Hidden Fees are Eating your 401k!
“Hidden fees are eating away at your retirement!” “Say no to hidden fees!” “It’s YOUR money, why are you losing it to fees?” Do these messages sound familiar? Hidden Fees…
Take Charge of your Finances
Retirement Plan Fees
Last year we wrote about new 401k fee disclosure requirements and the evidence suggesting that most 401k participants did not know they were paying for any plan costs. The structure of…
Who’s Responsible for Paying for Long-Term Care?
Did you know that you could be on the hook for your parent’s long-term care expenses? While these “filial responsibility” laws have rarely been enforced in the past, there’s a…
2013 Tax Tips
On January 1st, Congress put together a tax deal that allowed most of the Bush-era tax cuts to remain in place. This means that most taxpayers will see little change…
Asset Location and Withdrawal Sourcing
While the Morningstar Gamma research found that a dynamic withdrawal strategy has the greatest impact on retirement income, the strategy above was a close second. Asset Location Asset Location refers…
Annuity Allocation
The Morningstar Gamma research cites Annuity Allocation as one of the five ways to increase retirement income. They assume 25% allocation to a fixed annuity with a payout rate of…
Student Loans? Pay as You Earn Can Help
Did you know that the amount of outstanding student debt in the US increases each year? In an effort to help with the ever-increasing weight of this debt, a new income…
Inheritance – 3 Steps to Handle the Details
You find out you’re receiving an inheritance and the first thing that comes to mind is – What next? Inheritances can provide incredible flexibility but without effective financial planning, you…
Contribution Limits Increase for 2013
Have you made your 2012 Roth IRA contribution? If you have not yet made the maximum contribution, you still have time! Tax payers have until Monday, April 15th of 2013…
Seven Tax Tips for 2012
Photo credit: Alan Cleaver Tax planning is an essential part of financial planning. With all of the talk about the fiscal cliff dominating the headlines, it’s important to remember that…
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