Secure Act Attached to Ominbus Spending Bill It appears that the Omnibus Spending Bill will be signed into law by the end of the day. Along with the all the other hidden gems stuffed into different parts of this bill is the Secure Act.The Secure Act is the first piece of major legislation impacting retirement […]

We all know that a 401(k) is one of the most important retirement planning tools we have: The potential tax benefits and power of compound interest can make it a great savings and investment tool for anyone who practices financial discipline and contributes regularly. But your contributions aren’t the only things to consider when figuring […]

I open many of my talks with a simple question. What is the most important financial decision you will need to make when planning for retirement? Then I turn to the audience and ask for their answers. At least one person will shout out, When should I start collecting my Social Security benefit?To begin to answer this […]

I start out my workshops with a simple question. What is the most important financial decision you are going to make when preparing for retirement? After polling the group, I share what I believe. The most important financial decision you are going to make when preparing for retirement is “Who are you going to listen to”. […]

Every October, the Social Security Administration announces the COLA or cost of living adjustment for the coming year. The 2020 COLA is 1.6% which is below the original estimate announced earlier this year. This information and much more can be found at https://ssa.gov/cola. A 1.60% increase sounds pretty low but is it?The average COLA over the […]