How to Maximize Savings with an IRA: Rules & Limits for 2021

An Individual Retirement Account (or IRA) is an “individual retirement plan” that is funded through personal contributions. IRAs are a great addition to traditional 401(k)s and allow individuals to save for retirement with tax-free growth or on a tax-deferred basis, depending on the type of IRA. Basic Definitions There are

Read More

How to Balance Multiple Savings Goals to Meet your Needs

There are many ways to evaluate how to spend your income earned: a portion on fixed expenses, another percentage on discretionary expenses, and the balance to future savings. But what happens when you have more than one savings goal? How should the total amount saved be allocated among goals?  This

Read More

Securing a Strong Retirement Act of 2020

COVID-19 has had a monumental impact on the economic landscape in 2020, and the repercussions will be felt long after the year is over. While economic studies of retirement contributions for 2020 have found that most participants stayed the course during the pandemic and continued regular retirement contributions, the overwhelming

Read More

Understanding Long-term Care Insurance

It is a widely accepted fact that medical costs have been on the rise for some time, and the concern for the future burden of these costs is a valid one. As individuals live longer, many of those years in retirement, there is a stronger likelihood that some long-term care

Read More

Retirement Planning: How Much Do You Need?

Have a relaxing and stress-free retirement requires a large amount of careful planning for it to be successful. Each person has a unique situation that must be evaluated when trying to achieve the goals they have in mind. The key to estimating how much you will need in retirement is

Read More