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Articles Posted in Retirement planning

egg-300x300Do you know about the new changes that could affect your retirement accounts? Some are positive, others may require you to make some new planning decisions.

Either way, the goal of this new legislation is to improve retirement security for many Americans. And that’s a good thing.

The new law is called the SECURE Act, which stands for Setting Every Community Up for Retirement Enhancement. The legislation makes some substantial changes to the rules about retirement accounts, including IRAs and 401(k)s, that will have very direct effects on account owners and beneficiaries. 

AdobeStock_297406059-300x200We’re only a week or so into the New Year, but most of us are already steeling ourselves for the annual guilt trip about abandoned resolutions. It never fails. We start out with the best intentions, but as the world cranks back into gear after the holidays, we find ourselves slipping back into old habits and making old excuses. 

Don’t feel too bad. You’re definitely not alone. 

The trouble with most New Year resolutions is that keeping them requires consistent effort over the long term. It can be exhausting just thinking about it.

AdobeStock_29742651-300x225Building and growing an independent family business is an accomplishment to be proud of. It takes an enormous amount of passion, ingenuity, and downright grit. Preserving and protecting your business also requires some effort, but it’s a task many business owners overlook or put off.

Business succession planning, like any kind of estate planning, is something that should be addressed with the help of a professional well in advance of the actual event. Unfortunately, the majority of family business owners are missing that window of opportunity. According to a 2016 survey from Pricewaterhouse Coopers, while 69% of family businesses surveyed expected the next generation to take over the business, only 23% had invested in creating a robust and well-documented business succession plan.

It’s not difficult to understand how business owners find themselves without a succession plan. It’s a complex and time-consuming process that involves addressing hard realities and tough questions. But, it’s also a task that’s well worth the investment of time and money in the long run.

AdobeStock_44015480-300x271Many people mistakenly assume that Social Security is a fairly cut-and-dry proposition. You turn 62 – you get your long-awaited Social Security benefits. Right?

Well, it is not that straight-forward.

It is actually a very complex system that is best navigated under the guidance of a professional who knows something about the more than 8,000 different ways to claim Social Security.

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