by Springwater Wealth | Jun 9, 2020 | Newsletter, Retirement Concerns, Retirement Plans
If you are approaching retirement, you have probably begun to think about how much you will spend once you are no longer working. There is a long-standing rule-of-thumb that suggests that most people end up spending between 70% and 80% of the income they had just...
by Springwater Wealth | May 5, 2020 | Financial Planning, Newsletter, Retirement Plans
We all know that women live longer than men. If you’re a woman, you’ll live, on average, six to eight years longer than men. Because you’ll live longer, planning for your retirement is particularly important. Creating financial security for women in retirement...
by Springwater Wealth | Jan 10, 2020 | Newsletter
It’s a new year, and for some owners of IRAs and other retirement accounts that means the cycle of calculating your Required Minimum Distributions (“RMDs”) begins all over again. In December 2019 Congress passed, and President Trump signed, the...
by Springwater Wealth | Nov 12, 2019 | Newsletter
The 2020 retirement plan limits have recently been announced by the IRS. These new limits are effective January 1, 2020. 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...
by Springwater Wealth | Aug 13, 2019 | Newsletter
When you leave your job – be it by retiring, resigning or via a lay-off/termination – you generally have several options for what you can do with your 401(k) account. Depending on your account balance, you may be able to keep it with your old employer’s plan. If...
