Is there anything your 401(k) plan can't do? It allows for tax-deferred earnings in traditional accounts and tax-free earnings in Roth-style accounts. And traditional plans enable you to make contributions in pretax dollars, helping to reduce your taxable income. It...
According to the Bureau of Labor Statistics, today's median bachelor's degree recipient receives $1,281 in weekly earnings compared to the $749 made by a typical high school graduate.1 Clearly, one of the best investments you can make for your children is an...
A Health Savings Account (HSA) is a tax-advantaged savings account designed for individuals with high-deductible health plans (HDHPs) to help them save for qualified medical expenses. Here are some of the key benefits of having an HSA: 1. Tax Advantages • Tax...
Anxious investors could miss out when trying to avoid turbulent markets. The last time inflation was 10% was in February of 1979. Back then, a suffering economy and a volatile market added to investors’ anxiety. This graph illustrates five choices an equity investor...
There are several common reasons why the average person may not do as well investing in the stocks as the stock market overall. It has been my experience, after years of conversations with people, that not keeping up with the stock market usually boils down to sliding...
Careful planning can help you manage competing financial priorities Does this sound familiar? You keep meaning to increase your retirement plan contribution, but there seem to be too many other financial priorities that get in the way. Fortunately, with a little...
As of late March 2020, the number of Americans expressing confidence in their ability to live comfortably in retirement was at near-record highs. Of course, since that time pandemic-related market flux may have changed the numbers. Because many surveys covering...
Recent history has moved many of us to take another look at our finances, a smart thing to do in any economy. Maybe it’s been a while since you took your financial temperature, or maybe this is the first time you’ve considered it. Either way, the time is right to...