Some people fantasize about receiving an inheritance like it will be a dream come true. But when it comes to giving an inheritance and deciding who should receive what, the process can be a lot less thrilling. Setting up wills and trust funds isn’t a process that can happen overnight. You will need to consider […]
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Decisions, Decisions: Choosing Among Retirement Plan Contribution Types
If your employer-sponsored 401(k)or 403(b) plan offers pre-tax, Roth, and/or non-Roth after-tax contributions, which should you choose? How do you know which one might be appropriate for your needs? Start by understanding the features of each. PRE-TAX: FOR THOSE WHO WANT LOWER TAXES NOW With pre-tax contributions, the money is deducted from your paycheck before […]
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Transitioning Into Retirement Can Be A Good Thing
If you’re considering retirement within the next five years or so, you’re in the retirement “zone.” This is a critical time period during which you’ll be faced with a number of important choices, and the decisions you make can have long-lasting consequences. THE RETIREMENT “ZONE” It’s a period of transition: a shift from a mindset […]
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Understanding Defined Benefit Plans
You may be counting on funds from a defined benefit plan to help you achieve a comfortable retirement. Often referred to as traditional pension plans, defined benefit plans promise to pay you a specified amount at retirement. To help you understand the role a defined benefit plan might play in your retirement savings strategy, here’s […]