The Second Half

Is a 60/40 Portfolio Enough for Retirement?

Isn’t a 60/40 retirement portfolio balanced? A portfolio containing approximately 60% stocks and 40% bonds is diversified across growth and defensive assets, but asset allocation alone does not create a complete retirement-income strategy. A 60/40 portfolio is not necessarily static because it can be rebalanced as markets, spending needs, and risk tolerance change. However, it ...

When Should You Get Professional Help With Retirement Planning?

How can you avoid getting an important retirement decision wrong? You may not need professional help with every financial choice, but a second opinion can be valuable when the decisions become complex, costly, or difficult to reverse. Consider seeking professional guidance when one or more of these situations apply: Early retirement may require a more ...

Retirement Decisions You Can’t Afford to Get Wrong

Some retirement decisions can be changed before you act. After you retire, however, certain choices become difficult, costly, or impossible to reverse. That is what makes retirement planning different from many other financial decisions. The first concern is irreversibility. Leaving your job, selecting a pension payout option, claiming Social Security, or withdrawing from retirement accounts ...

How to Run a Retirement Dress Rehearsal Before You Retire

Wondering whether you can realistically afford to retire? Run a retirement dress rehearsal by living on your projected retirement income while you are still working. This exercise can reveal budget problems while you still have time to correct them. Start by calculating your monthly retirement paycheck. Add your expected guaranteed income, such as Social Security ...

How to Time Social Security and Pension Benefits in Retirement

How should you time Social Security? Claiming retirement benefits at age 62 may provide immediate income when your paycheck stops, but the decision can permanently reduce your monthly benefit. For someone whose full retirement age is 67, starting benefits at 62 may reduce their retirement benefit by approximately 30%. By contrast, delaying beyond full retirement ...

What Should You Do When Your Spouse Can No Longer Manage the Finances?

What are the first and most important steps when your spouse can no longer manage the finances due to declining health? Start by confirming your legal authority. Look for a durable financial power of attorney, healthcare power of attorney or proxy, living will, and HIPAA authorization. These documents serve different purposes, and a healthcare proxy ...

How to Bridge the Income Gap Before Medicare and Social Security

How do you bridge the financial gap between early retirement and the start of Medicare and Social Security? Build a retirement-income bridge that covers each year separately because your expenses, healthcare costs, taxes, and available income sources may change throughout this period. 1. Calculate the Gap Year by Year Estimate your complete annual expenses for ...

How Should Couples Coordinate Social Security and Pension Benefits?

How do you decide when to take Social Security and which spouse should claim first? Start by treating Social Security and your pension, if you have one, as parts of one coordinated retirement-income strategy. Do not automatically claim benefits simply because you have stopped working. Instead, compare your estimated Social Security benefit at three important ...

Can You Manage Your Spouse’s Finances Just Because You Are Married?

Can you automatically take control of your spouse’s finances and accounts because you are married? Generally, no. Marriage alone does not automatically give you legal authority to manage bank accounts, investments, insurance policies, or other assets held solely in your spouse’s name. Financial institutions normally require formal documentation before allowing another person to access information, ...

How Can You Maximize Your Social Security Income?

How can you maximize your Social Security income? One of the biggest factors is when you claim your retirement benefits. If you delay claiming beyond your full retirement age, delayed retirement credits can increase your benefit each month until age 70. For people born in 1943 or later, this increase equals approximately 8% for each ...

How Much Social Security Will You Receive?

How much Social Security do you qualify for? Your estimated retirement benefit primarily depends on your lifetime earnings record and the age at which you claim. The fastest way to see your personalized estimate is to create a free my Social Security account at SSA.gov. Your Social Security statement shows estimated monthly benefits based on ...

How Should Married Couples Coordinate Social Security Benefits?

How should married couples coordinate Social Security? If financially practical, delaying the higher earner’s retirement benefit can often strengthen the couple’s long-term income and survivor protection. When one spouse dies, the surviving spouse generally does not continue receiving both full Social Security benefits. Instead, they typically receive the higher benefit for which they qualify. This ...

How Much of Your Social Security Is Taxable?

How much of your Social Security income is taxable? Depending on your filing status and combined income, up to 85% of your benefits may be included in your taxable income. This does not mean your benefits are taxed at an 85% tax rate. It means as much as 85% of the Social Security benefits you ...

What Happens If Your Spouse Never Signed a Power of Attorney?

What happens if your spouse never signed a power of attorney? The next step generally depends on whether your spouse still has the legal capacity to understand and sign the document. If your spouse understands what the power of attorney does, the authority it grants, and the consequences of signing it, contact a qualified elder-law ...

How Long Does the Guardianship or Conservatorship Process Take?

How long does it take to obtain guardianship or conservatorship for an incapacitated spouse? The process often takes several weeks to a few months, but the exact timeline depends on state law, the local court’s schedule, required medical evidence, background checks, investigations, and whether anyone challenges the petition. During this waiting period, household bills, insurance ...

Does a Power of Attorney Work at Every Bank or Financial Institution?

Does a power of attorney automatically work at every bank or financial institution? Not necessarily. Banks, investment firms, insurance companies, and other institutions may follow different procedures for reviewing and accepting a power of attorney. One institution may approve the document quickly, while another may require identification, an agent certification, an affidavit, or additional legal ...

How much do you really need to retire?

How Much Do You REALLY Need to Retire? Many retirement plans fail because of inaccurate expense planning. If you are approaching retirement and unsure if you have enough, don’t worry, we break down how to find your retirement number. If you’re thinking of retiring early, do a 3 month dry run, live exactly as you ...

The Rule of 55: Your Secret Weapon for Penalty-Free 401(k) Access in Forced Early Retirement

Hidden in the maze of retirement rules is a powerful provision that can save you tens of thousands in penalties: the Rule of 55. If you’ve been forced into early retirement at age 55 or later, this little-known rule could be the difference between financial survival and financial devastation. Yet 90% of displaced workers don’t ...

Traditional vs Roth 401k: Contribution Rules and Tax Benefits

Everyone wants to save for retirement, but few realise that how you save can make all the difference in what you keep. That’s where the Traditional 401(k) and Roth 401(k) come in. Both accounts are designed to help you build long-term wealth, yet they take very different approaches to taxes. The key question isn’t which one is better, it’s when you ...

SEP IRA Contribution Limits for the Self-Employed

If you’re self-employed, saving for retirement often feels like a solo mission. Without access to an employer-sponsored 401(k) or matching contributions, you’re responsible for creating your own plan, one that balances flexibility, high contribution potential, and long-term growth. That’s where a SEP IRA comes in. A Simplified Employee Pension (SEP) IRA is designed for business ...

Can You Contribute to a 401(k) and a 457(b)? Combined Limits Explained

Can You Contribute to a 401(k) and a 457(b)? Combined Limits Explained Introduction You’ve worked hard, saved consistently, and done your best to prepare for retirement. But if you’re one of the many professionals with access to both a 401(k) and a 457(b) plan, you might be sitting on one of the most powerful and ...

Roth IRA Contribution Limits (Plus Income Phaseouts)

For many Americans, a Roth IRA is one of the most powerful tools for building long-term retirement wealth. Unlike a traditional IRA, contributions are made with after-tax dollars, but withdrawals in retirement are tax-free. To utilize this advantage effectively, you must understand the Roth IRA contribution limits, income thresholds, and how the Internal Revenue Service ...

Traditional IRA Contribution Limits: Deductions & Rules

Traditional IRA Contribution Limits: Deductions & Rules When it comes to retirement savings, the traditional IRA remains one of the most widely used options for Americans seeking tax-deferred growth. The IRS traditional IRA limits are updated regularly, shaping how much individuals can contribute, deduct, and eventually withdraw. It’s important to note that if you exceed ...

The Hidden Truth About Why Your 401k Won’t Be Enough for Retirement, And What to Do Instead

You’ve been contributing to your 401k for years. You’ve watched the balance grow. You feel good about your retirement savings. But here’s the uncomfortable truth most financial advisors won’t tell you: your 401k alone probably won’t be enough. The numbers are more alarming than you think. According to recent studies, the median 401k balance for ...

GUIDANCE: Year‐End Tax Planning for Retirement

Year‑end tax planning can meaningfully reduce your tax bill, grow retirement savings, and set you up for more secure future income. As the calendar winds down, the window to make strategic moves that count for the current tax year closes — so proactive steps now can have lasting financial impact. Effective year‑end planning for retirees focuses on: ● Reducing ...

GUIDANCE: Planning Retirement for a Potential Lifespan to Age 100

Longevity is a key risk factor in retirement planning. If you retire at 65 and live to 100, that’s 35 years of retirement to fund — nearly as long as many people worked to accumulate savings. Why Longevity Matters ● Life expectancy projections change with age: A 65‑year‑old today is likely to live much longer — on average into their mid‑80s ...

How To Build A Bridge Fund For Early Retirement

Early retirement sounds like freedom — no more meetings, no more commute, more time to focus on what matters. But between the day you leave work and the day Social Security, Medicare, and penalty-free withdrawals from retirement accounts kick in, there can be a big financial gap. That’s where a bridge fund comes in. A bridge fund ...

GUIDANCE: What These 6 New Books Teach About Money, Meaning & Retirement

Retirement planning isn’t just about accumulating a target portfolio number — it’s also about how you spend your life, how you think about risk, and how well your finances align with your values and goals. ’s roundup of six recent books highlights themes that go beyond spreadsheets and emphasize psychology, life design, resilience, and intentional living — ...

New York Power Authority Retirement Planning. A Complete Guide to Maximizing Your Benefits

You have a pension. You have a 457(b). You may have retiree healthcare options. But most NYPA employees don’t have a clear plan for how these benefits work together to produce reliable income for decades.This guide shows the retirement roadmap and the decisions that matter before you lock them in. What we cover in this ...

Navigating Early Retirement When It’s Not Your Choice — How NYPA’s 457(b) Plan Can Help

Introduction Being forced into early retirement is one of the most difficult financial challenges a professional can face. Whether it’s due to corporate downsizing, restructuring, health concerns, or unexpected job loss, leaving the workforce earlier than planned can feel overwhelming. The good news: if you are part of the New York Power Authority (NYPA), your ...

Retiring Early by Choice — How NYPA’s 457(b) Plan Can Accelerate Your Path to Financial Freedom

Introduction Some NYPA professionals don’t want to wait until their mid-60s to stop working. Whether it’s part of the FIRE movement (Financial Independence, Retire Early) or simply a desire for more freedom, the good news is that the governmental 457(b) plan is one of the most powerful tools for early retirement. Unlike traditional retirement accounts, the 457(b) lets you ...

How To Maximize Pension Contributions And Take Withdrawals

You’ve spent a lifetime working hard and building a secure future. Now, as you approach your retirement years, the focus shifts from accumulating savings to strategically managing your income. For many, a company pension plan is a cornerstone of this financial picture. But are you making the most of it? Understanding how to maximize your ...

Can You Contribute to a 401(k) & 457(b)? | RetireNova

Introduction You’ve worked hard, saved consistently, and done your best to prepare for retirement. But if you’re one of the many professionals with access to both a 401(k) and a 457(b) plan, you might be sitting on one of the most powerful and underused savings opportunities available. Most people assume you can contribute only up ...

457(b) Contribution Limits Explained

A 457(b) plan is a tax-advantaged retirement plan offered primarily to local government employees and certain nonprofit workers. Unlike a 401(k) or 403(b), the 457(b) has unique withdrawal rules, flexible distribution options, and its own set of plan contribution limits defined under IRC Section 457(b). Understanding how the annual limit works, when withdrawals can be ...

457 Plan Contribution Rules: How Much Can You Save?Deferred Compensation Plans (457): Maximum Contribution Limits457 Plan Contribution Rules: How Much Can You Save?

For many employees in the government and nonprofit sectors, pensions and Social Security alone may not provide enough income for a comfortable retirement. That’s where a deferred compensation plan (457) comes in. These programs allow participants to allocate a portion of their salary into tax-advantaged accounts, often complementing a deferred benefit pension plan to build ...

457(b) Plan Withdrawals: When Are They Penalty-Free?

A 457(b) plan is a special type of retirement account, most often offered to state and local government employees, and sometimes to nonprofit workers. It’s similar to a 401(k) or 403(b), but with one big perk: you can often take money out penalty-free as soon as you leave your job. In other words, you don’t ...

457 Plan Contribution Rules: How Much Can You Save?

Planning for retirement is a process that requires discipline and knowledge about the rules governing your accounts. For state and local government employees, as well as some nonprofit organizations, the 457 plan is one of the most robust savings vehicles around. Unlike a traditional 401(k), though, 457 plans have their own contribution limits and catch-up ...

Forced Early Retirement – 10 Immediate Recovery Steps to Regain Control

The First 90 Days Are Critical Being told you’re retiring before you planned — whether because of layoffs, health issues, or personal circumstances — can feel like the floor just dropped out from under you. You go from having a steady paycheck and predictable benefits to staring at an uncertain financial future. The good news? ...

How New York Taxes 457(b) Withdrawals and What It Means for Your Retirement Income

When you’re planning for retirement, it’s not just about how much you save it’s also about how much you keep. And for New Yorkers with a 457(b) retirement plan, state tax rules can make a real difference in your bottom line. Understanding how your withdrawals will be taxed helps you build a smarter strategy for ...

What Are Unforeseeable Emergency Distributions in 457(b) Plans, and When Can They Be Used?

A 457(b) plan offers valuable retirement savings opportunities for state, local government, and certain non-profit employees. While its primary goal is long-term retirement security, life doesn’t always go according to plan. Situations may arise where participants need urgent access to funds. That’s where unforeseeable emergency distributions come in. In this guide, we’ll explain: Defining an ...

Federal Early Retirement: The Ultimate Guide to VERA, VSIP Buyouts & Job Cuts

For decades, government employment has been synonymous with one word: security. Stable paycheck. Reliable pension. Predictable career path. You traded potentially higher private-sector salaries for something more valuable—peace of mind about your financial future. That certainty is evaporating. If you are a federal, state, or local government employee over 50, likely with $500,000 or more ...

Bridging the Gap – Funding Your Life Between Early Retirement and Social Security, Medicare, and RMDs

For many early retirees, the years between leaving the workforce and reaching key benefit milestones are the most financially challenging. You’ve stepped away from a paycheck, but you’re not yet eligible for Social Security, Medicare, or penalty-free retirement withdrawals from certain accounts. These “in-between years” — sometimes called the retirement gap — can last a decade or ...

10 Immediate Recovery Steps to Regain Control after being forced into an Early Retirement

Introduction: The First 90 Days Are Critical Being told you’re retiring before you planned — whether because of layoffs, health issues, or personal circumstances — can feel like the floor just dropped out from under you. You go from having a steady paycheck and predictable benefits to staring at an uncertain financial future. The good ...

Social Security at 62 vs. 70 – The Forced Early Retirement Dilemma

When you’re forced into early retirement, Social Security becomes more than a retirement benefit – it becomes a lifeline. The decision of when to claim Social Security benefits is always complex, but forced early retirement adds urgency and emotional pressure that can lead to costly mistakes. Should you claim immediately at 62 to ease financial ...

The Rule of 55: Your Secret Weapon for Penalty-Free 401(k) Access in Forced Early Retirement

Hidden in the maze of retirement rules is a powerful provision that can save you tens of thousands in penalties: the Rule of 55. If you’ve been forced into early retirement at age 55 or later, this little-known rule could be the difference between financial survival and financial devastation. Yet 90% of displaced workers don’t ...

Healthcare Survival Guide – Protecting Your Health and Wealth During Forced Early Retirement

Losing your job is devastating. Losing your health insurance at the same time can be financially catastrophic. When you’re forced into early retirement, healthcare coverage often becomes your largest monthly expense – sometimes exceeding your mortgage payment. Without proper planning, medical costs can quickly drain retirement savings that need to last decades. But here’s what ...

When Your Career Ends Without Warning – A Survival Guide for Forced Early Retirement

The phone call came on a Tuesday morning. After 25 years with the company, Sarah was told her position was being eliminated. At 58, with just seven years until her planned retirement, her world turned upside down in an instant. Sound familiar? If you’re reading this, chances are you’re facing the same devastating reality that ...

When you need a Comprehensive Retirement Calculator

Using a comprehensive retirement planning tool — one that goes far beyond a simple one‑dimensional calculator — allows you to stress‑test your plan, explore alternatives, and build confidence about your financial future. ’s retirement planner is an example of such a tool that enables detailed scenario testing across many variables. Why Scenario Planning Matters A retirement plan isn’t static ...

60/40 is Dead: The Math That Proves It

For decades, the 60/40 portfolio was the gold standard of retirement planning. Sixty percent stocks, forty percent bonds. Simple, clean, and supposedly safe for retirees. Financial advisors recommended it. Academic studies praised it. Millions of Americans built their retirement dreams around it. There’s just one problem: The math proves it doesn’t work for modern retirement. ...

Bridging the Gap – Funding Your Life Between Early Retirement and Social Security, Medicare, and RMDs

For many early retirees, the years between leaving the workforce and reaching key benefit milestones are the most financially challenging. You’ve stepped away from a paycheck, but you’re not yet eligible for Social Security, Medicare, or penalty-free retirement withdrawals from certain accounts. These “in-between years” — sometimes called the retirement gap — can last a decade or ...

Early Retirement Planning – How to Retire Sooner Without Running Out of Money

Introduction: The New American Dream Once, retiring at 65 was the milestone everyone aimed for. Now, more people are chasing something different — the ability to walk away from full-time work in their 50s, 40s, or even earlier. The appeal is obvious: more years of health and energy to travel, explore passions, or simply live ...

How Much Do You Really Need to Retire? The Shocking Math Most Financial Advisors Won’t Tell You

“You need $1 million to retire comfortably.” “Save 10 times your annual income.” “The 4% rule will make your money last.” You’ve heard these rules of thumb countless times. But here’s what most financial advisors won’t tell you: these generic formulas are not only oversimplified – they’re often dangerously wrong. The truth about retirement math ...

How to Build a Bridge Fund for Early Retirement

Early retirement sounds like freedom — no more meetings, no more commute, more time to focus on what matters. But between the day you leave work and the day Social Security, Medicare, and penalty-free withdrawals from retirement accounts kick in, there can be a big financial gap. That’s where a bridge fund comes in. A bridge fund ...

I Have $500,000 — Is It Enough to Retire?

One of the most common retirement questions is: I saved half a million dollars, can I retire comfortably? The short answer is maybe, $500,000 can be enough for some retirees, but it heavily depends on factors like your location, spending habits, Social Security benefits, and investment strategy. To understand better, let’s explore the math, trade-offs, ...

The Rule of 55: Your Secret Weapon for Penalty-Free 401(k) Access in Forced Early Retirement

Hidden in the maze of retirement rules is a powerful provision that can save you tens of thousands in penalties: the Rule of 55. If you’ve been forced into early retirement at age 55 or later, this little-known rule could be the difference between financial survival and financial devastation. Yet 90% of displaced workers don’t ...

Early Retirement Planning – How to Retire Comfortably Before 65 (Even Without Millions)

“I can’t retire until 65 – I don’t have millions saved.” This limiting belief keeps millions of Americans trapped in jobs they’ve outgrown, postponing their dreams until “someday” that may never come. But what if I told you that early retirement isn’t just for tech millionaires and lottery winners? What if you could retire comfortably ...

The Ultimate Guide to Finding and Choosing the Right Financial Advisor in Buffalo, NY

Navigating your financial future in Buffalo, New York can feel overwhelming. Between planning for retirement, managing investments, and making sense of complex NY state tax laws, it’s easy to worry you might be overlooking key opportunities. But securing your financial future with confidence is entirely within reach. The key is partnering with the right financial ...

What Your Financial Advisor Isn’t Telling You About Retirement Fees (Industry Insider Reveals All)

After 15 years in the financial services industry, I’m about to break the code of silence. The retirement planning industry has a dirty secret: the fees you’re paying are often 2-3 times higher than what you’re told, and these hidden costs are quietly stealing hundreds of thousands of dollars from your retirement. Most financial advisors ...

The 29 Retirement Mistakes That Are Quietly Sabotaging Your Future (And How to Fix Them)

Let’s be honest: we all make financial mistakes. According to recent studies, at least half of Americans are making most of these errors right now. The good news? Once you know what they are, they’re surprisingly easy to fix. I’m going to walk you through the 29 most common retirement planning mistakes I see—including the ...

The Ultimate What to do When Switching Your Financial Advisor Checklist

PART 1: Decide If Your Advisor Is Failing You (1–20) 1. Pull your last 3 years of account statements and calculate your actual net annual return after fees → Tool: PortfolioVisualizer.com 2. Compare your returns to a simple 3-fund portfolio benchmark → Tool: Vanguard Total Market + International + Bond index 3. List every product you own and mark which ...

Early Retirement Planning – How to Retire Comfortably Before 65 (Even Without Millions)

“I can’t retire until 65 – I don’t have millions saved.” This limiting belief keeps millions of Americans trapped in jobs they’ve outgrown, postponing their dreams until “someday” that may never come. But what if I told you that early retirement isn’t just for tech millionaires and lottery winners? What if you could retire comfortably ...

Retirement Income Planning – How to Never Worry About Market Crashes Again

October 2008. Your retirement account loses 40% of its value in six months. March 2020. The market crashes 35% in three weeks. What’s your backup plan? If your retirement income strategy involves watching your account balance and hoping the market cooperates, you’re not planning – you’re gambling. And the house always wins eventually. But what ...

Required Minimum Distribution (RMD) Rules: Ages, Tables & How to Calculate

When you save for retirement through accounts like a 401(k) or IRA, the IRS eventually requires you to begin taking money out. These withdrawals are known as Required Minimum Distributions, or RMDs. The purpose of RMD rules is simple: retirement accounts give you tax advantages while you’re working, but the government wants to collect taxes ...

Key Retirement Contribution Deadlines to Remember

Why Deadlines Matter in Retirement Planning When it comes to retirement, how much you save is only half the story. The other half is when you save it. Every year, the IRS sets firm deadlines for when contributions must be made to count for that tax year. Miss those dates, and you could lose valuable tax benefits, employer matches, ...

Social Security and Medicare 2025: What Retirees Need to Know

For most Americans, retirement security rests on two main pillars: Social Security for monthly income and Medicare for health coverage. Together, they form the foundation of financial stability later in life. But while they’re connected, they don’t operate the same way. Social Security provides income you’ve earned over your working years. Medicare, on the other ...

How to Maximize Spousal Social Security Benefits for Married Couples

Social Security spousal benefits are an important part of retirement planning for many couples — especially when one spouse has a significantly higher earnings history or limited earnings. The goal is to coordinate benefit claiming so the couple maximizes lifetime income without leaving money on the table. What Are Spousal Benefits? Spousal benefits allow a lower‑earning spouse ...

Social Security Cost‐of‐Living Adjustments (COLA) Explained

Social Security COLA stands for Cost‑of‑Living Adjustment — an annual increase in Social Security and Supplemental Security Income (SSI) benefit amounts intended to help benefits keep pace with inflation. COLAs are mandatory when inflation rises, and they protect benefit purchasing power over time by adjusting payouts based on changes in the Consumer Price Index. Social Security Why COLA Matters ● ...

How Social Security Works — Penalties, Taxes, and Claiming Strategies

Social Security is often seen as the reliable pillar of retirement income — a steady check from the government that you can count on for life. But when you look closer, the timing of when you claim it, the taxes you’ll pay, and the penalties for starting too early can make a dramatic difference in ...

Healthcare Before Medicare – Affordable Coverage Options for Early Retirees

Retiring before age 65 can feel liberating — until you realize Medicare won’t start for years. Those “gap years” can be the most expensive for healthcare if you don’t plan carefully. Without employer coverage, you’re on the hook for premiums, deductibles, prescriptions, and unexpected medical bills. But with the right strategy, you can protect both ...

Healthcare Costs for Retirees by State (2024–2025)

Healthcare is one of the biggest retirement expenses, often second only to housing. While Medicare provides a foundation, retirees still face significant out-of-pocket costs, and these vary widely by state. Knowing the numbers can help you plan for both your budget and where you might want to live. This guide breaks down the 2025 healthcare ...

How and When to Roll Over a T. Rowe Price 457(b) Plan to an IRA or Other Retirement Account

If you’ve been building your retirement savings through a T. Rowe Price 457(b) retirement plan, there will come a time when you consider moving your money into another retirement account. Whether you’re changing jobs, retiring, or consolidating your retirement plans, it’s important to understand the distribution rules, tax implications, and available investment options before making ...

New York Power Authority Retirement Planning. A Complete Guide to Maximizing Your Benefits

Last Updated: February 2026 You have a pension. You have a 457(b). You may have retiree healthcare options. But most NYPA employees don’t have a clear plan for how these benefits work together to produce reliable income for decades. This guide shows the retirement roadmap and the decisions that matter before you lock them in. ...

What am I actually paying for when I use a financial advisor?

You’re Not Buying an Investment Strategy – You’re Buying Emotional Discipline Here’s an uncomfortable truth that most financial advisors won’t tell you: The biggest threat to your retirement isn’t market crashes, inflation, or even poor investment selection. It’s your emotions. Every year, countless retirees and pre-retirees make costly emotional decisions that permanently damage their financial ...

What are RMDs (Required Minimum Distributions), and what are the rules by age.

RMD Rules: Ages, Tables & How to Calculate When you save for retirement through accounts like a 401(k) or IRA, the IRS eventually requires you to begin taking money out. These withdrawals are known as Required Minimum Distributions, or RMDs. The purpose of RMD rules is simple: retirement accounts give you tax advantages while you’re ...

How Do Catch-Up Contributions Work in 457(b) Plans

Understand how 457(b) catch-up contributions work, including the age 50 rule and the 3-year prior to retirement rule, with T. Rowe Price examples.

401(k) Contribution Limits 2025: Complete Guide

401(k) Contribution Limits 2025: Complete Guide Retirement planning in the United States is built around one of the most popular savings vehicles, the 401(k) contribution. Every year, the Internal Revenue Service (IRS) updates the rules, raising or adjusting the limits on 401(k) contributions to help workers and business owners save more, including participation in the ...

Planning for Retirement: What You Need to Know About Social Security Benefits and Future Payout Risks

Retirement planning is no longer just about saving enough in your 401(k) or IRA, it’s about understanding how Social Security rules will impact your income and what risks exist for future payouts. Millions of Americans rely on Social Security as their primary or supplemental source of retirement income, but with benefit reductions on the horizon, ...

The Hidden Truth About Why Your 401k Won’t Be Enough for Retirement, And What to Do Instead

You’ve been contributing to your 401k for years. You’ve watched the balance grow. You feel good about your retirement savings. But here’s the uncomfortable truth most financial advisors won’t tell you: your 401k alone probably won’t be enough. The numbers are more alarming than you think. According to recent studies, the median 401k balance for ...

Financial FAQs

Understanding how your savings can work for you is an important part of creating your financial future. If you’re curious about personal finance and want to learn more, here are some common questions we hear from new clients. I just started my first job. Do I need to start saving for retirement now? While retirement ...

What does “Wealth” Mean to You?

In our client meetings, the term “wealth” is often tossed around somewhat loosely. We talk about building wealth, managing wealth, enhancing wealth, and preserving wealth as if the concepts are universally understood. But what exactly is wealth? It’s such a vague term that every person has a slightly different meaning. That’s why we need to ...

It’s Never Too Late to Save for Retirement

Retirement can sneak up on you. While it seemed like a lifetime away at one point, it now may feel like retirement is just around the corner. Maybe at one point, you wanted to work forever, but now you’re ready to walk out of your workplace for good. Or maybe you’ve started daydreaming about a ...