by MasterPlan Your Retirement | Mar 26, 2020 | Financial Planning, Retirement Income
Do you use a 401(k) or IRA to save for retirement? You’re not alone. These types of accounts are popular for many reasons, but one of the biggest is their tax treatment. As you may know, these accounts are tax-deferred. That means you don’t pay taxes on growth as long...
by MasterPlan Your Retirement | Mar 13, 2020 | Financial Planning, Health Care Costs
The coronavirus is here. It’s impacted every corner of American life and is likely to continue to do so. Colleges have closed. States are closing schools and banning large gatherings. Businesses are closing or cutting hours. Consider some of the stunning developments...
by MasterPlan Your Retirement | Mar 11, 2020 | Financial Planning, Retirement Income
The 2020 election cycle is in full swing. It’s primary season, which means the general election is right around the corner. Before you know it, the two major parties will have their conventions and we’ll be heading to the ballot box. Of course, you may already...
by MasterPlan Your Retirement | Feb 26, 2020 | Financial Planning, Retirement Income
There’s a growing trend among new retirees. With increasing frequency, Americans are choosing to leave their retirement savings. According to data from Fidelity, 55% of workers leave their retirement savings in their former employer’s 401(k) plan for a full year after...
by MasterPlan Your Retirement | Feb 19, 2020 | Retirement Income
For decades, some of the world’s largest institutional investors have used a tool to guide their decision-making. Mutual funds, educational endowments, defined benefit pensions, and more has used this document to focus on their long-term goals and select only the...
by MasterPlan Your Retirement | Feb 13, 2020 | Financial Planning, Retirement Income
It’s the second month of a new year, which means it’s time for everyone to make predictions about what’s in store over the next 10 months. Clearly, it’s impossible to predict the future. However, that doesn’t stop analysts and so-called experts from making their best...
by MasterPlan Your Retirement | Jan 24, 2020 | Financial Planning, Retirement Income
The government passed a year-end spending bill in December, and it included one piece of legislation that could have a big impact on retirees. It’s called the SECURE Act. The bill’s name is an acronym for Setting Every Community Up for Retirement Enhancement. ...
by MasterPlan Your Retirement | Oct 30, 2019 | Financial Planning, Retirement Income
It’s that time of year again. Halloween is here. It’s time to stock up on candy, carve your pumpkin, and find the perfect costume. Soon, scary movies will be on television and you’ll have little ghouls and goblins showing up at your door for trick-or-treating. This...
by MasterPlan Your Retirement | Oct 14, 2019 | Financial Planning
Fourth Quarter Planning Checklist It’s hard to believe the year is almost over, but October is already upon us. Soon the holidays will be here and then we will flip the calendar to 2020. These last few months are also your last opportunity to make...
by MasterPlan Your Retirement | Aug 30, 2019 | Financial Planning, Retirement Income
Who handles the money in your household? If your home is like most, it depends on the kind of financial planning involved. A new study from UBS found that 85 percent of married women handle the day-to-day financial management in their household. However, the same...
