What to Know Before Picking a Retirement Savings Account
When it comes to saving for retirement, there are various tax-advantaged accounts to choose from. Each type of account offers different tax treatments, which can affect how much you pay in taxes both now and in the future. Here’s a breakdown of the three main types of retirement accounts and their tax treatments: Traditional IRA […]
Three Reasons Why You Need to Participate in Your Company’s 401k Plan
In 1970 more than 45% of all private sector employees in the United States were covered by some kind of pension plan. As of 2022, that number is around 4%. What does this dramatic difference mean for the present-day worker? Well, the truth is, the next generation of retirees will rely on their own savings […]
SECURE Act 2.0: Updates to Employer Sponsored Plans
On December 29th, 2022, President Biden signed the SECURE Act 2.0 into law, just six days after the legislation had passed through the United States Congress. The goal of this new bill is to incentivize more employers to offer retirement savings benefits and remove some of the barriers to retirement saving for American workers. In […]
SECURE Act 2.0 and Required Minimum Distributions
On December 29, 2022, the SECURE Act 2.0 was signed into law. The act updates the rules surrounding retirement savings accounts and will have effects on almost every stage of saving for retirement. This new legislation builds upon the SECURE Act of 2019, that adjusted the rules on saving for retirement and withdrawing money from […]
Parallels Between Memory and Compounding Returns
Why does time seem to speed up as we age? There are a few different ideas on why this is the case, but one can simply use math to explain. As we age, we begin to experience more time and life events. Our memories slowly begin to fill up and the time experienced begins to […]
College Graduates Saving for Retirement
Thinking about the future can be worrisome. Whether you’re age 20 and just entering the workforce or well-established at age 60, retirement will likely be a radical change of pace. Do you want to continue some form of part-time employment?
How Much to Save for Retirement
How much should I be saving in order to stay on track for retirement?
This is one of the most common questions that I receive on a day-to-day basis; and with a simple Google search, you can find many different answers.
