Portfolio rebalancing, how to budget your money, what’s an HSA and who needs one? Preparing for retirement is hard. From personal finance basics to retirement planning and everything in between, we’ve got a few ideas to make life a little simpler. Contact MCF with any questions.
The holidays are a time for giving, but often people can be a little overgenerous during this time of year and later find themselves in financial trouble. According to a survey by Country Financial 32 percent are feeling the greatest stress around holiday finances.
Designate or review your Retirement Plan account beneficiary. Unless you want the government to pick who your assets are distributed to, it is tremendously important to have a stated beneficiary appointed for your employer-sponsored retirement plan account.
When you hear Roth 401(k), Roth IRA, or just Roth, this is generally referring to a specific type of tax benefit your savings may receive. You pay taxes on Roth contributions for the taxable year in which they are made.
As people age, their spending patterns change, according to an analysis of Bureau of Labor Department data1. On average, US households under age 55 spend almost $58,000 a year on a wide variety of expenses.
Join Hunter Nighbert, Financial Advisor, as he discusses investing appropriately and maintaining a long-term focus.
Let’s check if you’re preparing for retirement and review the following items we’ve listed below.