retirement savings
ESG Investing and your retirement savings
President Biden has vetoed the legislative bill blocking ESG Investing for Retirement Funds. What does this mean? ESG Investing is Environmental, social, and governance (ESG) investing is a strategy you can use to put your money to work with companies…
Losing money is the last thing any of us wants
Nobody likes to lose money, especially your retirement savings. The stock market can be risky, but a savings account, even a high-yield one, cannot beat inflation. There are still low-risk, guaranteed-growth investments that are an alternative to the riskier retirement…
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…