See if you are prepared to begin your retirement by answering four key questions. Provided by Premier Wealth Advisors How do you know you are psychologically ready to retire? As a start, ask yourself four questions. One, is your work meaningful? If it is emotionally and ...
The SECURE Act
What is it and how could it affect your retirement? By: Josh Koehnen, MsBA, CFP® The Setting Every Community Up for Retirement Enhancement Act, or the SECURE Act, was passed into law in December of 2019. This bill was created to address the nation’s retirement problem by helping more Americans ...
A Retirement Fact Sheet
Some specifics about the “second act.” 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. When they discover this, ...
Pretax Retirement Account vs. Roth – Which One is Right for You?
By: Josh Koehnen, MsBA, CFP® The road to an easy retirement can be plagued with difficult decisions but choosing the correct 401(k) plan does not need to be one of them. Selecting the type of 401(k) plan that will benefit you the most is crucial to a comfortable life post-work. Both the Roth ...
Eight Mistakes That Can Upend Your Retirement
Avoid these situations, if you can . Pursuing your retirement dreams is challenging enough without making some common, and very avoidable, mistakes. Here are eight big mistakes to steer clear of, if possible. No Strategy. Yes, the biggest mistake is having no strategy at all. Without a ...
Reducing the Risk of Outliving Your Money
What steps might help you sustain and grow your retirement savings? “What is your greatest retirement fear?” If you ask retirees that question, “outliving my money” may likely be one of the top answers. Retirees and pre-retirees alike share this anxiety. In a 2014 Wells Fargo/Gallup survey of ...
2016 Retirement Plan Contribution Limits
Tame yearly inflation means very little change. Over the past 12 months, consumer prices have increased very little. The latest Consumer Price Index (September) shows 0.0% yearly inflation and only 1.9% core yearly inflation. That means no cost-of-living adjustment for Social Security, and very ...