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, […]

405, 2017

How to Divide a Jointly Owned Business in Divorce

By |May 4th, 2017|Divorce|0 Comments

Divorce becomes more complicated when you and your soon-to-be ex-spouse own a business together. Businesses require constant care and attention, and they can’t be easily split in half the way funds in a bank or an investment account can.

Your attorney will likely recommend you don’t keep running the business together after the divorce. This rarely works out, especially […]