Asset allocation, in basic terms, is the division of investment assets among numerous asset classes. At its simplest, one would divide their investment dollars among stocks, bonds and cash, with the percentage allocated to each determined by the individual’s time horizon and risk tolerance. The … Read More
Use Your 401(k) as a Retirement Savings Plan, Not a Piggy Bank
With the enactment of the Revenue Act of 1978 the modern day 401(k) retirement plan was born. After a modest beginning, employer sponsored retirement plans have become a major factor in how we save. So much so that, for many Americans, the employer sponsored 401(k) plan is the only place they are … Read More
The 7 Biggest Baby Boomer Retirement Mistakes
According to the Pew Research Center, roughly 10,000 Americans will celebrate their 65th birthday every day for the next 19 years. The first Baby Boomers - born between 1946 and 1964 - are moving from the workforce into retirement. There is a large amount of research done related to this change in … Read More
Family & Finances – Balancing Financial Priorities
The backbone of a successful financial life is a combination of planning for the future and budgeting in the present. Over time your plan will change as your income (hopefully) increases and the shape of your family transforms. Things are much different for newlyweds in their late-20s than the … Read More
Are these Five Myths Keeping You From Starting a 401k Retirement Plan?
There are currently more than 40 million Americans who do not have a retirement plan offered to them in the workplace. According to the U.S. Small Business Administration the majority of those without a workplace option are employed by small businesses and those with less than 100 employees. As a … Read More