Blog

How to Max Out Your 401(k) in 2019

How to Max Out Your 401(k) in 2019

A 401(k) plan provides tax breaks, employer contributions, an opportunity for automatic saving and the potential for investment growth. But you also need to avoid 401(k) fees and penalties in order to make the most of your account. Here’s how to maximize the value of your 401(k) account in 2019: Qualify for tax breaks Make […]

Strengthen Your Retirement Security in 7 Steps

Strengthen Your Retirement Security in 7 Steps

Retirement security is the ability to live a comfortable retirement without the burden of financial stress. Early planning is the best way to ensure a financially secure retirement, but not everyone has the luxury of time to prepare. The financial decisions you make in the years approaching retirement will have a significant impact on your […]

Simplify Retirement With These 8 Money Tips

Simplifying Retirement With These 8 Money Tips

Workers nearing retirement tend to assume their life will slow down once they leave the workforce. But many retirees find the opposite is true. As you develop a retirement routine and your calendar fills up, you’ll want to spend less time on mundane tasks, such as managing your money, to make room for leisure. Simplifying […]

Six Steps You Can Take Today to Get Ready for Retirement

Six Steps You Can Take Today to Get Ready for Retirement

Think you’re too young to be planning about retirement? Think again. Planning for the end of your career is a process you should start early. Here’s are steps you should consider to get ready for retirement. 1. Gaze into your cash crystal ball Try to paint a picture as best you can of what your […]

Investing to Become Wealthy

Investing to Become Wealthy

Investing to become wealthy is different than investing to preserve wealth. A lot of financial articles are written for those who want to preserve wealth.  If your investment objective is to become wealthy, here’s what you need to know. For the last 10 years, the risk-free interest rate has been less than the inflation rate. […]

8 Levels of Financial Freedom

8 Levels of Financial Freedom

When you read articles about financial freedom, you may hear people drone on and on about how they are spending practically nothing so they can retire at a younger age, like 30. Conversely, they may have already achieved financial freedom and are bragging about how frugal they were so they could retire well before the […]

What the Best 401(k) Plans Do

What the Best 401(k) Plans Do

Like pro athletes, the best 401(k) plans all share some key features. They are top performers for a reason. According to a recent “Best in Class” survey by plansponsor.com, the most highly rated plans make an effort to provide the best funds at the lowest cost. This is a summary of what the best plans […]

How to Start Planning for Retirement

How to Start Planning for Retirement

For many, planning for the later stages of life can mean answering tough questions about retirement and one’s longevity. You might think it’s too late for you to start planning and saving for retirement, but as someone who has long advised people about their financial options and future, I believe it’s better late than never. […]

Why This One Question Can Determine Your Retirement Happiness

Why This One Question Can Determine Your Retirement Happiness

Tell me about yourself? Stop for a minute, and think about how you respond. What’s the first thing that comes to mind? Do you discuss your job title, career path, or professional goals? Or do your answers gravitate more towards hobbies, interests, family, or other personal attributes? If you find yourself answering this question with […]

Why Most Index Funds and ETFs are Not Good Investments

Why Most Index Funds and ETFs are Not Good Investments

Many investors confidently tell me they have discovered the secret to investing: It’s all about passive. I’m glad they are happy and comfortable with their investment strategy. Unfortunately, I think they are missing some important facts. Most index funds and exchange-traded funds (ETFs) are below-average investments. Here’s why. Fidelity’s study compares strategies Recently, Fidelity published […]