We get it: it’s hard to save for your future when your today demands all your money. Yet, we all know we should. Here’s an easy way to build more wealth for your future…. use your workplace retirement plan’s automatic savings increase feature. With auto-increase, you agree to regular boosts to your savings percentage over… Continue reading The Secret to 401(k) Success: Auto-Increase
Article Categories: Articles
Should I get a Revocable Trust?
A revocable trust, also known as a living trust, is a legal arrangement where a person (the grantor or trust maker) transfers their assets, such as property or investments into a trust while they are still alive. The grantor retains control over the assets and can change or revoke the trust at any time during… Continue reading Should I get a Revocable Trust?
Money Isn’t Just Money
Ask the average American if they’re experiencing stress, and they’ll tell you “yes.” Ask them what they’re stressed about, and they’ll likely respond by telling you it has something to do with money. That’s because money-related issues, according to the American Psychological Association’s (APA) 2022 Stress in America Survey, is one of the leading causes… Continue reading Money Isn’t Just Money
Is Social Security Really Going Broke?
Many Americans have a fundamental misconception that Social Security is on the brink of going broke, leaving current and future retirees without any safety net the program is designed to provide. While it’s true that the Social Security Trust Fund is projected to become insolvent, this means that under current law it will be unable… Continue reading Is Social Security Really Going Broke?
Who Really Needs Permanent Insurance?
For most people term life insurance is the best choice from a financial standpoint. It covers you when you and your family are vulnerable for a low fee and expires when your need expires. You might be wondering when the need expires. Your insurance representative may say never…. But really? We think your need expires… Continue reading Who Really Needs Permanent Insurance?
Not Your Parent’s Retirement Plan
Retirement plan platforms have developed new features that allow for ease of access, security, and automation. Make sure you are using all of these great new features. Visit the Learning Library
How Little Money Can You Spend This Month?
The author James Clear of Atomic Habits says it perfectly regarding how humans work: “You do not rise to the level of your goals. You fall to the level of your systems.” In the beginning of the year it’s popular to make a list of goals for the months ahead. For many people this includes… Continue reading How Little Money Can You Spend This Month?
Will Your Tax Refund Be Smaller This Year?
The end of Covid tax breaks might mean a higher tax bill for 2022. Congress chose not to extend the tax breaks implemented during the Covid-19 pandemic. As a result, some who received refunds in recent years may now owe instead. Changes affecting your taxes as quoted from a recent *Wall Street Journal article are:… Continue reading Will Your Tax Refund Be Smaller This Year?
How to Save $1 million (by Age)!
The beginning of a new year causes many of us to consider goals and dreams for the months ahead. Perhaps a goal you have is saving more for retirement. While this is a good goal, it can be easy to lose motivation and focus if the dream is not specific. Instead of vague goals, be… Continue reading How to Save $1 million (by Age)!
Secure 2.0: More Changes to Retirement Savings
The SECURE 2.0 Act of 2022 was signed into law December 29, 2022 and it adds many new retirement plan provisions. Some are minor and offer little change and some of the changes don’t take effect for 10 years. There are however, a few changes that we think everyone should know about now. Required Minimum… Continue reading Secure 2.0: More Changes to Retirement Savings
