Losing a spouse through death or divorce can be emotionally devastating and is often a difficult time to make important life decisions. Yet it’s this very time that attention needs to be paid to important financial matters such as retirement assets, budgeting on a single income, appropriate insurance, or reviewing Social Security benefits. Should you become […] READ MORE
The Week on Wall Street Friday, the S&P 500 settled above 3,000 for the first time, after rising 0.78% for the week. The Dow Jones Industrial Average chalked up a milestone of its own: the blue chips ended the week above 27,000, gaining 1.52% on the way. Additionally, the Nasdaq Composite wrapped up the week […] READ MORE
Defining your Goals Are you thinking about re-evaluating your financial habits for the New Year? You’re not alone. New Year’s resolutions after all are a fancy, delicate way of saying you need to start making changes in your life. The changes can vary from eating habits to spending habits, but they all have one […] READ MORE
When leaving a job, take some time to evaluate the benefits of a 401(k) rollover. The reasoning has to be sound, so let’s look at a few things to consider when evaluating the merits of rolling over 401(k) assets into an IRA. 1. Consolidation – Moving all of your 401(k) accounts at different former employers to […] READ MORE
Even though the new year has begun, it may not be too late to make a traditional IRA contribution for the last tax year — if you’ve not already done so. The contribution deadline is April 15. If you qualify for a deductible contribution, you can lower last year’s tax bill by taking action by then. […] READ MORE
Few people reach retirement with perfectly allocated and optimized 401(k)s or IRAs. Only about 45 percent of all workers even have access to a workplace retirement plan at all, according to the Washington, D.C.-based Employee Benefit Research Institute. But if you do have one, chances are good you have more than one. The nature of the […] READ MORE