Category: 401k

Are You On Track?

Keeping up with the Jones’s is not something anyone should strive for – but in the case of saving for retirement, knowing how you compare could help you develop an awareness of the need for saving for retirement. Every situation is different due to guaranteed sources of retirement income; current and future bills; lifestyle; helping […]

Is the Money in your 401(k) or IRA Yours?

When you contribute to a 401(k) or IRA account, you are able to deduct that contribution amount from your current year’s income. Everyone likes that because it means you’ll pay less in taxes that year. But don’t forget that one day, you or your beneficiary will have to pay taxes on the money withdrawn from […]

Becoming a Millionaire in your 401(k)

You have probably read that the sooner you begin saving, the better, because the magic of compounding can make you wealthy. But what if you don’t start early and still want to accumulate a nest egg that will carry you through your retirement years? The article below shows the amount you must save and the […]

Target Date Fund Options in 401(k)’s

While Target Date Funds in 401(k) plans have performed well since the Bull Market that began 2009, this article does a good job of exposing the risk in those funds. https://www.thewealthadvisor.com/article/will-your-target-date-401k-fund-blow-your-retirement?  

Tax Cuts Are Important In More Than One Way

The market has had a very good year – in my opinion it is partly due to the expectation that we will see tax cuts this year. But what happens to those expectations if tax cuts are not passed? This, from Treasury Secretary Steven Mnuchin… “There is no question that the rally in the stock […]

IRS Relaxes Hardship Withdrawals Due to Hurricane Harvey

There’s good and bad in the announcement below about the IRS relaxing the loan and hardship withdrawal rules from company-sponsored 401(k), 403(b), and 457 plans. The relief is available to those who live or work in the Hurricane Harvey disaster area, and extends to some family members. The provisions even extends to IRA’s. That’s the […]

Scary Parallel

Almost everyone recognizes the worst stock market decline as the 1929 crash.  It was during that time that the Dow Jones Industrial Average declined approximately 87%.  To describe it as a devastating time would be an understatement as The Great Depression was soon ushered in. It has been said that history repeats itself.  If that is true, […]

Inflection Points

Webster’s defines inflection as a turning or bending away from a course or position of alignment.  Take a look at the chart and note two of the previous inflection points in the chart.  The first occurred after a 106% increase in the S&P 500 and resulted in a 40% loss.  The second occurred after a 101% […]