Retirement Account Limits for 2017
2017 Retirement Account Limits How much can you contribute this year? Provided by Marc Aarons In 2017, you have another chance to max out your retirement accounts. Here is a rundown of yearly contribution limits for the popular retirement savings vehicles. IRAs. The 2017 limits are the same as in 2016: $5,500 for IRA […]
How Much Will You Spend When You Retire? Provided by Marc Aarons
How Much Will You Spend When You Retire? Will you have enough money to make ends meet? Provided by Marc Aarons You may have heard that people spend less once they are retired. Statistically, that is true. The question is whether a retiree has enough income to meet his or her expenses. Ideally, retirees […]
Your Annual Financial To-Do List for 2017 ~ Provided by Marc Aarons
Things you can do Financially for 2017 What financial, business, or life priorities do you need to address for 2017? Now is a good time to think about the investing, saving, or budgeting methods you could employ toward specific objectives. Some year-end financial moves may help you pursue those […]
Could You Create Your Own Pension Plan? Provided by «Marc Aarons»
SBOs are taking a new look at old-school defined benefit plans. Contrary to popular belief, classic pension plans have not disappeared. Corporations have mostly jettisoned them, but highly profitable small businesses are giving them a second look. Why are small business owners deciding to adopt old-school, employer-funded retirement plans? The tax breaks attached to a […]
A Portrait of Gen X Retirement Saving
Is this age group preparing adequately for the future? Provided by Marc Aarons @ Money Managers Inc. How would you guess Gen X is faring when it comes to retirement saving? Americans born between 1965 and 1980 are approaching what should be their peak income years, and many of them have actively contributed to […]
Do Our Attitudes About Money Help or Hurt Us?
We may need to change them to better our financial prospects. Provided by Marc Aarons @ Money Managers Inc. Our relationship with money is complex & emotional. When we pay a bill, go to the mall, trade in a car for a new one, hunt for a home or apartment, or pass someone seemingly poor […]
Think About Your Lifestyle Before You Retire: Sometimes planning for retirement isn’t entirely about money.
Provided by Money Managers Inc. How many words have been written about retirement? It’s a preoccupation for many, and we devote so much time, thought, and energy toward saving for the last day we go to work. Saving and investing in such a way that we no longer have to work may seem ideal […]
UK Separation from EU! What does it mean?
Most of you are aware that yesterday the citizens of the United Kingdom elected by a narrow majority margin to terminate their nation’s membership in the European Union (E.U.), which was followed by the announcement that pro-E.U. British Prime Minister David Cameron will be resigning in the near future. This decision has created a great deal of uncertainty not only in the […]
College Funding Options: You can plan to meet the costs through a variety of methods.
Provided by Marc Aarons @ Money Managers Inc. How can you cover your child’s future college costs? Saving early (and often) may be the key for most families. Here are some college savings vehicles to consider. 529 plans. Offered by states and some educational institutions, these plans let you save up to $14,000 per […]
White House Proposes Changes to Retirement Plans
A look at some of the ideas contained in the 2017 federal budget. Provided by Marc Aarons Will workplace retirement plans be altered in the near future? The White House will propose some changes to these plans in the 2017 federal budget, with the goal of making such programs more accessible. Here are some of the […]