IRA

How to Avoid Retirement Woes

Help grow your savings even more by putting the 3 A's (account, amount, and asset mix) to work for you.

In over 40 years of business, our firm has never lost any money for our clients, in part because they don't own mutual funds. The following article seeks to simplify the many complexities of mutual fund expenses so investors are able to discover the true costs associated with mutual fund ownership.

Women are stepping up their games in all areas of life. They are being more outspoken than ever when it comes to the creation of change—for the better. They are building networks and combining efforts like never before. And, they are breaking records.

Time certainly goes by fast. One day you’re interviewing for your first job and the next thing you know you’re a few short years from applying for Social Security.

We all have our own unique way of handling our finances. While some of us are natural born savers, others may have a hard time making it to the next paycheck. Fortunately, most of us fall somewhere in-between, putting away money at times, while making frivolous purchases at other times.

If you’re expecting a bonus check from your employer this year, you may be tempted to blow it all on the latest iPhone or a bigger TV. But before you decide to splurge, first take a look at your overall financial picture to make sure you’re taking the best advantage of that extra cash:

The vast majority of Americans, 78 percent, say they’re “extremely” or “somewhat” concerned about not having enough money for retirement, according to Northwestern Mutual’s 2018 Planning & Progress Study.  And for good reason:

Even though tax filing season is well under way, there's still time to make a regular IRA contribution for 2018. You have until your tax return due date (not including extensions) to contribute up to $5,500 for 2018 ($6,500 if you were age 50 or older on December 31, 2018).

Every year, the Internal Revenue Service announces cost-of-living adjustments that affect contribution limits for retirement plans and various tax deduction, exclusion, exemption, and threshold amounts. Here are a few of the key adjustments for 2019.

Employer retirement plans