Workers get to save more in 2015

The IRS has given us all a New Year’s gift. As of January 1, the tax-deferred contributions on a variety of employee-sponsored, retirement savings plans have been increased, but not for IRAs. Readers may already be familiar with the traditional 401(K) Plan. It was...

Money and divorce, what you should know

  You never paid attention to the family finances. Suddenly, your spouse wants a divorce. Fortunately, it’s an amicable separation and you agree to split things up equitably. Where do you begin? The above scenario is much more common than you think since the odds...

Baby Boomers and Retirement

  The nation’s workforce has experienced some traumatic events over the past five years. Between the financial crises, global competition and the slow pace of domestic economic growth, is it any wonder that employment in the U.S. is not what it should be? Yet the...

Transitioning from a saver to a spender

You’ve been saving for retirement over these past twenty-five years. Month after month you have put a little away and watched it grow. Now that you are ready to retire, you need to confront an entirely new concept—spending that money. It’s not an easy thing for many...