How Does Deferred Compensation Work?
I first heard of a deferred compensation plan a few years ago when one of my old bosses left my company and within a few years, quickly became a high-flyer in the organization, overseeing operations in...
View ArticleFamily Money – Fairness vs. Favoritism in Gifting, Wills and More
Family Money is a sensitive topic to cover, but I think it’s critically important from both an estate planning standpoint and from the standpoint of personal relationships with family members....
View ArticleAbysmal Survey Results: Americans Don’t Understand Basic Financial Concepts
A recent financial literacy survey conducted by Financial Finesse, a finance eduction outfit, revealed some pretty alarming results – downright abysmal in fact. It revealed what most of us probably...
View Article401K Loan Rules – Taxes, Interest, Pros and Cons
401k Loan Rules allow for easy access to retirement funds, but is that a good thing? Many employees are unaware that they can take a loan from their 401k account for basically any personal need with...
View ArticleHow Does Society Value Additional Time for Your Dying Loved One?
There is an excellent article in this week’s BusinessWeek written by the widow of a man who fought a long and courageous battle with cancer. What differentiated this article from other similar...
View Article43% of Americans have less than $10k for Retirement, Seriously
I was shocked by the results of a recent survey outlining how almost half of Americans have virtually no savings, no retirement, nothing (Employee Benefit Research Institute’s annual Retirement...
View ArticleIs Long-Term Care Insurance Worth It?
My mom asked me about long term care insurance recently and I started to mull over the financials to see if it made sense or not. We had some experience with other distant relatives that had to tap...
View ArticleCalculating “Your Number”. Mine is $4.9 Million – Or Is It?
The blogosphere was all atwitter today on an ING tool that has you calculate “your number” – how much you’ll need the day you retire to live the lifestyle you desire with a given income, retirement...
View ArticleInteresting Retirement Savings Hypothesis – Only the Last Few Year Matter?
This weekend, CNBC linked to a rather lengthy article summarizing an opinion that’s a bit interesting to contemplate, yet flawed in my opinion. Here’s the source article, but I’ll summarize. The...
View ArticleTarget Date Funds – Better Off Doing It Yourself?
A few years back, Target Date Funds were all the rage as a one-stop retirement account panacea. After the market collapse of 2008-2009 took many of these “safe” investments down with everything else,...
View Article
