retirement savings
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…
Retirement Savings: How do you stack up?
Amid all the media accounts about a widespread lack of savings for retirement, you may be wondering how your situation compares to others in your age bracket. NerdWallet’s Arielle O’Shea, in a post on www.nerdwallet.com, can nswer that question for you.…
Saving for Retirement…How Are You Doing?
If you feel you’re on track with your retirement savings plan, you’re in the one-out-of-two group who feel that way. The other half senses a deficiency ion their savings progress, with about a third of these folks looking to “risky”…
401k Plan Changes in the Wind?
According to Bradenton Herald columnist Mike Doll, the House Ways and Means Tax Reform 2.0 may bring about some significant changes affecting retirement financial planning. From changes to 401k savings limits and disclosure changes affecting 401k plans to 529 plan changes and…