Retirement income may come from a variety of sources. Provided by Marc Aarons at Money Managers, Inc. For many people, retirement income may come from a variety of sources. Here’s a quick review of the six main sources: Social Security. Social Security is the government-administered retirement income program. Workers become eligible after paying Social Security […]

The list of these options has grown. Provided by Marc Aarons at Money Managers, Inc. An IRA, or Individual Retirement Account, is a tax-advantaged savings account that is subject to special rules regarding contributions and withdrawals. One of the central rules of IRAs is that withdrawals prior to age 59½ are generally subject to a […]

What steps might help you sustain and grow your retirement savings?  Provided by Marc Aarons at Money Managers, Inc.   “What is your greatest retirement fear?” If you ask any group of retirees and pre-retirees this question, “outliving my money” will likely be one of the top answers. In fact, 61% of investors surveyed for a […]

Creating a strategy for success.  Provided by Marc Aarons at Money Managers, Inc.   Run the numbers. There is a rule of thumb for retirees suggesting that retirement income has a target of 70-80% of the household’s end salary, though this can certainly vary. So, years before leaving work, sit down (perhaps with the financial professional […]

There are those who favor value and those who favor growth.    Provided by Marc Arrons at Money Managers, Inc You might be initially confused by these terms or even suspect they aren’t that different in terms of what each model offers you as an investor, but they are very distinct approaches, and it’s good […]

Behaviors worth changing. Provided by Marc Aarons at Money Managers, Inc.   Do bad money habits constrain your financial progress? Many people fall into the same financial behavior patterns, year after year. If you sometimes succumb to these financial tendencies, now is as good a time as any to alter your behavior. #1: Lending money to […]

Strategic vs. Tactical Investing – How do these investment approaches differ?  Provided by Marc Aarons at Money Managers, Inc.   Ever heard the term “strategic investing”? How about “tactical investing”? At a glance, you might assume that both these phrases describe the same investment approach. While both approaches involve the periodic adjustment of a portfolio and […]

What are the limits for Donor-Advised Funds and Private Foundations?  Provided by Marc Aarons at Money Managers, Inc.      Among the big changes in the 2017 Tax Cuts and Jobs Act (TCJA) were new limits on standard and itemized deductions. These limits and restrictions created new hurdles when planning deductions with tax advantages in mind. […]

An emergency fund may help alleviate the stress associated with a financial crisis.  Provided by Marc Aarons at Money Managers, Inc  Have you ever had one of those months? The water heater stops heating, the dishwasher stops washing, and your family ends up on a first-name basis with the nurse at urgent care. Then, as […]

A look at who is affected, and the potential economic impact.  Provided by Marc Aarons at Money Managers, Inc.      Right now, many households across the country are contending with the financial pressures resulting from the partial federal government shutdown. About 800,000 federal workers have been furloughed, and about 4 million government contractors are now […]