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Pre-Retirement

Retirement

September 11, 2014
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Introduction As an employer, you may want to establish one or more retirement plans for yourself and/or your employees. Having a plan can provide significant benefits for both you and your employees (if any). There are many different types of retirement plans, however, and choosing the right one for your situation is a critical decision.…

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Paying the Bills: Potential Sources of Retirement Income

August 27, 2014
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Planning your retirement income is like putting together a puzzle with many different pieces. One of the first steps in the process is to identify all potential income sources and estimate how much you can expect each one to provide. Social Security According to the Social Security Administration (SSA), more than 9 of 10 people…

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Members of the Military: Estate Planning

August 18, 2014
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Whether you’re a veteran or just starting out in the military, planning and preparing your estate is of vital importance. Why is estate planning so critical? Because, at your death, you leave behind the people you love and all your worldly goods. Without proper planning, you have no say about who gets what, and more…

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Americans Continue to Face Saving Challenges, Survey Finds

April 7, 2014
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According to a survey released last month by America Saves and the American Savings Education Council (ASEC), just 35% of Americans feel they are making good or excellent progress in saving money. Nearly two-thirds (63%) say they’re making fair or no progress. However, nearly 7 out  of 10 (68%) say they are spending less than…

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Early Retirement Plan Withdrawals and Your Taxes

April 3, 2014
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Taking money out early from your retirement plan may trigger an additional tax. Here are seven things from the IRS that you should know about early withdrawals from retirement plans: 1. An early withdrawal normally means taking money from your plan before you reach age 59½. 2. If you made a withdrawal from a plan last year,…

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401(k) Plans

March 17, 2014
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Qualified cash or deferred arrangements (CODAs) permitted under Section 401(k) of the Internal Revenue Code, commonly referred to as “401(k) plans,” have become one of the most popular types of employer-sponsored retirement plans. How does a 401(k) plan work? With a 401(k) plan, you elect either to receive cash payments (wages) from your employer immediately,…

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Five Facts about Unemployment Benefits

March 11, 2014
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If you lose your job or your employer lays you off, you may be able to get unemployment benefits. The payments may be a welcomed relief. But you should know that they’re taxable. Here are five important facts from the IRS about unemployment compensation: 1. You must include all unemployment compensation in your income for the…

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IRS Kicks Off 2014 Season: Individual Returns Can Be Filed Now

February 4, 2014
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Jan. 31, 2014 WASHINGTON — The Internal Revenue Service today opened the 2014 filing season by highlighting a growing array of online services and encouraging taxpayers to check out a variety of tax benefits, such as the often-overlooked Earned Income Tax Credit. Taxpayers have until Tuesday, April 15, 2014, to file their 2013 tax returns…

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Teach Your Children Well: Basic Financial Education

April 4, 2013
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Even before your children can count, they already know something about money: it’s what you have to give the ice cream man to get a cone, or put in the slot to ride the rocket ship at the grocery store. So, as soon as your children begin to handle money, start teaching them how to…

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Financial Planning–Helping You See the Big Picture

April 1, 2013
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Do you picture yourself owning a new home, starting a business, or retiring comfortably? These are a few of the financial goals that may be important to you, and each comes with a price tag attached. That’s where financial planning comes in. Financial planning is a process that can help you reach your goals by…

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