Debunking a Few Popular Retirement Myths
It seems high time to dispel some of these misconceptions. Provided by Marc Arrons at Money Managers, Inc. Generalizations about money and retirement linger. Some have been around for decades, and some new clichés have recently joined their ranks. Let’s examine a few. “When I’m retired, I won’t really have to invest anymore.” Society still […]
Have You Considered Charitable Gifting?
Could it make the world a better place? Could it make sense, financially? Provided by Marc Arrons at Money Managers, Inc. A gift to charity may also help to improve your tax or financial situation. Here’s a brief look at some popular options for charitable gifting, with potentially significant tax advantages. Charitable Remainder Trusts (CRTs). […]
Taking a Loan from Your Retirement Plan = Bad Idea
Why you should refrain from making this move. Provided by Marc Aarons at Money Managers, Inc. Thinking about borrowing money from your 401(k), 403(b), or 457 account? Think twice about that because these loans are not only risky, but injurious, to your retirement planning. A loan of this kind damages your retirement savings prospects. […]
The IRA and the 401(k)
Comparing their features, merits, and demerits. Provided by: Marc Aarons at Money Managers Inc. How do you save for retirement? Two options probably come to mind right away: the IRA and the 401(k). Both offer you relatively easy ways to build a retirement fund. Here is a look at the features, merits, and demerits of […]
Is Your Company’s 401(k) Plan as Good as It Could Be?
Two recent court rulings may make you want to double-check. Provided by Marc Aarons at Money Managers, Inc. How often do retirement plan sponsors check up on 401(k)s? Not as often as they should, perhaps. Employers need to be especially vigilant these days. Every plan sponsor should know about two recent court rulings. One came […]
5 Retirement Concerns Too Often Overlooked
Baby boomers entering their “second acts” should think about these matters. Provided by: Marc Aarons at Money Managers, Inc. Retirement is undeniably a major life and financial transition. Even so, baby boomers can run the risk of growing nonchalant about some of the financial challenges that retirement poses, for not all are immediately obvious. In […]
The Safe Harbor 401(k) Deadline Is Quickly Approaching
The Safe Harbor 401(k) Deadline Is Quickly Approaching Now is the time for small business owners to act. Provided by Marc Aarons @ Money Managers, Inc. October 1 is the deadline for companies to set up Safe Harbor 401(k) plans for 2018. If you want to put one in place at your business, you need […]
Tax Moves to Consider in Summer
Tax Moves to Consider in Summer Now is a good time to think about a few financial matters. Provided by: Marc Aarons at Money Managers, Inc. Making changes earlier rather than later. If you own a business, earn a good deal of investment income, are recently married or divorced, or have a Flexible Savings Account […]
Are Changes Ahead for Retirement Accounts?
Are Changes Ahead for Retirement Accounts? A bill now in Congress proposes to alter some longstanding rules. Provided by Marc Aarons at Money Managers, Inc. Most Americans are not saving enough for retirement, despite ongoing encouragement to do so (and recurring warnings about what may happen if they do not). This year, lawmakers are also […]
Leaving a Legacy to Your Grandkids
Leaving a Legacy to Your Grandkids Now is the time to explore the possibilities. Provided by Marc Aarons @ Money Managers, INC. Grandparents Day provides a reminder of the bond between grandparents and grandchildren and the importance of family legacies. A family legacy can have multiple aspects. It can include much more than heirlooms […]