Webinar – Complying with New Retirement Plan Regulations
Andrea Donaldson, Vice President of Retirement Plans, Henry+Horne Wealth Management walks you through the latest updates to retirement plan regulations. Watch video
THE Wealthier + Wiser Blog
Category: Retirement Planning Ideas
Nearing retirement and COVID decimated your retirement account. Now what?
2020 was poised to be a pivotal year – the US was experiencing record low unemployment, foreign trade negotiations remained constructive and the stock market continued to set fresh new highs. While many anticipated it would be a volatile year with the presidential election, few were prepared for a global pandemic and the fallout experienced …
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 …
Coronavirus, Aid, Relief and Economic Security (CARES) Act FAQs
In the fight against COVID-19 and the damage the pandemic has done to the economy, Congress enacted the Coronavirus, Aid, Relief and Economic Security (CARES) Act. A key provision deals directly with retirement plans and sponsors. Check with your individual plan to verify the following is allowed. Can I make withdrawals from my retirement funds …
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 …
5 Steps to consider when deciding how to retire
According to TV commercials, the dream of retirement looks like wearing flowing, all-white clothes with wind-blown hair on a white sandy beach. Another retirement vision you frequently see portrays a swarm of grandchildren visiting grandparents at a well-built cabin in the woods. No matter what your vision of retirement involves – long walks on the …
Financial decisions you will regret in retirement
I’ve met a lot of people who have never done any planning for retirement. According to some studies, 50% of Americans have no savings for retirement. Other studies show the average person spends more time every year planning for their vacation than their retirement. Seems like most Americans put off planning almost indefinitely. It’s not …
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 …