News & Insights
How to compare Medicare plans and decide what is right for you
When you are approaching retirement, you have a lot to think about. You need to look at your savings and see if you’re on track for meeting your goals. You need to determine when you want to start withdrawing from Social Security. And, you need to look into enrolling in Medicare. Once you have reached […]
What is a reverse mortgage and is it a good idea?
If you are a homeowner who is 62 years or older (and your home was built after June 1976), you are eligible to apply for a reverse mortgage. Essentially, a reverse mortgage is a loan payment you can borrow against the value of your home. You are not required to make any payments on the […]
Four ETF benefits (and some cons too)
For years, investors have used mutual funds to diversify their portfolio and build their portfolio by one security at a time. Then, in 1993, exchange-traded funds (ETFs) were introduced. Basically, they took the benefits of mutual funds to the next level in some cases. An ETF is a type of security that includes a collection […]
Understanding how capital gains and losses work
Buying an investment and selling it at a profit is a path many choose to grow their wealth. However, when you sell an investment for a profit, you owe taxes on the profit. Additionally, there is no guarantee that you will be able to sell for a profit, which means you might have to sell […]
What to do if your employer stops matching your 401(k) contributions
One benefit that many salaried workers in the United States take advantage of is 401(k) employer-matched contributions. These contributions help workers across the country build their retirement portfolios with “free money” kicked in by their employers. Unfortunately, when times are tough, employers may limit or stop making matching contributions. For example, this might be done […]
Increasing your tax-deferred retirement savings
When saving for retirement, many people use tax-deferred accounts to help grow their wealth while minimizing their tax bills. A tax-deferred account is a type of savings account that allows you to receive immediate tax deductions up to the full amount of your contribution. However, these are generally taxed when you make your withdrawals during […]