In the next 24-48 hours, we will know for certain the fate of the Tax Cuts and Jobs Act. With the House voting to pass the reconciled bill this morning*, the Senate is set to vote on it this evening. Barring any last-minute hiccups, it appears that change will be inevitable for 2018 taxes....
What a Boomerang Kid May Cost You
Sometimes when they leave the nest, they find their way back again…but what kind of impact does continuing to support your adult children have on your retirement security? Sharing a report from NerdWallet below, which says that future retirees lose about $227,000 in possible retirement savings from helping their adult children pay for their groceries, rent or housing and other bills....
Get Retirement Savings Back on Track
According to research from the Transamerica Center for Retirement Studies, 27% of U.S. workers have taken some form of loan, early withdrawal or hardship distribution from an IRA, 401(k) or similar plan. But if you’re now looking at your retirement balances and realizing that it’s not enough, it’s time to do some serious heavy lifting to get yourself back on track....