Mike Plumlee, Financial Planner’s Blog
Contributing to Your 401k
Company pensions are increasingly becoming scarce. Therefore, one of the vehicles that was available to the workers of previous decades are no longer accessible for most private sector workers. More and more companies are moving toward 401(k) plans as the primary retirement savings option for their workers.
What is a Contingent Beneficiary?
When an individual authors a will or plans how their estate's final affairs are to be handled, many issues must be resolved. One such consideration that often arises is the designation of beneficiaries (persons who receive the decedent's assets). During the process of...
The Top Forgotten Questions to Ask Your Financial Adviser
Everyone who has a financial adviser should be asking them some questions. It is important for the client to think about their investment portfolio and plans every year. Fees The first thing to do is to ask the financial adviser how much fees they are charging. People...
All About Umbrella Policies
Everyone knows about homeowners and auto insurance. These are musts, and they protect policy-holders in the event of accidents and lawsuits. The trouble can arise in the event of a lawsuit. If someone is sued and the judgment ends up being more than the dollar value...
The Importance Of Present vs. Future Value and How To Calculate It
If someone were to offer you $500 now or $500 a year from now, which would you choose? Without question, most people would choose to have $500 now rather than a year from now. As the old saying goes, a bird in hand is worth two in the bush. A more compelling question,...
Threats To A Comfortable Retirement
When it comes to your retirement, you’re the only one who’s ultimately going to be looking out for your best interests. While a financial advisor can help you through the steps of making sure that your retirement funds are properly secured, it’s up to you to make sure that you have enough money set aside to help you in your later years. That means understanding the most common threats that put retirement funds at risk. Keep these in mind before you sit down and define with your retirement goals.
How To Invest In Stocks
When it comes to building wealth, few avenues are as effective as investing in the stock market. However, just because investing in the market is generally effective, it doesn’t mean that everyone knows where to start.
Estate Planning Tips
It is not uncommon for people to procrastinate on estate planning. Even people who already have an estate plan may not have reviewed it in some time. Changes in the family, such as births and deaths, or in tax laws should trigger a review. Otherwise, people should...
A Beginners Guide To Retirement Savings
The best time to start saving for retirement is when a worker joins the workforce. Workers can save for retirement through workplace retirement plans, individual retirement accounts, or both.
What is a Roth IRA?
One of the more common investment options that financial gurus recommend for retirement savings is the Roth IRA. This type of retirement account has some features that are similar to the Traditional IRA option, but it also has some that are much different.