Should you take a loan from your retirement account?

In the wake of the pandemic, many Americans have lost their jobs and are struggling to make ends meet. One avenue is to take a loan from their retirement accounts. But should you? This question suggests a multitude of responses and is one of the most frequently asked questions by retirement participants. Let’s take a …

CARES Act clarification for trustee/plan sponsors

The Coronavirus Aid, Relief, and Economic Security Act (CARES Act) which was signed into law on March 27, 2020, provides dollar relief to those suffering as a result of the coronavirus. So, what should you know as a trustee/plan sponsor of your company’s retirement plan? First, we need to understand who is eligible to receive …

The SECURE Act. Ready or not, here it comes

It’s been a long time coming but Congress just passed the Setting Every Community Up for Retirement Enhancement (SECURE) Act. President Trump signed the bill on Friday, December 20, 2019 as part of the government’s spending bill and it took effect January 1, 2020. So how will the SECURE Act effect your retirement savings? Below …

Retirement: not saving enough isn’t your only concern

You know when you want to retire and you’re laser-focused on saving to get there. However, retirement planning isn’t JUST about saving enough money. There are other factors you need to consider. Otherwise, it won’t matter how much you save if you don’t plan properly. The unexpected You may have already jotted down what you …

4 Major retirement pitfalls to avoid

People like to avoid talking about retirement. It’s a moment for many to become a real-life ostrich and bury their heads firmly in the sand. Why? They think retirement planning is a conversation that focuses on the end of your life, so they ignore it. However, it’s about how to best enjoy your life. To …

Save $68,000 in retirement: Financial advisor cuts cord

My weekend started like most other lazy family days – recovering from a busy work week. After breakfast and after the kids carefully loaded their dirty dishes into the washer, the young ones drifted over to the couch for a little Saturday morning TV. These days, Saturday morning cartoons are different than my experience. I …

Retirement playbook: 5 step strategy

When you think about retirement planning, what comes to mind? Money? While that’s a legitimate concern, most people skip over the all-important first step. It has nothing to do with money and overlooking it could mean you’re not adequately preparing for your future. That first step is just one of five that will help get …

Is your Social Security income keeping up?

Social Security is a vital source of needed revenue to American retirees who spent an entire career paying into this government program. This monthly income helps millions of U.S. Households meet their expenses, pay for health care and support their families. Many lose sleep over the state of this vital government program. It is widely …

Generating income from real estate

There are many ways to generate an income from different investments when reaching that retirement stage in your life. One investment that is rising popular to the public is owning commercial or residential real estate. With hopes of long-term profit there is also risks you must understand when it comes to purchasing any real estate. …