Mutual Funds vs. ETF’s

By | March 20th, 2019|Markets, retirement, Video|

Our partners at Charles Schwab produced this short video to help explain the difference between Exchange Traded Funds (ETF’s) and Mutual Funds.    It’s common amongst investors to have little understanding of the difference between the two. There are times when it makes sense to choose one over the other. Timing, taxes and expenses are all factors.

Schwab now has over 2000 ETF’s and Mutual Funds that can be purchased with no commission or transaction cost.   We help our clients navigate this broad universe of investment options, to build low cost portfolios designed to meet the client’s future goals. We can help you sift through the details when it comes time to invest your money.

Click on PLAY above to check out this SHORT, 3 minute clip, and call us if need help with your investment plan!

Income Calculator – Translating Your Savings to Retirement Income

By | March 1st, 2019|DFA, Dimensional Fund Advisors, retirement|

Focusing on INCOME when investing for retirement, and following a strategy that addresses the RISKS that can affect your future income and standard of living is extremely important! Many are saving and investing to support future spending, but most are focused on a magic number, not the income that a that number can support. Ask yourself…

How much income should I expect my retirement savings to generate once I stop working? When thinking about retirement, understanding how much income you can expect makes planning easier, and having a clear picture of where you are today can help you make informed decisions that can influence your future.

THIS CALCULATOR is designed to help give you a sense of how much income your savings may provide in retirement based on several inputs and an assumed asset allocation that shifts over time.

RETIREMENT INCOME CALCULATOR

If you would like to see how this calculator can fit within an overall retirement plan, please feel free to reach out to our office today!!

IRS Boosts Contribution Limits for 2019!

By | November 6th, 2018|irs, retirement|

 

Here’s a great New Year’s Resolution for 2019Save more in your retirement accounts!

The IRS is on board! They recently announced new contribution limits for 401(k) participants and IRA account holders. Here’s how much you can sock away toward retirement in 2019:

  • In 2019, you will be able to save up to $19,000 in your 401(k) or 403(b), up from $18,500 in 2018.
  • The limit for individual retirement accounts will be $6,000 – up from $5,500 this year
  • Small business owners – Solo 401(k) and SEP IRA limits will increase $1,000 to $56,000 in 2019
  • The catch-up contribution limits for those 50 and over remain unchanged at $1,000 for IRA’s and $6,000 employee plans.

In addition, the income ranges that determine eligibility for…
deductible contributions to traditional IRA’s
Roth IRA’s
…have all increased as follows:

  • Single Taxpayer covered by a workplace retirement plan – $64k-$74k
  • Married Filing jointly, where contributor is covered by a workplace retirement plan – phase out range for a deductible contribution up to $103k-$123k
  • IRA contributor not covered by a plan at work, but is married to someone who is covered – range = $193k-203k
  • Taxpayers making Roth contributions have a new phase out range of $122k-$137k for singles and heads of household
  • Married couples filing jointly – Roth contributions phase out range – $193k-$203k

So here’s to 2019! The year you accomplished your savings resolution, your tax bill got lower and your retirement savings got higher!

As always, we are here to help! Contact us for help navigating the numbers or setting up a plan.

Load More Posts