All About Roth 401(k)s

“My company just started offering a Roth 401(k). What should I do?” This is a question I receive at least monthly from clients.  Since their invention in 2006, Roth 401(k)s have become more prevalent in employer plans. Having the flexibility to decide whether to contribute to a traditional, pre-tax 401(k) plan or the after-tax option … Continue reading All About Roth 401(k)s

A Little-Known 401(k) Strategy Lets you Have your Cake and Eat it Too

It’s human nature to want to exert control over our stressors, and who among us has never felt fear when it comes to retirement planning?  While we have no control over market performance, a good financial advisor can often suggest strategies you’ve never heard of that can give you more control and potentially boost your retirement … Continue reading A Little-Known 401(k) Strategy Lets you Have your Cake and Eat it Too

The Myth of a Free 401(k)

A financially savvy client of mine was surprised last week when I mentioned that her 401(k) plan was not free. “But I checked with my company,” she said. “I asked what the plan costs, and they said it’s a free employee benefit.” On the surface this may appear true, but, in fact, 401(k) plans are … Continue reading The Myth of a Free 401(k)

Inadequate tax planning can mean lost income for investors

Financial advisors need to pay more attention to strategic tax planning. In my experience, too many clients are leaving money on the table because their advisor is overlooking opportunities to maximize tax savings in clients’ portfolios. How do I know this? I see it more often than I’d like when reviewing a potential new client’s … Continue reading Inadequate tax planning can mean lost income for investors

6 Things to Know About Required Minimum Distributions (RMDs)

If you are one of the fortunate ones who has stashed away pre-tax savings in an Individual Retirement Account (IRA) over the years, the IRS will be taking note of your 70th birthday. That’s when the government wants you to start paying taxes on the money you have accumulated. (IRAs are tax-deferred, not tax-free.) When … Continue reading 6 Things to Know About Required Minimum Distributions (RMDs)

Is This Bull About to Leave the Ring? A Message for Retirees

It’s possible that history’s longest running bull market may soon see a correction. Some of my clients are beginning to ask what they should be doing differently with their investments in light of this possibility. First, let me remind you that “correction” is not a four-letter word. I don’t blame you for thinking it is … Continue reading Is This Bull About to Leave the Ring? A Message for Retirees

Information Overload Versus Information Avoidance

Are you suffering from TMI or is it just me? In modern parlance, TMI stands for “too much information.” When I’m talking with my teen-aged daughter and she suddenly moans, “TMI, mom, TMI,” I know it’s time to get to my point. These days, many of us are feeling like we live in a general … Continue reading Information Overload Versus Information Avoidance

Financial Advice in the Age of Artificial Intelligence

How is it that our cars, phones and computers have become so smart, capable of taking on a growing number of functions in our day-to-day lives? Two words—Artificial Intelligence (AI). We can ask Siri, iPhone’s digital assistant, to order a pizza. Alexa, Amazon’s helpful contender, can create shopping lists and then buy the items with … Continue reading Financial Advice in the Age of Artificial Intelligence

The Price of Investment Advice: 3 Types of Financial Advisors and How to Choose the Right One

We’ve become spoiled. These days digital tools make it easy to shop online and compare prices for just about anything from running shoes to computers to professional service providers like doctors and accountants. But one industry has always stood out for its opaqueness and lack of transparency when it comes to pricing—investment advice and services. … Continue reading The Price of Investment Advice: 3 Types of Financial Advisors and How to Choose the Right One