A noted economist disputes that generalization. True or false? You may have heard this claim before (or something like it): “Many Americans are being forced to retire later because their savings and investments took a hit in the Great Recession.” Recently, a big-name economist disputed that belief. In a commentary for Bloomberg, former White House [...]

Are you taking full advantage of your company’s 401(k)? The 401(k) plan is one of the most widely-utilized wealth creation tools offered Americans. These retirement savings plans have several advantages, including dollar cost averaging, tax savings and tax deferral.  However, one of the most powerful advantages is the company match. If your company offers a [...]

The Healthcare reforms may lead to some short-term aid. Could Medicare soon be in better shape? Maybe. At the start of August, Medicare’s politically appointed trustees reported to Congress that Medicare should remain financially in the black through 2029, a 12-year improvement over last year’s estimate.1 They credited the healthcare reforms carried out by Congress [...]

Create a pool of healthcare dollars that will grow in any market. How will you pay for long term care? The sad fact is that most people don’t know the answer to that question. But a solution is available. As baby boomers leave their careers behind, long term care insurance will become very important in [...]

Useful savings plans for the smallest businesses. Do you own a small business with a few employees? Are you self-employed? In either case, the SEP IRA may be the ideal low-cost, easily administered retirement savings plan for you. This is a simple pension plan using a traditional IRA. (SEP stands for Simplified Employee Pension.) It [...]