Category: Financial Planning

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 But don’t forget that one day, you or your beneficiary will have to pay taxes on the money withdrawn from […]

Are SUV’s Ruining Retirement Savings?

How much are you putting away for retirement? This article examines one area (actually, there are many) that may conflict with one’s ability to invest a sufficient sum for retirement. http://awealthofcommonsense.com/2018/07/are-suvs-ruining-retirement-savings/

What Does It Take To Be Wealthy?

This is an interesting survey and article. Some count wealth in terms of dollars or other possessions. Others count wealth in terms of relationships and contentment. Obviously, we need money to live our lives, but true wealth has different meanings to different people. https://www.bloomberg.com/news/articles/2018-05-15/how-much-money-do-you-need-to-be-wealthy-in-america  

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?  

Salary Needed To Buy Average Home – By State

How much income do you need to afford the average home in your state?  The answer may surprise you.  Most of the nation’s housing markets have now almost completely recovered back to pre-housing-bubble levels, with many markets far surpassing those peaks.  Howmuch.net collected average home prices for every state from Zillow, and then plugged the […]

Do You Have $10,000 Saved?

Do you have at least $10,000 saved for retirement?  If so, congratulations, you’ve managed to put away more than 40% of all working-age Americans.  A recent survey from Bankrate.com found that despite the brisk jobs market and increasing wages, Americans still aren’t saving much.  Only 16% of survey respondents stated they saved at least the […]