by MasterPlan Your Retirement | Sep 15, 2020 | Financial Planning, Retirement Income
It took just under five months for it to happen. On August 17th, the S&P 500 closed at 3389.78—an all-time record. That record is also significant because it means the index officially recouped all losses from the downturn that happened in March.1 This year has...
by MasterPlan Your Retirement | Sep 11, 2020 | Newsletter
Welcome to the September 2020 Newsletter for MasterPlan Retirement Consultants! Mark’s Missive What’s Next for a COVID-19 Economy? The economic fallout from the coronavirus pandemic continues, even as states have reopened restaurants, retail stores, and...
by MasterPlan Your Retirement | Sep 1, 2020 | Retirement Income
As the COVID-19 pandemic stretches into its seventh month, leaders in Washington are debating a second stimulus bill. On August 8, President Trump signed executive orders that extended the federal unemployment benefit, but reduced the amount from $600 per week to...
by MasterPlan Your Retirement | Aug 25, 2020 | Retirement Income
The United States set a somber record on Thursday, July 16, 2020, with more than 75,000 new COVID-19 cases. In fact, the U.S. set new single-day COVID-19 records 11 times between June 17 and July 16. Dr. Anthony Fauci predicts the country will soon top over 100,000...
by MasterPlan Your Retirement | Aug 15, 2020 | Retirement Income
Social Security is a critical piece of the income puzzle for most retirees. In fact, half of married retirees and nearly 70% of unmarried retirees rely on Social Security for more than 50% of their retirement income.1 Your Social Security benefit amount is based on a...
by MasterPlan Your Retirement | Aug 5, 2020 | Retirement Income
What are the biggest expenses you’ll face in retirement? Healthcare? Housing? Travel? All of those costs could be significant, but one of the biggest could be taxes. That’s right. Just because you’re done working, doesn’t mean you’re done paying taxes. Many sources of...
by MasterPlan Your Retirement | May 26, 2020 | Financial Planning
It seems like the entire world has revolved around the coronavirus for the past two months. It has changed our way of life, the way we work, and even the way we interact with friends and family. Believe it or not, there have been other new developments in 2020 besides...
by MasterPlan Your Retirement | May 20, 2020 | Financial Planning
Are you one of the more than 58 million Americans who use a 401(k) plan to save for retirement? As of the end of 2019, 401(k) plans held more than $6.2 trillion, which accounts for nearly 20% of all retirement assets in the United States.1 A 401(k) can be an...
by MasterPlan Your Retirement | May 14, 2020 | Financial Planning
The stock market crash of 1987. The tech bubble in the early-2000s. The financial crisis of 2008. And now, the coronavirus pandemic. What do all of these things have in common? They all involve sharp market downturns that end a bull market and trigger a bear...
by MasterPlan Your Retirement | Apr 13, 2020 | Newsletter
Welcome to the April 2020 Newsletter for MasterPlan Retirement Consultants! Mark’s Missive The Latest Change to the Tax Shell Game The government giveth and the government taketh away; blessed be the government! By now, many of you have heard of the new The...
