Some retirement plans, such as 401(k) plans and IRA's, require mandatory distributions when you hit age 70 1/2. Failure to adhere to these rules could result in penalties. Make sure that your retirement accounts are being handled properly and that you are fully informed. The video below offers more information. Contact our office if you have questions.
For Mark Roberts' Use: As we grow older, birthdays sometimes seem less significant. Unlike the major milestones of turning 18 or 21, going from 55 to 56 may not seem all that exciting. But since there are significant laws attached to several birthdays that can affect your financial planning decisions, you should keep these in [...]
For Mark Roberts' Use: Many people plan to retire utilizing income from a combination of Social Security and a pension from work. This might be a good plan for a comfortable retirement, but you should be aware of how your pension could affect benefits from Social Security. Most workers who earn a pension have also [...]
For Mark Roberts' Use: As we all know, the collapse of the housing market was one of the major contributors to the worst recession seen in the U.S. since the Great Depression. Now, as the economy has begun to grow and recover, the housing sector has continued to lag behind. Luckily, that might be changing. Statistics [...]
For Mark Roberts' Use: Many people don't like to think about estate planning, but it's a fact of life for all of us. Becoming familiar with the basics before meeting with an attorney or financial planner can help you narrow down your options and decided what you may need. The two most popular estate planning tools [...]
For Mark Roberts' Use: Have you ever wondered, if you started saving right now, how long it would take you to accumulate one million dollars in the bank? Obviously, the answer to that question is going to depend upon a variety of factors. Your investment strategies and your rate of return will vary depending upon [...]
For Mark Roberts' Use: A survey of small-business owners revealed that two-thirds of them worry that they are not financially prepared for retirement*. Yet, despite these prevailing fears, about one-third of small-business owners have neglected to establish any type of personal or business-sponsored retirement plan. If you're a small-business owner or self-employed, and you're worried [...]
For Mark Roberts' Use: One of the most common reasons people give for not saving for retirement is, “I don't have anything extra to save”. While this may be an unfortunate reality for some people, most of us really can manage to save for retirement, even if it's only a small amount at first. Almost [...]
How does your financial advisor get paid? Are there commissions or trade charges? We've created this brief video to explain the process. Click the image below to view!