As November 3rd rapidly approaches, America is watching as incumbent Republican President Donald Trump takes on Democratic hopeful and former Vice President Joe Biden.Through debates and rallies alike, the US public is trying to determine where each candidate stands on the issues that most matter to them. Here, we will review what each candidate’s stances are when it comes …Continue Reading
Retirement
Major changes to retirement—and relief—with COVID-19
It is hard to find anyone who hasn’t been at least somehow impacted by the COVID-19 pandemic. Even if you were lucky enough to avoid the health crisis itself, your financial situation likely experienced some kind of change.For retirement savers, the situation can look grim. According to Fidelity Investments, 165,000 people with 401(k) or 403(b) plans through the company …Continue Reading
The Basic Guide to Retirement Milestones
There is no one-size-fits-all solution to retirement planning. As any financial planner will tell you, getting the most out of your savings takes putting thought, goals, and solid steps into place throughout your career.But that doesn’t mean the rules for retirement are changeable based on what’s right for you.There are very specific milestones we all observe on our way …Continue Reading
5 Common IRA and 401(k) Tax Mistakes + How To Avoid Them
Individual retirement accounts (IRAs) allow people to leverage tax benefits while also saving for their future. But the language that regulates retirement savings can sometimes seem equally excessive and complex. This problem is particularly evident come tax time.IRAs can offer tax deferrals and tax deductions while even lowering tax consequences. However, they can also …Continue Reading
Common 401(k) and IRA Rollover Mistakes
Including a Look at the CARES Act According to a Government Accountability Office report released in 2019, Americans between the ages of 25 and 55 make early withdrawals of about $69 billion from their retirement savings accounts per year.That figure was before the coronavirus and its economic impact, which has included high unemployment rates and signs of a potential …Continue Reading
