July 2019

Retirement Articles This Week

Your Retirement Help Center!

We'll focus on websites and publications that help prepare and plan your retirement and personal finance decisions. Visit us each week.  Thank you for visiting and gaining great retirement insight!

 

Investors Business Daily 2017 Best Online Brokers

Three brokerage firms stand out: 

  • Fidelity
  • Charles Schwab
  • TD Ameritrade 

View the IBD special report.

 

Posted on Wednesday, February 1 by Registered CommenterWise Owl | Comments Off

IRS Publication 560...Retirement Plans for Small Business

This is the newly updated 28-page IRS Publication 560 which covers retirement plans that can be set up and maintained for Small Businesses. Includes SEP, SIMPLE, and Qualified Plans.

Posted on Tuesday, January 31 by Registered CommenterWise Owl | Comments Off

New Years Resolution...look At your Social Security Benefits

Go to Social Security to find an estimate of what your benefits will be at age 62, at your full retirement age, and at age 70.

Posted on Saturday, January 28 by Registered CommenterWise Owl | Comments Off

Historic Day On Wall Street...Dow Above 20,000

Dow closes at 20,068

 

Posted on Wednesday, January 25 by Registered CommenterWise Owl | Comments Off

Trump Becomes 45th President of the united States...Historic Day

Posted on Friday, January 20 by Registered CommenterWise Owl | Comments Off

Did you Turn 70 1/2 Last year?

Your required minimum distributions (RMD's) begin in the year you turn 70 1/2, but that first RMD is not required to be satisfied in full until April 1 of the following year.  Make sure to complete that distribution by April 1, 2017.  Your future distributions are due at year end. 

Your IRA custodian or employer 401k plan can help you calculate that distribution.  You'll use the balance of your IRA or employer plan at December 31, 2015.

Posted on Friday, January 20 by Registered CommenterWise Owl | Comments Off

South Dakota is the Nation's top moving destination

South Dakota narrowly overtakes Oregon, which held the top spot for the previous three years, as the nation’s “Top Moving Destination.” This is the first time South Dakota has held the no. 1 spot. Vermont inched out Oregon for the no 2. position, with Oregon rounding out the top three. Those are the results of the United Van Lines’ 40th Annual National Movers Study, which tracks customers’ state-to-state migration patterns over the past year.

Posted on Tuesday, January 10 by Registered CommenterWise Owl | Comments Off

Should you Rollover your 401k?...Important Decisions at retirement

The Defined Contribution Rollover Survey asked recent retirees who retired with at least $75,000 in their last employer’s 401(k) plan about what they did with their savings upon retirement.

So what did these retirees do with their 401(k) plans?

Roughly 62% of respondents rolled over their 401(k) at retirement to an IRA or another account, and 38% reported leaving their money in the 401(k), at least initially at retirement. Surprisingly, no one reported having spent the majority of their 401(k), implying that little leakage occurs right at retirement for individuals with a decent amount of retirement savings. However, individuals with lower amounts of 401(k) savings are still more likely to cash out their 401(k) at retirement.

Courtesy of Forbes

Posted on Friday, January 6 by Registered CommenterWise Owl | Comments Off

2017 Contribution Limits

IRA Accounts  A maximum contribution of $5,500 is allowed plus an extra $1,000 "catch up" contribution if you are 50 years old or more.

401k or 403b Plans  The contribution limit is $18,000 and allows a $6,000 catch-up contribution for those 50 or older.

Posted on Friday, January 6 by Registered CommenterWise Owl | Comments Off

Jonathan Clements Money guide

Probably one of the best financial writers...always providing great information on retirement and financial planning. Jonathan Clements has a new blog and provides his financial guide.

Check out

HumbleDollar.com....

Jonathan Clements Money Guide

 

Posted on Tuesday, January 3 by Registered CommenterWise Owl | Comments Off

Happy New Year everyone!

I wish you you health, happiness and prosperity in 2017.  Thank you for visitng our site.  Wish I knew what the markets will do this year...we'll continue to provide helpful information and tools for your retirement planning!

Again best wishes for 2017!

John Baumer...the "Wise Owl" at RetirementThink


Posted on Monday, January 2 by Registered CommenterWise Owl | Comments Off

2016 Market Recap....Strong finish after Trump victory

All three major indexes notched healthy gains in 2016. The Dow was up 13.4%; the S&P gained 9.5%; and the Nasdaq was up 7.5%.

Posted on Saturday, December 31 by Registered CommenterWise Owl | Comments Off