New I.R.S. Contribution Limits
A look at the maximum amounts you can put into retirement accounts this year. Provided by Marc Aarons at Money Managers, Inc. The I.R.S. just announced the annual contribution limits on IRAs, 401(k)s, and other widely used retirement plan accounts for 2020. Here’s a quick look at them. *Next year, you can put up to […]
Quarterly Economic Update – January 2020
In this Q4 recap: Equities maintain their momentum to close out a strong year on Wall Street, helped by a slight thaw in the U.S.-China trade dispute and some better-than-expected domestic economic data. Quarterly Economic Update A review of Q4 2019, Presented by Marc Aarons at Money Managers, Inc. THE QUARTER IN BRIEF Movement in […]
The SECURE Act
Long-established retirement account rules change. Provided by Marc Aarons at Money Managers, Inc. The Setting Every Community Up for Retirement Enhancement (SECURE) Act is now law. With it, comes some of the biggest changes to retirement savings law in recent years. While the new rules don’t appear to amount to a massive upheaval, the SECURE […]
Health Care Costs Are Cutting into Retirement Preparations
This is happening in subtle and not-so-subtle ways. Provided by Marc Aarons at Money Managers, Inc. You may have seen this statistic before or one resembling it: the average 65-year-old retiring couple can now expect to pay more than $250,000 in health care expenses during the rest of their lives. In fact, Fidelity Investments now […]
A Retirement Fact Sheet
Some specifics about the “second act.” Provided by Marc Aarons at Money Managers, Inc. Does your vision of retirement align with the facts? Here are some noteworthy financial and lifestyle facts about life after 50 that might surprise you. Up to 85% of a retiree’s Social Security income can be taxed. Some retirees […]
Measuring the Value of a Financial Advisor
One study asserts that these relationships can make a difference for investors. Provided by Marc Aarons at Money Managers, Inc. What is a relationship with a financial advisor worth to an investor? A 2019 study by Vanguard, one of the world’s largest money managers, attempts to answer that question. Vanguard’s whitepaper concludes that when an […]
What if You Get Audited?
What the I.R.S. looks for and why. Provided by Marc Aarons at Money Mangers, Inc. “Audit” is a word that can strike fear into the hearts of taxpayers. However, the chances of an Internal Revenue Service audit aren’t that high. In 2017, the most recent statistics available, show the I.R.S. audited 0.5% of all individual […]
Reducing the Risk of Outliving Your Money
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, 51% of investors surveyed for a […]
Cyber Security
Protecting yourself from potential calamity. Provided by Marc Aarons at Money Managers, Inc. Cyber crime affects both large corporations and private individuals. You’ve likely read about the large data breaches in the business world. These crimes are both expensive and on the rise. The U.S. Identity Theft Resource Center says that these corporate data breaches […]
Avoiding Large Losses in Your Portfolio
“Rule No.1: Never lose money. Rule No.2: Never forget rule No.1.” – Warren Buffett1 Provided by Marc Aarons at Money Managers, Inc. Risk is a factor in any investment decision that you make. Your tolerance for risk is something that you will want to consider when you make decisions alongside your trusted financial professional. Your […]