If you think that concerns over one’s ability to retire are limited to the young, think again. Sure, younger generations are saddled with unprecedented student loan debt, and they can no longer count on Social Security as a guaranteed source of income in their later years, as their parents and grandparents could. But a 2019 […]
Multiple Employer Plans (MEPs) have been around for decades, yet, many people have never heard of this type of retirement plan. A multiple employer plan is a plan maintained by two or more unrelated employers. MEPs are often coordinated via a trade or business association. For example, an MEP could be sponsored by a state […]
I continually write on fiduciary issues and am very amazed by the number of lawsuits still being initiated and settled. The trend is certainly not slowing down and fiduciaries, beware. Please note that even though the service provider’s name is often in the headlines, it is the plan fiduciaries that are being sued. Additionally, I […]
One of the first steps to building a solid financial plan is to accumulate a cash reserve. Popular financial planning rules of thumb suggest keeping 3-6 months of living expenses in cash. Homeowners and those in jobs subject to layoffs may prefer to keep a year or more in cash reserve. A cash reserve is […]
Part 1: Car Insurance I’ve noticed a few recurring themes from financial plans this past year. They have nothing to do with investments, but they are in many ways, so much more important. It turns out, there are a few items in your financial life that require consistent maintenance. Dropping the ball could cost you […]
