Many parents may not be familiar with the process for applying for, and qualifying for, financial aid for college. They may also not know which assets hurt their chances for receiving financial aid, and which do not. Understanding the process is especially relevant, because parents are now able to begin filing for financial aid for […]
The 2017 retirement plan limits have recently been announced by the IRS. These new limits are effective January 1, 2017. 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 2017. Of course, if […]
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 […]
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 […]
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 […]
You may remember the horror stories of employees who watched their 401(k) account balances virtually disappear when the stock price of their employer collapsed. Enron and Lehman Brothers are two of the most famous examples. To the list can now be added… RadioShack. While employer stock in 401(k) plans is less common than it used […]
A February 13, 2015 New York Times article highlighted the difficulties that investors – both ordinary and sophisticated – face in finding an advisor who is obligated to act in their best interests. According to the Times, “At present, many brokers do not have to adhere to the stringent fiduciary standard requiring them to act […]
Click here to read our market commentary for the fourth quarter of 2014.
In many retirement plans, a significant amount of a participant’s earnings are lost to fees. The New York Times recently featured an article on the challenges that one retired 401(k) plan participant is facing in his efforts to hold his employer accountable for the costs associated with the plan. Despite a federal requirement that plan […]
Marlena Lee, Vice President at Dimensional Funds, addresses the critical question of how to determine the amount of income you’ll need in retirement. Click here to watch the brief, three minute video.