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How Does the SECURE Act Affect Your IRA Planning?

For Mark Roberts' Use: In response to concerns about the state of retirement planning in the US, President Trump signed the SECURE Act last month. The Setting Every Community Up for Retirement Enhancement Act aims to address the fact that one-quarter of Americans have no retirement savings whatsoever. Meanwhile, those who are saving for retirement [...]

By |2020-01-26T18:52:55-06:00January 26th, 2020|Retirement|0 Comments

Will Medicare Be Enough?

For Mark Roberts' Use: Throughout most of our lives, housing is often the biggest expense we face. That often changes in retirement, with healthcare becoming the most expensive monthly item in our budget. A 65-year-old couple retiring this year can expect to spend $285,000 on healthcare over the course of their retirement years. And yes, [...]

By |2019-12-22T18:27:28-06:00December 22nd, 2019|Retirement|0 Comments

Some States Don’t Tax Social Security Benefits

For Mark Roberts' Use: After working and paying taxes throughout your career, along with paying into Social Security for all of that time, it might surprise you to learn that your Social Security benefits can actually be taxed in retirement. Depending upon your provisional income, you might owe income taxes to Uncle Sam. Currently, a [...]

By |2019-12-16T08:23:28-06:00December 16th, 2019|Retirement|0 Comments

A Major Medicare Bill Could Change Your Future Benefits

For Mark Roberts' Use: With millions of Americans currently accessing Medicare benefits, and 10,000 new Baby Boomers turning 65 each day, the system is obviously experiencing some growing pains. Retirees, too, are often burdened with considerable out-of-pocket expenses, despite the affordability of Medicare premiums in general. A new bill, currently moving through Congress, seeks to [...]

By |2019-11-18T08:58:56-06:00November 18th, 2019|Retirement|0 Comments

4 Ways to Save for Retirement Without a 401(k)

For Mark Roberts' Use: For retirement planning options, it’s hard to beat the advantages of a 401(k) plan. But if you’re one of the 42 million Americans who work for a smaller business, you probably don’t have access to one. Ditto for the self employed. But that doesn’t mean you don’t have retirement planning options. [...]

By |2019-11-11T09:32:23-06:00November 11th, 2019|Retirement|0 Comments

How Does Your Net Worth Compare?

Building wealth is one of the primary tenets of financial planning, but do you ever wonder how your net worth compares to the rest of the world? We can talk about financial security all day, but what does that really mean in the grand scheme of things? Bloomberg Businessweek sought to answer this question, and [...]

By |2019-10-27T19:16:38-05:00October 27th, 2019|Retirement|0 Comments