Life insurance policies can offer different benefits to different people, depending on where they are in life. Term and whole-life insurance are just two types of life insurance that people can use to protect their loved ones from a variety of expenses they may not be able to take care of on their own. Learn… Read More Choosing Between Term and Whole Life Insurance: Which Is Right for You?
In the final days of 2022, Congress passed a new set of retirement rules designed to make it easier to contribute to retirement plans and access those funds earmarked for retirement. The law is called SECURE 2.0, and it’s a follow-up to the Setting Every Community Up for Retirement Enhancement (SECURE) Act, passed in 2019.… Read More SECURE Act 2.0: An Overview
…and 403(b) Plans & 457 Plans First things first, a 401(k) is NOT an investment. It is a TYPE of qualified retirement account. You, as the participant of the company retirement plan, must choose HOW to invest your money within the 401(k) account. When you start a job at a mid-sized or larger private employer,… Read More The 401(k) Cheat Sheet…
“It turns out my job was not to find great investments but to help create great investors,” writes Carl Richards, author of “The Behavior Gap.” From increasing our budget mindfulness to taking a steadier approach to investing, Richards has drawn attention to how our unexamined behaviors and emotions can be to our detriment when it… Read More Closing the Behavior Gap: Building a Bridge Between Investing & Financial Planning
Are you prepared for 2023? From soaring inflation and rising interest rates to the ongoing effects of the pandemic and war in Ukraine, we can expect the economic landscape to remain predictably unpredictable for the foreseeable future. And Mr. Market doesn’t like it when it’s foggy. While there’s not much we can do to influence the… Read More 2023 Financial Planning: Your Key To-Do List for the New Year
While there is no one-size fits all, avoiding these mistakes is a good start. A lot of 401(k)/403(b) investors end up making the same mistakes when choosing their investments. The results are low returns and unbalanced portfolios. Avoiding these four mistakes is a good start for getting more out of your 401(k)/403(b). There is no… Read More Four Common 401(k) & 403(b) Mistakes to Avoid
Are you invested appropriately in your company retirement plan?… Read More Are You Invested Optimally in Your Company Retirement Plan (401k, 403b, 457)?
Keith Weiss CFP® 