The Internal Revenue Service (IRS) announced 2020 contribution limits for retirement plans and other related items. The most noteworthy highlights of limitations that changed from 2019 to 2020 include the following: The contribution limit for employees who participate in 401(k),…
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The ABCs of JTWROS, TOD, POD
Gary Altman, an estate-planning attorney in Rockville, Md., recently had a client turn to her brother-in-law to cover bills after her husband died. The client had plenty of money, but she couldn’t readily access it because some of the accounts…
Interest Rates Notch New Lows – Good for Borrowers, Not So Good for Savers
Investor expectations of further interest rate cuts and the possibility of a slowing economy have led to a stampede into bonds in the last month. As demand for bonds has increased, interest rates have declined to all-time lows. Most recently,…
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The Value of Financial Planning
Say you were going on vacation a year from now, what would your first action be? Ask for the time off? Make a hotel reservation? Research the destination? Basically start planning the trip. Yet, when it comes to one of…
A Bird in the Hand is Worth Two in the Bush – Investing Lessons From Warren Buffett
Last week I got to attend the Berkshire Hathaway Shareholder’s meeting where Warren Buffett and his partner Charlie Munger sat on stage and answered questions from the audience about investing, the state of the economy, and the current market. These…
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Why Do Stocks Go Up?
The key objective of any investor is to get more than one dollar back for every dollar invested. Sadly, most introductory investment courses and literature do not begin with an explanation as to why stocks go up. It’s such a…
Your Financial Plan Meets Reality
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How to Make Smarter Decisions About Money 12.28.18
December 28, 2018 The major U.S. indexes ended up almost 3% this week, following a week of dramatic swings. Despite the gains, the indexes are all poised for annual losses for the first time since 2008, while the S&P 500…
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How to Make Smarter Decisions About Money 12.07.18
U.S. Stocks fell sharply after the arrest of a top Chinese tech executive sparked fears of further trade and geopolitical problems between the U.S. and China. Adding to worries, the decline in oil prices over the last two months has…
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How to Make Smarter Decisions About Money 10.26.18
October 26, 2018 A tumultuous week for markets around the world ended with the S&P 500 on the cusp of correction territory as investors continued an October retreat from risky assets. For the week, U.S. markets finished down 4% adding…
Read More How to Make Smarter Decisions About Money 10.26.18