Retirement Savings and Investments News, Information and Guidance

financial fraud

Over 50? 12 Critical Tips to Protect Yourself from Financial Fraud and Identity Theft

Last week it was broadly reported that the credit reporting agency Equifax suffered a major cybersecurity breach that put us all at a greater risk of financial fraud. Experts estimate that hackers stole the data — Social Security numbers, birth dates, addresses, driver’s license numbers, credit card information and more — of 143 million people….

catch up contributions

A Powerful Retirement Saving Secret: Use Tax Advantaged Catch Up Contributions When Over 50

Most of us are pretty stressed by the need to give our savings a big boost as we approach retirement.  Guess what? There is actually a relatively little known retirement savings strategy that can really help: Catch up contributions. Catch up contributions are the IRS’s way of making it easier for savers age 50 and…

index fund investing

Your Guide to Index Fund Investing and Why They Are a Good Idea for Your Retirement

If index fund investing is good enough for the most famously successful American investor, then maybe it should be good enough for your retirement. Warren Buffet, chairman of Berkshire Hathaway, one of the richest men and most successful investors in the world, recommends that people buy index funds.  He often touts index funds in his…

personal finance rules

Break These 5 Personal Finance Rules for a Wealthier and More Secure Retirement

There are two kinds of people: those who follow the rules and those who believe rules are made to be broken. If you fall into the first camp, the following list may cause you a bit of anxiety. Personal finance is full of rules. While some are helpful, others can work against you if they…

lost 401k

Find Lost 401k: How to Find Out If You Have Lost or Forgotten Retirement Accounts

Here is a guide for how to find lost money — a lost 401k or other unclaimed retirement benefits. Finding a lost 401k or other retirement account is more tedious than treasure hunting,but perhaps just as rewarding. A few years ago, I received a strange notice in the mail: a former employer was discontinuing their…

stocks too high 2017

Stocks Are Too High?

“As the major stock indexes have, one-by-one, broken through their previous record highs in recent months, it has been interesting to observe that the dominant reaction among many investors has not been one of celebration but, rather, anxiety.” While the above may sound like current events, it’s actually an excerpt from an April 2013 client letter….

retirement investment plan

6 Competing Priorities that Make a Retirement Investment Plan So Complicated — Especially After You Retire

Saving for retirement is hard.  However, when you are still working, creating a retirement investment plan can be comparatively straightforward.  The goal is to simply grow the money. But watch out! When you retire, your investment goals become multi faceted, layered and — let’s face it — down right complicated. You still want your money…

able to save

8 Ways You Will Be Able to Save BIG: Easily Add Thousands to Your Retirement Account

Retirement savings advice often revolves around the long term: save small amounts on a regular basis over many years, and you will be able to save a sizeable nest egg. But what if you need to make up for lost time? What if you find yourself nearing retirement and just want to give that nest…

Shocking Retirement Statistic: Americans Hold 58% of their Investible Assets in Cash

Of all the tactics you can use to achieve a secure retirement, one of the easiest things you can do is to invest your money and earn returns on that investment.  Doing this requires virtually no sacrifice, compromise or a lot of work. However, a new study from BlackRock finds that Americans hold 58% of…

retirement target date fund

Pros and Cons of a Retirement Target Date Fund: Can You Relax and Glide into Retirement?

A retirement target date fund is a kind of mutual fund that is professionally managed and strategically reallocated over time to achieve both growth and security for your assets. The key goal for a target date fund is that your money will be available for withdrawal on a certain future targeted retirement date and beyond. So,…