We are long past the days where the most common method of funding your retirement is through a pension plan. Many employers have now shifted to offering 401(k) plans. While millions of workers depend on 401(k)s to fund their retirement, few understand how they work. The following will provide you an overview of 401(k) plan […]
Inheriting an IRA or Roth from a spouse comes with its own set of rules and key deadlines. If you inherit an IRA or Roth from a spouse, you can combine that IRA or Roth with your own, or you can roll the IRA to an inherited IRA or disclaim the assets altogether. Roll into […]
Applying to colleges is often a stressful time for both students and parents. During this time, families are asked to complete the Free Application for Federal Student Aid (FAFSA), which can be a daunting task. The FAFSA helps calculate the Expected Family Contribution (EFC) that is used to determine financial aid eligibility. Many families are […]
Discussing finance is generally something most people like to avoid. Are we saving enough? Can we pay for the kids to go to college? When can we retire? All of these questions and countless others have emotions tied to them. Some investment theories suggest investors are rational and that they do not make financial decisions […]
According to the Pew Research Center,1 the percentage of adults presently married in the United States declined from a high of 72% in 1960 to a low of 50.5% in 2012. At the same time, 2010 Census data reveals that over 7.5 million unmarried couples live together, a 138% increase since 1990. Forty percent of […]
Having a retirement plan in place is fantastic, but adding to it is crucial to building a bigger savings balance.  It can be hard to set aside money each pay for something that you don’t use today.  It can be even harder to increase that amount over time.  I suggest not only getting into the […]
Computers are a prominent way of life and are becoming faster and smarter by the minute.  They are in our everyday appliances, phones, cars, factories, and they even perform life-saving surgeries.  Some people even use a robo adviser to manage their investment portfolio.  A robo adviser is defined as an online wealth management service that […]
There are many life changing events that occur in a lifetime with retirement normally being in the top five. In addition to being assured that you have accumulated enough assets for a comfortable retirement, there are also estate and income tax, portfolio allocation, and logistical planning decisions that, at times, may become overwhelming. Portfolio allocation […]