I spent 2 days last week at a continuing education conference with Ed Slott & Company. This is my third year in the program. Slott has been a thought leader in retirement and distribution planning for over thirty years. My Master Elite membership gives me full...
Social Security Status: Ignore the Headline Hype Social Security issued its Annual Trustees report on August 31. The report discussed the long-term financial status of the program. However, different media sources report the same data in very different ways. Some...
Plan Enrollment Errors: Advance Planning is Good Medicine Combine the federal government with the US tax and healthcare systems and what do you get? One very complicated maze of rules and regulations called Medicare! Medicare’s complex rules are confusing and can...
The Three Most Important Investment Decisions Many investors believe active stock picking, choosing the hottest fund, or timing the market is the best path to achieve wealth. Yet many well documented studies indicate this path produces poor results that are caused by...
The SECURE Act Becomes Law in 2020 The Setting Every Community Up for Retirement Enhancement Act (aka SECURE Act) was passed by Congress and will become law January 1, 2020. There is a lot to unpack beneath the surface, so let me give you a high-level summary. As I...
Options to Choose, Not Choose, or Defer to a Later Date Not all plans include the so-called “In plan conversions” detailed below, which allow existing pre-tax 401K dollars to be converted to after-tax ROTH 401k dollars. They can be a good way to build tax-free income...
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