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Evolution of the 401(k)
When employer-sponsored 401(k) plans were introduced in the 1980’s, an unexpected consequence occurred: Pensions stopped being the norm. One reason is that companies found 401(k) plans less expensive than traditional defined benefit plans. At the time, 401(k) plans were touted as an opportunity for greater earnings and a richer retirement lifestyle. While it’s true that…
Read MoreConnecting the Dots – A Young Cancer Survivor, World Class Research, and an Opportunity
Kaitlyn Johnson is becoming a local name for her enthusiasm, perspective on life, and for her story. Kaitlyn Johnson was diagnosed with Acute Lymphoblastic Leukemia (ALL) at only eighteen months old. Through the very beginnings of her life she was met with challenges that even adults have a hard time truly wrapping their head around. …
Read MoreWhat Type of Investor Are You?
Each person is unique. We are composed of many variables, such as genetics, family influence, geographic influence and even the birth order among siblings – a veritable combination of the forces of biology and society.1 So when it comes to managing your finances, the debate isn’t about nature versus nurture; it’s both. For example, consider two siblings raised…
Read MoreIRS News to Know
As we head into the final quarter of 2017, it’s a good idea to stay cognizant of any tax issues that may affect your finances come April 2018. Now is the time to review your investments and income distribution plans to help ensure you don’t trigger additional taxes or penalties later on. We can…
Read MoreRetirement Plan Fees: Know What You Are Paying
Many large companies offer employees a 401(k) plan with some degree of matching contribution. Although this is a good employee benefit to have, you always should pay attention to the fees involved in your plan. Your plan provider charges various fees to invest, manage and administer the plan, and those fees are passed on to…
Read MoreInfrastructure Could Bridge Political Divide
Is it a secret that American politics are contentious, divided and rocky? Yet, one topic has the potential to bring both sides to the table: Infrastructure. The Republicans and Democrats may not agree on the details; after all, infrastructure spending necessitates funding. Conservatives worry about additional taxes or increasing government debt, while liberals oppose…
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