by Asset Strategy | Sep 18, 2023 | Financial Planning, Retirement Planning
Many Americans are approaching their golden years with some level of debt. In 2016, nearly 61% of US citizens were transitioning into retirement while still bearing debt.[1] While one might assume that expenses would naturally decrease after retiring, that isn’t...
by Asset Strategy | Sep 13, 2023 | Barron's, Retirement, Retirement Planning
Roth 401(k)s remain underused, despite the growing number of companies offering them to employees. Experts say that almost everybody should contribute to these after-tax retirement accounts. Eight in 10 retirement plans administered by Vanguard offered a Roth option...
by Asset Strategy | Aug 14, 2023 | Financial Planning, Retirement Planning
If you’ve done any searching on the internet, you’ve probably seen the advice to minimize your financial planning and retirement fees as much as possible. Many outlets for financial explanations and information recommend paying as little as possible to maintain your...
by Asset Strategy | Jul 31, 2023 | Retirement Income, Retirement Planning
Before 1978, most retirement plans were set up as pensions. Although the term “pension” can colloquially be referred to any kind of retirement account, usually what is meant by “pension” is a defined-benefit plan.[1] “Defined-benefit plan” is a technical term for a...
by Asset Strategy | Jul 19, 2023 | Barron's, Financial Planning, Retirement Planning
The Internal Revenue Service is allowing people who inherited an individual retirement account after 2019 to skip a required minimum distribution this year, but most still must empty the account within 10 years. The IRS issued the new guidance Friday. There has been...
by Asset Strategy | Jul 17, 2023 | Retirement Planning
When you turn 59 ½, there are things that begin to happen. Most importantly: you can begin withdrawing from your retirement accounts, such as 401(k)s and IRAs.[1][2] This age is also very important because it can mark a shift in your investment and retirement...
