Do You Have a Financial Wellness Program?

Companies are luring & retaining employees with this key perk.   What do your retirement plan participants wish you would offer? Besides the chance to save and invest part of their paychecks, that is?   The answer could be “a little more help.” Last year, Charles Schwab surveyed workers contributing to the 401(k) programs it [...]

By |2017-07-25T13:27:51+00:00July 25th, 2017|Financial Planning, Retirement|Comments Off on Do You Have a Financial Wellness Program?

A Look at Self-Directed Brokerage Accounts

Self-directed brokerage account can be a powerful tool when saving for retirement -- if used properly.    Ever hear of an SDBA? That acronym stands for self-directed brokerage account. If you are enrolled in a 401(k), 403(b), or 457 plan, you might want to see if your plan gives you this option, which is often [...]

By |2017-07-17T15:51:02+00:00July 17th, 2017|Financial Planning, Retirement|Comments Off on A Look at Self-Directed Brokerage Accounts

Understanding the Gift Tax

Most of us will never face taxes related to money or assets we give away.   “How can I avoid the federal gift tax?” If this question is on your mind, you aren’t alone. The good news is that few taxpayers or estates will ever have to pay it. Misconceptions surround this tax. The I.R.S. [...]

By |2017-07-10T14:37:48+00:00July 10th, 2017|Financial Planning|Comments Off on Understanding the Gift Tax

How Do You End Up With A Million Dollar IRA Account?

  An IRA worth $1 million or more must be a product of very early retirement planning and very astute investing, right? Compounding and great yields certainly count, but they aren’t the only reasons behind seven-figure IRAs. According to a recent report from the federal Government Accountability Office (GAO), about 1% of IRA owners have [...]

By |2017-07-03T12:04:40+00:00July 3rd, 2017|Financial Planning, Retirement|Comments Off on How Do You End Up With A Million Dollar IRA Account?