Retirement Newsletter – September 2021

Possible changes for catch-up contributions. Since 2002, Americans aged 50 and older have been permitted to make annual “catch-up” contributions to popular retirement accounts – but according to Vanguard’s 2021 How America Saves report, just 15% of retirement savers do. One factor may be the limits on these contributions. Many pre-retirees who are old enough […]

Read More… from Retirement Newsletter – September 2021

Retirement Newsletter – August 2021

Can having three good friends promote a happy retirement? We can reasonably say that the more money you retire with, the more potential you have to enjoy retirement. Now, what about friendship? If you maintain some strong friendships and an active social circle after age 60, can that make a big difference in the quality […]

Read More… from Retirement Newsletter – August 2021

Retirement Newsletter – July 2021

Is financial health a factor in your overall health? Data from a newly released Harris Poll of more than 1,000 U.S. Workers suggests that a majority of pre-retirees might answer “Yes” to that question. Sixty-six percent of respondents to the poll identified their financial health as a component of their overall well-being. In fact, financial […]

Read More… from Retirement Newsletter – July 2021

Retirement Newsletter – June 2021

Could a Second Secure Act Tweak Retirement Rules? When the Setting Every Community Up for Retirement Enhancement (SECURE) Act became law in 2019, it altered retirement plan contribution and distribution rules. There may be an encore. The Securing a Strong Retirement Act of 2021, nicknamed SECURE Act 2.0, has bipartisan support on Capitol Hill, and […]

Read More… from Retirement Newsletter – June 2021

Retirement Newsletter – April 2021

Are your federal income taxes due in may? Maybe, maybe not. In March, the Internal Revenue Service announced that it was pushing the deadline for 2020 federal tax returns ahead to Monday, May 17. This extended due date does not apply to all individual taxpayers, though. For example, if you live in Texas, Oklahoma, or […]

Read More… from Retirement Newsletter – April 2021

Retirement Newsletter – March 2021

Need cash? Avoid tapping your retirement account. Imagine if your 35-year-old self magically appeared in front of you one day and asked for a percentage of your retirement savings or a bit of your retirement income. While this would never happen, something financially analogous happens in the lives of too many people. They withdraw assets […]

Read More… from Retirement Newsletter – March 2021

Retirement Newsletter – February 2021

Evaluating an opportunity for an early retirement. The pandemic has hastened the retirement of some baby boomers, and the linked furloughs and layoffs in many industries have led others to wonder if a retirement transition might come sooner than they think. Buyouts became common last year as businesses cut costs. What if you receive one […]

Read More… from Retirement Newsletter – February 2021

Retirement Newsletter – January 2021

To retire, or not to retire? For some of us, the coronavirus pandemic has complicated the question. As yahoo! Finance reports, a harris poll study conducted this past summer found that 25% of gen xers and 14% of baby boomers think they will retire later than they planned, because of the pandemic’s financial impact on […]

Read More… from Retirement Newsletter – January 2021

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