retirement savings

Retirement Savings: When and when not touch them

One of the more persistent questions folks saving for retirement often face is whether or not to touch deferred financial resources (IRAs, 401ks, and earmarked savings accounts, for example, when a pre-retirement need arises. Conventional wisdom calls for leaving these…

Secure 2.0 and the Retirement Financing Gap: Some Positive News

Much has been written about the disconnect between retirement savings goals and the prospects for reaching these goals. In fact, comparing the results of a Northwestern Mutual study question on how much is needed for a comfortable retirement with the average…

Some Thoughts on Retirement Savings Planning for the Coming Year

As we look back on 2022, with its market volatility and its shifting landscape around retirement savings, one wonders what the year ahead will bring. Kiplinger contributor Jerry Golden, in a post on their website, wonders too, and offers a…

Older workers and current retirees get a boost from Secure 2.0

The recently passed 2023 Omnibus Appropriations bill, now en route to President Biden for signature, contains a host of provisions aimed at benefitting workers preparing for retirement or already in their retirement years. Included in the massive $1.7 trillion package,…

Saving For Retirement: Time to Take Stock

The Motley Fool’s Maurie Backman, in a post on their website, describes the difficulties many future retirees may face as a result of inadequate financial preparation for their post-career years. Citing statistics that show nearly of Americans woefully behind the curve…

Social Security PLUS – A Voluntary Companion Benefit

In my nearly 15 years teaching high school economics classes, no single lecture ever garnered higher interest and attention than the one I dubbed, “How to Be a Millionaire by 45”.  With “Pay Yourself First” written on the whiteboard behind…

Why we should talk more about money

While discussing how much money people make with each other is generally considered a taboo, in this piece Maurie Backman suggests  we should be talking more about money, especially with family.  He also suggests opening up more with friends and…

House Passes Family Savings Act

(Source: House Ways and Means Committee) Today, House Ways and Means Committee Chairman Kevin Brady (R-TX) released the following statement after the House passed the American Innovation Act and the Family Savings Act, two of the three bills that make up Tax Reform…

By the Numbers…Ways to Offset the Lack of Sufficient Savings

It’s no secret that many Americans face a lack of sufficient savings for their retirement years. But that’s not a reason to despair…there are steps you can take–and the sooner the better–to improve your situation so that your Social Security…

Some retirement changes being proposed in GOP’s drive to make tax cuts permanent

CNBC notes stage two of tax reform is set as House Republicans aim to make permanent individual tax cuts passed last year and to ease rules around retirement savings.  The bill advancing through the House Ways and Means Committee, which…

Website by Geiger Computers