2107, 2017

America’s Pension Bomb: Illinois Is Just the Start

By |July 21st, 2017|Estate Planning|0 Comments

America’s Pension Bomb: Illinois Is Just the Start

We’ve been hearing it for years: America’s public pensions are a ticking time bomb. Well, at long last, the state of Illinois is about to expose just how big this blowup could be. As of the 2015 fiscal year, Illinois had promised its employees $199 billion in retirement […]

1806, 2017

The Monk Who Left the Monastery to Fix Broken Retirement Plans

By |June 18th, 2017|Estate Planning|0 Comments

The Monk Who Left the Monastery to Fix Broken Retirement Plans

There are many things that Doug Lynam must think about now that he no longer wears a robe and lives in a monastery. Socks, for one. Do they match? Should he care? “How does this color thing work?” he wondered aloud in his office this […]

1806, 2017

Americans aren’t Loving Retirement Like They Used To — Here’s Why

By |June 18th, 2017|Estate Planning|0 Comments

Americans aren’t Loving Retirement Like They Used To — Here’s Why

Retirement satisfaction isn’t what it used to be, and the reasons may surprise you.

Retirement is a time to shake off years of employment and enjoy life, right? That might be the goal, but many Americans aren’t feeling it.

Dwindling satisfaction

A 2016 Employee Benefit Research Institute (EBRI) […]

1806, 2017

Who Says You Need Tax Breaks for Retirement Saving?

By |June 18th, 2017|Retirement|0 Comments

Who Says You Need Tax Breaks for Retirement Saving?

Auto-enrollment and payroll deduction can be more powerful ways to avert America’s retirement crisis.

In April alarm bells went off—briefly—in the world of people who keep a close watch on 401(k) retirement plans. According to the Wall Street Journal, Gary Cohn, director of the White House National Economic […]

1806, 2017

Why I Am Giving My Children Their Inheritance Now

By |June 18th, 2017|Estate Planning|0 Comments

Why I Am Giving My Children Their Inheritance Now

I have worked for a man who owns his-and-her 747s. Another former employer has a 10,000-acre hobby farm he visits about 10 times a year. And, in a total coincidence, I have been hired by two people who each happen to own one of the 25 largest […]

2905, 2017

3 Social Security surprises that may leave money on the table

By |May 29th, 2017|Estate Planning|0 Comments

3 Social Security surprises that may leave money on the table

Almost a quarter of future retirees who expect to receive Social Security either guess or don’t know how much their benefits will be. Newslook

Even if your retirement is years away, it’s a good idea to periodically check in on your Social Security benefits.

Why? To make sure your […]

2905, 2017

Backdoor IRAs: Another way to save on taxes in retirement

By |May 29th, 2017|Estate Planning|0 Comments

Backdoor IRAs: Another way to save on taxes in retirement

Unless you’ve filed an extension with the Internal Revenue Service, the 2016 tax year is now history. You’re probably ready to take a break from thinking about taxes at all, but there is no time like the present to consider how you might save on future […]

2905, 2017

Why your 401(k) can be a cash drain

By |May 29th, 2017|Retirement|0 Comments

Why your 401(k) can be a cash drain

Everyone’s heard of stretching to buy a McMansion and becoming “house poor.” But what about saving too much for retirement and ending up “401(k) rich and cash poor”?

Don’t snicker.

It can and does happen — often to investors with both good savings habits and good intentions for their financial future. These model savers later run into a […]

2205, 2017

Tony Robbins: Hidden Fees Are Killing Your Retirement Plans

By |May 22nd, 2017|Estate Planning, Uncategorized|0 Comments

• Life coach and author notes that 92 percent Americans don’t know the costs involved with their 401(k) plan — and 72 percent believe they’re not paying anything.

• A 1 percent fee cut can help money last 10 additional years in retirement.

• Fees can slash retirement savings by as much as 60 percent.

Best-selling author and […]

1705, 2017

What Counts As ‘Cheating’ In the Digital Age?

By |May 17th, 2017|Divorce|0 Comments

Tara and her husband, Michael (not their real names), recently came to see me after — as she described it — “infidelity.”

He was searching for other women online, she said. Yet Michael claimed that he hadn’t done anything wrong and that he would never cheat on his wife.

When I began asking the couple more questions, […]