The Setting Every Community Up for Retirement Enhancement Act of 2019 was passed by Congress and signed into law at the end of 2019. The SECURE Act, as it’s known, represents the most sweeping set of changes to retirement legislation in more than a decade. It has several benefits for American retirees—and some drawbacks as …
Finanicial Risk
Do I have enough savings to retire?
A few families I’ve met with lately have seemed uncomfortable and even embarrassed as we talked about their situation. I see this a lot. Many people think that they are supposed to have a certain amount saved or have achieved some financial goal by a specific time. How much is enough to retire? Clients ask …
Do I Have Too Much Stock in My Retirement?
Is it possible to have too much stock in your mix of retirement investments? A recent Fidelity Investments analysis suggests maybe so. Fidelity is one of the largest retirement plan custodians and its analysis looked at more than 30 million retirement accounts. The analysis found that more than 37 percent of Baby-Boomer-aged plan participants had …
Five Wealth-Destroying Habits to Avoid
Regular readers know that I expect the economy to slip into recession within the next 12 months. This is based on the expert analysis of veteran economists whom I trust. However, I’ve been thinking this for the last two years, and been proven wrong. It’s a reminder that none of us knows as much as …
11 characteristics to look for—or avoid—in a financial planner
When you decide you need a financial planner, it’s hard to sort through them all to find the one that makes the most sense for you. I’ve put together a list of things to look for—and things to avoid—when you’re seeking a partner to help you plan your financial future. Three things to avoid: A …
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10 ways the financial planning industry has changed
10 ways the financial planning industry has changed In recent years, the financial planning profession has changed a lot. Technically the profession is 50 years old, so you would expect some changes. But specifically, I’m thinking of all the changes I have seen since I started in the business in 2002. The financial advice business …
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