Average 401(k) Balances Dip
From money.com After years of steady increases, retirement savings plans hit a downdraft. Source: Vanguard, How America Saves 2016 Last year the average 401(k) balance stood at $96,288, down from […]
Power of Attorney – what is it and why you need one
As a financial planner, it’s part of my job to ask the question “What happens if you become incapacitated?” It’s not inconceivable that such a thing can occur, and the […]
Keep on Compounding
45 percent of people who switch jobs before age 59½ cash out on their retirement plans. Perhaps sometimes this is necessary, especially if the reason why you cashed out was […]
Preparing for Retirement in America
The Employee Benefits Research Institute and Greenwald & Associates recently released the results of their 2016 Retirement Confidence Survey. Two statistics I found particularly interesting are highlighted from the report […]
Beneficiary Planning for Retirement Accounts, Part II – Non-Spouse Beneficiaries
As I mentioned in my last blog, designating a beneficiary that is not your spouse for your retirement plan accounts introduces a more complex set of rules. Non-spouse beneficiaries are […]