Author: Luke

Will the Coronavirus Selloff Ruin Your Retirement?

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Markets are swinging and fears are mounting. What does that mean as retirement looms?   The final week of February was a brutal one for the stock market, as fears of a worldwide coronavirus outbreak sparked a massive sell-off. Now you’ll often hear that you don’t have to worry about losing money in a stock market downturn … Continued

Retirees’ Top Financial Concerns All Revolve Around This 1 Thing

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Hint: It’s something unavoidable for seniors. Though retirement is an exciting milestone to look forward to, the idea of it can be nerve-wracking. After all, there’s a host of financial unknowns associated with retirement, and living on a fixed income leaves many seniors struggling to make ends meet. It’s therefore encouraging to learn that 84% … Continued

SECURE Act a game-changer for retirement plans

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The most significant legislation affecting retirement became law — as of Friday, Dec. 20. Congress passed an important retirement-savings law called Setting Every Community Up for Retirement Enhancement, or the SECURE Act of 2019. The law takes effect on Jan. 1, 2020. After stalling for months, Congress suddenly passed the bills as an attachment to … Continued

Mentors

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Here is a good read we found on the subject of Mentors. This article is from the news organization CNBC and is titled:   31-year-old self-made millionaire: I spent $70,000 on mentorship in 6 months—here’s why it was worth it   Go to the CNBC website to read the full article at: https://www.cnbc.com/2018/04/11/31-year-old-millionaire-i-spent-70000-on-mentorship-in-6-months.html   For … Continued

6 things I wish I could tell my 20-year-old self about money

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Your 20s are one of the most important periods in your financial life. It’s a time when you’re finishing college, starting a career, building credit, and making some of your biggest financial decisions. Are there things you can do right now to set yourself up for success later? Yes! I’m 27 now, and I already … Continued

How to financially plan for an Alzheimer’s or Dementia diagnosis

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You or a loved one may have just received an Alzheimer’s or dementia diagnosis, and while you may ride waves of shock and sadness, your thoughts may also turn to how you’ll take care of your loved ones (and yourself) financially. Americans living with Alzheimer’s currently number 5.8 million. One in three seniors dies with … Continued

Real Estate Is Back as Americans’ Favorite Long-Term Investment

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            Real Estate Is Back as Americans’ Favorite Long-Term Investment Stocks have long been the most glamorous of the major asset classes. Many a Hollywood film has centered around making fast money in the stock market, and becoming a Wall Street big shot. But despite their great long-term returns—they’ve averaged … Continued

Everything You Need to Know About Rolling Over a 401k Account

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Everything You Need to Know About Rolling Over a 401k Account   An employer-sponsored 401(k) retirement plan is one of the best ways to save for retirement. They’re easy to set up, you can contribute directly from your paycheck and you receive significant tax benefits by participating. Your employer may even match your contributions up to a certain amount, which … Continued