The Major Retirement Planning Mistakes
Why are they made again and again? Provided by Marc Aarons at Money Managers, Inc. Much is out there about the classic financial mistakes that plague start-ups, family businesses, corporations, and charities. Aside from these blunders, some classic financial missteps plague retirees. Calling them “mistakes” may be a bit harsh, as not all of them […]
Should We Reconsider What “Retirement” Means?
The notion that we separate from work in our sixties may have to go. Provided by Marc Aarons @ Money Managers, Inc. An executive transitions into a consulting role at age 62 and stops working altogether at 65; then, he becomes a buyer for a church network at 69. A corporate IT professional decides to […]
One Couple, Two Different Retirements ?
After many years together, some retired spouses may find their daily routines far apart. Provided by Marc Aaron’s @ Money Managers, Inc. When you see online ads or TV commercials about retirement planning, […]
Key Estate Planning Mistakes to Avoid
Too many people make these common errors. Provided by Money Managers,Inc. Many affluent professionals and business owners put estate planning on hold. Only the courts and lawyers stand to benefit from their procrastination. While inaction is the biggest estate planning error, several other major mistakes can occur. The following blunders can lead to major problems. […]
Managing Money Well as a Couple
What are the keys in planning to grow wealthy together? Provided by Marc Aarons When you marry or simply share a household with someone, your financial life changes – and your approach to managing your money may change as well. To succeed as a couple, you may also have to succeed financially. The good […]
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 […]
Is America Prepared to Retire?
Two-thirds of us have no financial plan. Provided by Marc Aarons @ Money Managers Inc. Only 48% of Americans say they think they are saving enough. And 30% feel that they are not even slightly confident that they are saving enough for retirement. That finding comes from the 2015 Consumer Financial Literacy Survey conducted […]
Is Your Company’s 401(k) Plan as Good as It Could Be?
In light of a recent SCOTUS ruling, this is a good time to double-check. Provided by Marc Aarons @ Money Managers Inc. How often do plan sponsors check up on 401(k)s? Not as often as they should, perhaps. A recent legal development seems to call for greater supervision of these plans from employers – […]
Behind on Your Retirement Savings?
What steps could you take to catch up? Provided by Marc Aarons @ Money Managers Inc. If life has not allowed you to build substantial retirement savings, what can you do to improve your retirement prospects? Here are some suggestions. Play catch-up. If at all possible, take advantage of the catch-up contributions the IRS allows […]
Long-Term Investment Truths
Key lessons for retirement savers. Provided by Marc Aarons @ Money Managers Inc. You learn lessons as you invest in pursuit of long-run goals. Some of these lessons are conveyed and reinforced when you begin saving for retirement, and others you glean along the way. First & foremost, you learn to shut out much […]