Tag: retirement

401(k) 101: Six Things You Need to Know Before You’re 50

401(k) retirement funds
Considerations for Your 401(K) as You Approach Retirement Age

Contributing to your 401(k) is a habit you’ll want to start as soon as you enter the workforce. Likely, it will become a yearly or monthly contribution you don’t actively think about for the most part. However, as retirement approaches, it becomes even more imperative for you to understand your 401(k) and the best ways to access it. Here are six things to know about your 401(k) as you approach age 50.

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Social Security Taxes Will Rise Higher than Benefits in 2021: Are You Prepared?

social security taxes
Learn How These Changes Will Impact Your Financial Security

Each year, the Social Security Administration announces important numbers that impact both workers and retirees. In October, new wage base and benefit information for 2021 was released and it means a significantly larger tax bill for nearly 12 million high-earning workers. Why? Let’s dig into the numbers for both taxes and benefits below.

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Understanding the SECURE Act and How it Could Affect Your Retirement

Learn more about the sweeping legislation designed to fight America’s retirement savings crisis

In May 2019, the U.S. House of Representatives passed the Setting Every Community Up for Retirement Enhancement Act, commonly called the SECURE Act. Designed to help tackle our country’s growing retirement savings crisis, the far-reaching legislation spent months tied up in the Senate. On December 19, 2019, it passed the Senate with a 71 to 23 majority.

Let’s take a look at a few standout provisions of the legislation and discuss what they could mean for you.

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Have You Written Your ‘Legacy Letter’ Yet?

When you think about leaving a legacy for future generations, does your mind automatically associate this idea with financial assets? It’s normal to want to put an estate plan in place that will benefit your heirs, but you may want to think outside the box, too.

Why? Well, there are some things that money just can’t buy.

In truth, your legacy is about much more than just your hard-earned assets. You have a wealth of life experience and wisdom to share, too. A great vehicle for preserving this intangible type of asset is a Legacy Letter.

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