In the Revenue Act of 1978, the 401(k) retirement savings plan was born. This law gave employees the choice to receive a portion of their earnings as deferred compensation held in a special account. The employees did not pay tax on that money in the year it was earned. They would pay income tax in …
Archives for June 2018
How am I doing on retirement savings?
“How am I doing on my investment or retirement goals?” is a question I get pretty often, most often from acquaintances, not clients. The questioner is usually looking for a comparison to other people her age to gauge whether the she’s ahead of or behind her peers. And my answer is typically some variation of, …
Father’s Day Advice
“A goal without a plan is just a wish.” ― Antoine de Saint-Exupéry With Father’s Day coming soon, I reflect as a father, and a son, on the opportunity I have to help my children have a better life. So I thought I would offer some life-changing advice. Here it is: “A goal without a …
Dollar cost averaging benefits
The stock markets have been rising since March 2009. The average market expansion lasts about five years, so many experts believe we are due for a pull back. It’s all part of the normal market cycle. The current market phase is the peak phase which usually has more volatility in the price of investments. So, …