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 […]
What the SECURE Act Could Mean for Retirement Plans
If passed, it would change some long-established retirement account rules. Provided by Marc Aarons at Money Managers, Inc. If you follow national news, you may have heard of the Setting Every Community Up for Retirement Enhancement (SECURE) Act. Although the SECURE Act has yet to clear the Senate, it saw broad, bipartisan support in the […]
Bad Money Habits to Break
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 […]
Traditional vs. Roth IRAs
Perhaps both traditional and Roth IRAs can play a part in your retirement plans. Provided by Marc Aarons at Money Managers, Inc. IRAs can be an important tool in your retirement savings belt, and whichever you choose to open could have a significant impact on how those accounts might grow. IRAs, or Individual Retirement Accounts, […]
Is Generation X Preparing Adequately for Retirement?
Future financial needs may be underestimated. Provided by Marc Aarons at Marc@OcMoneyManager.com If you were born during 1965-80, you belong to “Generation X.” Ten or twenty years ago, you may have thought of retirement as an event in the lives of your parents or grandparents; within the next 10-15 years, you will probably be […]
Your 2018 Financial To-Do List
Things you can do for your future as the year unfolds. Provided by Marc Aarons @ Money Managers, Inc What financial, business, or life priorities do you need to address for 2018? Now is a good time to think about the investing, saving, or budgeting methods you could employ toward specific objectives, from […]
The Republican Tax Reform Plan
What is in it? What could its changes mean for you, if they become law? Provided by Marc Aarons @ Money Managers, Inc. Major changes may be ahead for federal tax law. At the start of November, House Republicans rolled out their plan for sweeping tax reforms. Negotiations may greatly alter the content of […]
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. […]
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 […]
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 […]