Whether you need advice about retirement planning, estate planning, tax planning, college planning, charitable planning, debt management, or insurance planning, there is a financial advisor out there who is well-equipped to help you achieve your goals.
From time to time we get questions about the tax implications of taking funds from the different types of IRAs. Regular IRAs and Roth IRAs have differing distribution rules. Following is a short summary.
You make a living wage and have a strong career, but have you stopped to think about retirement and saving? You are probably doing better than most, because you are good with numbers and have the smarts to be able to ...(more)
Two things to note first this week, which are taxes and politics.
First, the tax filing deadline for federal income taxes is April 18th. Typically it would be Monday April 17th, since the 15th falls on ...(more)
In one of my previous Blogs I discussed the merits of possibly delaying your Social Security until age 70. Under optimal conditions this could mean many more thousands of dollars for your retirement over your ...(more)
I had coffee with a friend yesterday and I couldn’t believe how happy and energized he was. This guy was loving life. Do you know why?
He had cleaned his car!
I know it sounds crazy but it was true. He ...(more)
Written for USA TODAY NETWORK-Wisconsin 7:56 p.m. CT March 11, 2017
By all accounts, President Trump’s first address to Congress on Feb. 28 was well received. Considering the Dow Jones Industrial Average climbed over ...(more)
Investors constantly scan the horizon looking for a stock market correction. While investors sit on their front porch anticipating a stock market correction they leave their back door wide open. Stock market ...(more)
Snow is melting. Flowers are blooming. Grass is growing. Robins are singing. Spring has arrived. With the arrival of spring it’s now time for a little spring cleaning. After months of dark days and cold ...(more)
The stock market did great last year. The Dow was up 13.4%; the S&P gained 9.5%; and the Nasdaq was up 7.5%, according to CNN Money.
But do you remember how things started?
2016 began with the worst five-day ...(more)
Your child, or grandchild is a minor. When a child is entitled to Social Security benefits, the Social Security Administration (SSA) will appoint a representative payee to receive benefits on behalf of the child. ...(more)
The Federal Reserve Board of Governors consists of 7 positions filled by appointment. President Trump already has two vacant seats that need to be filled. Over the next 18 months he may need to fill another 2 or 3 ...(more)
Are you an engineer?
Engineers help make our lives better. What I didn’t realize was that when it comes to finances, engineers are no different than anyone else, except a lot of them work for small companies and are ...(more)
“My college savings plan is the military.” This is a response I got last week from a very serious woman at a college and career planning event I went to. I love the military and I thought it was a great plan. In ...(more)
Over the course of our lives, we make countless decisions about how to invest our time, money, energy, enthusiasm, etc., only to look back at some decisions favorably and others, well, not so much…. But how do we ever ...(more)
The Department of Labor, through its Employee Benefits Security Administration, is charged with overseeing health, welfare and benefit plans offered by employers. This includes 401(k) plans. 401(k) plans are fairly ...(more)
Conventional wisdom states that you should replace from 70 to 85% of your pre-retirement household income. However, most Americans are unable to do this. The truth is that it is an individual decision based on your ...(more)
According to a recent study by Sigfig, a portfolio platform, women are more likely to make money when investing than men. In this study, SigFig looked at 750,000 portfolios and analyzed the anonymized data by gender. ...(more)
Men and women nearing retirement who have gone through a divorce are less likely to feel financially prepared than married couples. Women are most likely to feel financially unprepared than men and this is for good ...(more)
It is tax time once again and no matter how much you hate taxes you should know about the tax advantages of IRA’s. Contributions to IRA’s can help you in many different ways at tax time. They can lower your taxable ...(more)
Information is provided 'as is' and solely for informational purposes, not for investment purposes or advice. BrightScope is not a fiduciary under ERISA. BrightScope is not endorsed by or affiliated with FINRA.