The New Normal was a term to describe the financial conditions after The Great Recession of 2008-2009 by Mohamed El-Erian, currently the chief economic advisor at Allianz. The concept of the New Normal is that the economy would remain sluggish…
Blog Archives
4 Easy Steps to Stay Retired
You have reached the holy grail (for some) and retired. Congratulations! You are in the Land of No Alarm Clocks. Now you can do (almost) whatever you want to do. You’ve worked your whole life to…
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The Difference Between a 401(k) plan and a Roth 401(k) plan
401(k) plan The 401(k) plan has become one of the primary retirement vehicles many people will use to help fund their retirement. It is one of the cornerstones in 5 Easy Steps to Retirement. Pre-tax contributions and tax-deferred compounding…
Tagged with: 401 (k) Plan, 401(k) plan employer match, Auto Enrollment, Catch Up Contribution, Congress, Default Investment, Defined Benefit Plan, Earned Income, Enron, Field of Dreams, Great Recession 2008-2009, Income Tax, Inflaton, IRA, Money Market Account, Paycheck, Pension Plan, Pension Reform Act of 2006, Retirement, Retirement Planning, Risk, Roth 401(k) plan, Roth IRA, Stock Market, Tax Deferred Accounts, Tax-Free
The Difference Between a Roth IRA and an IRA
The Roth IRA and an IRA both offer different tax advantaged ways to save for retirement. If you are serious about your retirement plan take these 5 Easy Steps to Retirement. Roth IRA Investors are allowed to fund…
Tagged with: 401 (k) Plan, 401(k) plan employer match, Beneficary, Beneficiary Designation, Cash Reserve Fund, Employee, Financial Plan, Fringe Benefit, Income Tax, Income Tax Deduction, Income Tax Penalty, Inherited IRA, Inherited Roth IRA, IRA, IRS, IRS Form 8606, Life Expectancy, Nondeductible IRA, Required Minimum Distribution, Retirement, Retirement Plan, Retirement Planning, RMD, Roth 401(k) plan, Roth Conversion, Roth IRA, Self-Employed, Tax Deferred Accounts, Tax-Free, Wages, Wealth Transfer
The Difference Between a Roth IRA Contribution and a Roth Conversion
Roth IRA The Roth IRA (“Roth”) is an excellent tool to help provide for retirement funding. Here are 3 Proven Reasons You Need a Roth IRA. The Roth is a younger investor’s best vehicle to use. Unlike the IRA,…
Tagged with: 401 (k) Plan, 401(k) plan employer match, Adjusted Gross Income, AGI, Beneficiary, BMW, Connecticut, Connecticut Residents, Connecticut Taxpayers, CT, Estate Tax, Income Tax, Income Tax Bracket, Income Tax Rates, Income Tax-Free, Internal Revenue Service, IRA, IRS, Life Expectancy, Married Filing Jointly, Required Minimum Distribution, Retirement, RMD, Roth Conversion, Roth IRA, Tax Bracket, Tax Deferred Accounts, Taxable Estate
5 Easy Steps to Retirement
1) Plan For Your Retirement Sorry for having to state the obvious. You’re not going to get to retire if you don’t plan. This is the price of admission. After all, it is your retirement we are talking…
Tagged with: 401(K) Plan, Cash Reserve Fund, Connecticut Drivers, Disability Insurance, Education Funding, Financial Advisor, Financial Plan, Homeowners Insurance, Income Tax, Income Tax-Free, Individual Retirement Account, Investing, IRA, Life Insurance, Money Market Account, Pension Plan, personal umbrella policy, Required Minimum Distribution, Retirement, Retirement Plan, RMD, Roth 401(k) plan, Roth IRA, Self-Employed, Social Security, Tax Deferred Accounts
4 Things Every Investor Can Control
Investors can easily get distracted these days. Hop in the car on the way to work, turn on the radio and get updates on the stock market futures. Check your online portfolio at work during your lunch break. Perhaps you…
Tagged with: 401(K) Plan, 529 College Savings Plan, 529 Plan, Asset Allocation, Bear Market, Bull Market, Capital Gains, Capital Gains Tax, Collectibles, Darwin, Equity Markets, Ibbotson, Income Tax, Income Tax Bracket, Inflation, Inflation Rate, Investment Portfolio, IRA, Long Term Capital Gains, NASDAQ, Ordinary Income, Pension, Pension Plan, Real Estate, Retirement, Retirement Plan, Roth IRA, Rule of 72, Short Term Capital Gains, Tax Bracket
Plan B
When we were down at the beach last summer, we pulled into a gas station to get some gas. An old, blue, beat-up pickup truck pulled in next to us. In the back of the truck was a small dinghy. …
You’re Gonna Need a Bigger Boat
This is one of the all-time classic lines in the movies. Captain Quint, Police Chief Brody and Hooper are out looking for the Great White Shark in the move Jaws. After the Great White attacks the Orca, Brody turns to…
Tagged with: 401 (k) Plan, 529 College Savings Plan, 529 Plan, Affordable Care Act, Baby Boomers, Be Prepared, Boy Scouts Motto, Captain Quint, Cash Reserve Fund, Financial Planning, Great White Shark, Hammerhead Shark, Inflation, Interest Rates, Investors, IRA, Jaws, Land Shark, Life Insurance, Medical Costs, Obama Care, Retirees, Retirement, Retirement Plan, The Orca, The Rolling Stones
No Deposit. No Return.
What does this mean? If you don’t put something in (deposit) you won’t get something out (return). Isn’t that the truth? This applies whether you want to learn to play the guitar, improve your culinary skills or learn how to…
Tagged with: 401(K) Plan, 401(k) plan employer match, Catch Up Contribution, CNBC, College, College Board, College Tuition, Financial Plan, Financial Well- Being, Great Recession 2008-2009, Income Tax, Investing, IRA, New England, Pension Plan, Portfolio, pre-tax, Required Minimum Distribution, Retirement, RMD, Roth 401(k) plan, Roth IRA, Saving, Social Security, Tax Deduction, tax-deferred, Tax-Free, Taxpayers
