Understanding Medicare Options and Late Enrollment Penalties

Overview: Enrolling in Medicare can be overwhelming. The following looks at enrollment periods for different coverage options. Medicare health insurance is a dense topic. Each of the various options have specific coverage and enrollment periods. To select the best coverage for you, it helps to have a better understanding of the program. This knowledge can […]

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Topics: Advice, Retirement

No Free Lunch and No Free 401(k) Plans

Most of us understand that if somebody else picks up the check for lunch, there is probably a catch. The old adage about there being no such thing as a “free lunch” is true more often than not. Hopefully, though, the offset isn’t worth more than the cost of the meal. When it comes to […]

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Topics: Advice, Investing, Retirement

10 Things You Absolutely Need to Know About Life Insurance

  Life insurance is one of the pillars of personal finance, deserving of consideration by every household. I’d even go so far as to say it’s vital for most. Yet, despite its nearly universal applicability, there remains a great deal of confusion, and even skepticism, regarding life insurance. Perhaps this is due to life insurance’s […]

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Topics: Advice, Retirement

The Top 10 Myths About 401(k) Plans

Regular pre-tax deductions toward a retirement plan balance figure into a lot of employees’ paychecks, but many people don’t fully understand how the fund they’re contributing to works. Tim Maurer debunks ten common myths about 401(k) plans. Find it on CNBC.com By clicking on any of the links, you acknowledge that they are solely for […]

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Topics: Advice, Investing, Retirement

Is Your Attitude Toward Work Killing Your Retirement Dreams?

Do you have a generally positive or negative impression of the word “retirement”? I ask because it dovetails nicely with a series of questions (inspired by Rick Kahler) that I use to begin most speaking engagements. These questions are designed to incite self-awareness, offering us clues about how our life experiences have shaped the (often unarticulated […]

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Topics: Advice, Investing, Investment Strategy, Retirement

The Irrelevance of Dividends

Research has established that dividend policy should be irrelevant to stock returns, yet investors have long demonstrated an irrational preference for them. Mutual fund providers are well-aware of this fact. Earlier this week, we reviewed a pair of studies showing that mutual fund managers exploit investors’ well-documented preference for cash dividends to attract assets by artificially “juicing” […]

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Topics: Advice, Investing, Retirement

Youth + Roth IRA/401(k) = Successful Retirement Planning

What makes youth and a Roth IRA such a great combination? Starting to plan for retirement early creates many possibilities for success. As young adults start their first job with retirement benefits, one of the initial questions they need to address is how to invest in the 401(k) or other defined contribution plan offered by […]

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Topics: Advice, Retirement

Choosing Between Roth and Traditional IRAs

Among the most important decisions investors make is their choice of location for assets within the various alternatives available for retirement (tax-advantaged) accounts. Allocating between a traditional IRA (a pretax, tax-deferred account) and a Roth IRA (a post-tax, tax-free account) can have a pronounced impact on retirement outcomes, given the $14 trillion in tax-advantaged retirement […]

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Topics: Advice, Investing, Retirement

Retirement Is Scary. Plan it Out

Retirement creates many challenges. Unfortunately, while about 10,000 Americans retire daily, the sad truth is that most people seem to spend less time planning for retirement than they do for a vacation. Anxiety regarding our futures is a common ailment, especially among the millions of Americans rapidly approaching the end of their working years. And […]

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Topics: Advice, Retirement