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Category: General Blog

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The American Rescue Plan Act of 2021: What Investors Need to Know

It’s official. President Biden signed the American Rescue Plan Act of 2021 into law on March 11th, 2021, making the near $1.9 trillion stimulus package the largest injection of federal aid since the Great Depression.¹ While there’s a lot in this bill, key provisions include direct payments to Americans, expanded child tax credits, and healthcare… Continue reading The American Rescue Plan Act of 2021: What Investors Need to Know

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Important RMD Changes for 2021

There are important RMD changes for 2021 that every 401(k) investor needs to know about to avoid penalties.  Required minimum distributions (RMDs) are IRS-mandated withdrawals from retirement accounts.  The IRS requires these withdrawals to ensure that taxes are paid on amounts that were contributed on a pretax basis, plus any tax-deferred earnings in those accounts… Continue reading Important RMD Changes for 2021

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7 Overlooked Retirement Expenses When Planning

When thinking about retirement, most people’s minds drift to a dream life involving no work, vacations, and finally getting to enjoy their favorite hobbies. However, several overlooked retirement expenses may prevent you from doing any of this during retirement.  The disconnect between what people believe they need to attain their retirement lifestyle and what they… Continue reading 7 Overlooked Retirement Expenses When Planning

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One Action That May Boost 401(k) Returns in 2021

If you’re looking for a way to boost 401(k) returns in 2021, rebalancing may help you do just that.  Many 401(k) investors fail to rebalance and, in doing so, may potentially miss out on earning more and keeping more of their hard-earned retirement savings.  Because when it comes to saving, it’s not only important what… Continue reading One Action That May Boost 401(k) Returns in 2021

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Family Financial Planning: Why Awkward Money Talks Are Necessary

What parent conversation is more uncomfortable than the birds and bees? Talking to your adult children about family financial planning. According to a study by Home Instead Senior Care, approximately 80 million Americans neglect to have important end-of-life discussions regarding family financial planning.¹ The study also reports, “Unfortunately, research indicates that 70 percent of conversations… Continue reading Family Financial Planning: Why Awkward Money Talks Are Necessary

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7 Most Common 401(k) Investor Questions Answered

There’s no such thing as a dumb question – especially when it comes to 401(k) investor questions.  The problem is that, for whatever reason, many investors don’t ask. If this sounds familiar, you’re not alone. CNBC reports, “Though it’s one of the most common retirement savings vehicles, 63 percent of Americans don’t understand exactly how… Continue reading 7 Most Common 401(k) Investor Questions Answered

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6 Ways That May Increase Retirement Savings in 2021

Another year around the sun means another year closer to retirement. For 401(k) investors who are behind on retirement savings and for those looking to get ahead in 2021, here are 6 ways that may jumpstart retirement savings in 2021.  #1 Contribute as Much to Retirement Savings as Possible  The IRS has new retirement plan… Continue reading 6 Ways That May Increase Retirement Savings in 2021