Click here to read our second quarter market commentary.
This is Springwater’s Source – a topic or issue in personal finance and investing, shared visually. The Source will share one concept, once a month, in about a minute or less. An important concept derived from financial economics is that of a “risk premium”. In a nutshell, this premium is what investors can expect to […]
Individuals who will turn 70 ½ in 2016 are generally required to begin taking required minimum distributions from retirement accounts by April 1, 2017. That is the so-called “required beginning date” for most employees. But some people who have a company retirement plan can delay taking their RMDs, using the IRS’s “still working” exception. Note […]
Click here to read our fourth quarter market commentary.
The Institute for Divorce Financial AnalystsTM (IDFATM) has announced that Springwater principal and co-founder Jim Corbeau, MBA, CFP®, CDFA® has completed a specialized educational program in professional divorce analysis and is now a Certified Divorce Financial Analyst®. A CDFA® is an expert on the immediate and long-term financial implications of divorce. Certified Divorce Financial Analysts […]
According to a study financed by the Justice Department, as many as one in 20 older adults said they were financially mistreated in the recent past. And with 10,000 people turning 65 every day for the next decade, a growing pool of retirees are susceptible to such exploitation. To help elders in financial and other […]
The 2016 retirement plan limits have recently been announced by the IRS. These new limits are effective January 1, 2016. If you are an employee and a retirement plan participant, be sure to contact your employer as soon as possible if you wish to change your retirement plan salary deferrals for 2016. Of course, if […]
The New Times recently published a very helpful article on understanding college savings strategies in their “Your Money” section. “FAFSA”, “EFC”, “Pell Grant”, and more. Financial aid for college is as much art as it is science. Determining your family’s Expected Family Contribution is critical, and the EFC formula is intricate. For example, your income […]
On November 2nd, President Obama signed the Bipartisan Budget Act of 2015. Once section of the Act closes two of the most attractive Social Security strategies – commonly referred to as “File and Suspend” and “Claim Now, Claim More Later”. The elimination of these two strategies can potentially have a major impact on your retirement […]
Nobel laureate and M.I.T. professor of economics Robert Merton doesn’t think much of target-date funds. Excerpts from the November 2, 2015 online edition of Advisor Perspectives: Target-date funds are an exceptionally bad way to save for retirement, according to Robert Merton. Merton is a professor of economics at M.I.T. and was awarded the Nobel Prize […]