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Author: ahawks

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Categorized as Financial Health, Retirement Savings, Retirement Tips

How RMD Changes Protect Your Retirement Savings

May 15, 2023 The original SECURE Act of 2019 extended the Required Minimum Distribution (RMDs) age from 70½ to 72 for retirement accounts. Now with the passing of the Omnibus Bill, SECURE Act 2.0 extends the RMD beginning date to age 73, starting in 2023. Not only does the new legislation push back the required… Continue reading How RMD Changes Protect Your Retirement Savings

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Categorized as Retirement Savings, Retirement Tips, Uncategorized

When It May Not Make Sense to Roll Over Your 401(k)

May 8, 2023 Contrary to what most experts advise, there are times when it may not make sense to roll over your 401(k). We even advise most investors against leaving behind an old 401(k). However, there is an IRS rule that – if you qualify – may help you have more money and avoid penalties… Continue reading When It May Not Make Sense to Roll Over Your 401(k)

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Categorized as Financial Health

Don’t Break the Bank: Tips for Planning Your Family Summer Vacation

Don’t Break the Bank: Tips for Planning Your Family Summer Vacation May 1, 2023 In Financial Health Now is the time to plan and save for a family summer vacation. If you wait too much longer, you’ll be too late. This is because Americans are still feeling the need for pent-up “revenge” travel following the… Continue reading Don’t Break the Bank: Tips for Planning Your Family Summer Vacation

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Categorized as 401(k) Mistakes, Financial Health, Retirement Savings

The High Cost of Raiding Your 401(k)

April 17, 2023 401(k)s are often the largest asset people have for retirement. We save year after year, paycheck after paycheck, with the goal to have a comfortable retirement.  However, there are times when we may be tempted to dip into our retirement savings before we reach retirement age. While it may seem like an… Continue reading The High Cost of Raiding Your 401(k)

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Categorized as 401(k) Mistakes, Retirement Mistakes, Retirement Savings

Costly 401(k) Mistakes Investors over 50 Are Making

April 10, 2023 For 401(k) investors over 50, retirement is around the corner. And, with the market volatility over the past year, many are wondering how to best protect their savings and ensure they have enough for retirement.  If you’re nearing retirement and want to do what you can now to maximize your 401(k) savings… Continue reading Costly 401(k) Mistakes Investors over 50 Are Making

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Categorized as Retirement Savings, Retirement Tips

Pay Off Debt or Contribute to a 401(k)?

March 27, 2023 In Retirement Savings, Retirement Tips With inflation not going down and interest rates rising, many Americans are wondering: Should I pay off debt or continue to contribute to my 401(k)? It’s not surprising American households are feeling pinched. NerdWallet reports, “In the past year, median household income has grown just 4%, while… Continue reading Pay Off Debt or Contribute to a 401(k)?

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Categorized as Financial Health, Retirement Savings

The Banking Crisis: What Investors Need to Know [Video Explanation]

The Banking Crisis: What Investors Need to Know [Video Explanation] March 20, 2023 In Financial Health, Retirement Savings There’s a lot of concern about the banking industry following the collapse of the Silicon Valley Bank (SVB).  So what happened and how does this affect the average 401(k) investor? Keep reading to find out.  What Happened… Continue reading The Banking Crisis: What Investors Need to Know [Video Explanation]

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Categorized as Financial Health

Cyberattacks Are Increasing: How to Prepare

March 13, 2023 In Financial Health When it comes to preparedness, we tend to focus on preparing for our financial futures.  Unfortunately, this often includes providing our readers with tips for avoiding becoming the victim of cybercrimes. Victims of cybercrimes suffer personal and financial identity theft, stolen money, fraud, embezzlement – not to mention the… Continue reading Cyberattacks Are Increasing: How to Prepare