let the disabled save without risk of losing essential benefits
ABLE accounts, also known as 529 A savings accounts, let the disabled plan, dream, and save big without risking essential federal benefits. Until 2014, when ABLE accounts were signed into law under the same tax code as 529 college savings…
Are you prepared for retirement? If not, here are some suggestions
A lot of people are unprepared for retirement. Some people get there and realize they don’t have enough saved or simply do not know what to do with their time. The attached article shares suggestions by financial advisers for what…
Are you spending your retirement money too quickly?
Since you spent majority of your life working and saving for your retirement, you want to make sure your money last as long as possible. Although each person’s planning is unique, there are some universal red flags that your retirement…
Business owners, spouses and Social Security
One of the most common questions asked by business owners is: Should they put a spouse on the payroll to make them eligible for their own Social Security benefits? In the attached article explores all the different options open to…
Keys to organizing your finances to protect yourself
This time of the year we all make a list of resolutions – maybe exercising more, eating better but did you add organizing your financial life on that list? If not, you should. Gaining a sense of control over your…
The SECURE Act makes it easier for Americans to save for retirement
The SECURE Act, a new law signed by President Donald Trump, will have a significant impact on how Americans save for retirement. The SECURE Act, “Setting Every Community Up for Retirement”, removed some of the hurdles that keep people from…
A few steps to help you create a rainy-day fund
According to the Federal Reserve’s report on the economic well-being of U.S. households, four out of ten adults in the U.S. would struggle to come up with $400 in cash for an emergency, a two percentage-point increase from 2017. The…
Four retirement planning rules to consider
Majority of us look forward kicking back and enjoying our retirement. However, if you do not plan for it, you can end up cash-strapped and miserable. In Maurie Backman’s article, she outlines four important retirement planning rules you should take…
Changes to Social Security in 2020
Do you know what’s new for Social Security in 2020? There are at least three changes you should be aware of they are: higher payroll taxes, larger benefits and a promise of improved customer service. In Mary Beth Franklin’s column,…