Financial planners and thought leaders from the Personal Financial Planning Section of the American Institute of CPAs recently held a thought leadership seminar to determine the top retirement planning and aging issues facing Americans -- and how they’re changing due to demographic, financial and social factors...
How procrastination hurts your IRA’s bottom line
It is inevitable every year – when the beginning of April rolls around, our office is inundated with requests from clients for help with making a contribution to their IRA account. Though an individual has from January 1 to the April tax deadline of the following year to do this, recent research by Vanguard finds that many of us suffer from an all-too-human fault: procrastination in the timing of our contributions...
To Roth or not to Roth – That is the question…
Anne Tergensen of the Wall Street Journal recently wrote the article below on the subject of Roth accounts. It makes a compelling case for why the traditional wisdom of Roths making more sense for younger investors may not be entirely true. Indeed, the Roth’s main selling point – tax-free distributions on qualified withdrawals – is advantageous for any retirement situation as it provides flexibility of income sources for a retiree...
Retirement Readiness – A Helpful Checklist
I ran across the following checklist at Morningstar, which does a great job of breaking down some key issues to think through when one starts planning for retirement. In truth, these are the steps we walk all of our clients through when it comes to retirement planning. We find it definitely helps them to think through all of the important variables and tackle these tasks in a logical sequence...