Retirement – TAG Financial Solutions

5 Retirement Concerns Too Often Overlooked October 4, 2018 by Todd A. Gaswick Baby boomers entering their “second acts” should think about these matters. Retirement is undeniably a major life and financial transition. Even so, baby boomers can run the risk of growing nonchalant about some of the financial challenges that retirement poses, for not all are immediately obvious. In looking forward to their “second acts,” boomers may [...]

Is Now the Right Time to Go Roth? October 4, 2018 by Todd A. Gaswick Some say yes, pointing to the recent federal tax reforms. Will federal income tax rates ever be lower than they are right now? Given the outlook for Social Security and Medicare, it is hard to imagine them falling much further. Higher federal income taxes could very well be on the horizon, as the tax cuts [...]

Are Changes Ahead for Retirement Accounts? October 3, 2018 by Todd A. Gaswick A bill now in Congress proposes to alter some longstanding rules. Most Americans are not saving enough for retirement, despite ongoing encouragement to do so (and recurring warnings about what may happen if they do not). This year, lawmakers are also addressing this problem, with a bill proposing big changes to IRAs and workplace retirement [...]

Financial Considerations When Buying a Car October 3, 2018 by Todd A. Gaswick Things to think about before heading to a dealership. Time to buy a car? Short of buying a house, this is one on the most important purchases you will make. It’s also one that you might be making several times through your life, comprising of thousands – sometimes tens of thousands – of dollars. If [...]

Underappreciated Options for Building Retirement Savings October 3, 2018 by Todd A. Gaswick More people ought to know about them. There are a number of well-known retirement savings vehicles, used by millions. Are there other, relatively obscure retirement savings accounts worthy of attention? Are there prospective benefits for retirement savers that remain under the radar? The answer to both questions is yes. Consider these potential routes toward greater [...]

Financial Fraudsters Preying on Boomers & Elders August 6, 2018 by Todd A. Gaswick If something sounds too good to be true, it probably is. If you are in or near retirement, it is a safe bet that you would like more yield from your investments rather than less. That truth sometimes leads liars, scammers, and fraudsters to pitch any number of too-good-to-be-true “investment opportunities” to retirees. Given all [...]

The Snowball Effect August 6, 2018 by Todd A. Gaswick Save and invest, year after year, to put the full power of compounding on your side. Have you been saving for retirement for a decade or more? In the foreseeable future, something terrific is likely to happen with your IRA or your workplace retirement plan account. At some point, its yearly earnings should begin to [...]