News

Below is an excerpt of an article by Anne Tergesen concerning 401(k) plans which I wanted to share with you:

When it comes to building retirement wealth, growing numbers of 401(k) participants are seeking help from online advice programs and professional money managers. But is that advice worth paying for? According to a study released May 19, 2014, the answer is an emphatic yes. Between 2006 and 2012, participants in 401(k) plans who paid extra for advice earned an average of 3.32 percentage points more per year, after fees, than those taking do-it-yourself approach. To find out more, read June’s Tax Newsletter.

Read June’s tax Newsletter

With pension plans becoming as rare as the gold watch at retirement, most of us need to face up to this stark reality: We will likely need to fund much of our retirement on our own. And that means saving early and often, taking full advantage of tax incentives, and investing wisely. To find out how, read September’s Government/Public Sector newsletter.

read September’s Government/Public Sector newsletter

September 401(k) Newsletter

Posted on September 24, 2014 in

Are you within a few years of retirement? It’s time right now to get your financial house in order, and here’s what to include on your pre-retirement financial checklist.

In this month’s newsletter, Nolen Bailey, Director of Retirement Plan Services, outlines a retirement checklist and discusses options for 401(k) rollovers.

DOWNLOAD SEPTEMBER’S 401(k) NEWSLETTER

On June 14, 2014, Chas P. Smith, president and chief investment officer of CPS Investment Advisors in Lakeland, was a guest speaker at the Mathews Benefit Group Employee Benefit Plan conference. His topic was wealth accumulation through 401k/profit sharing plan contributions.

Investors who attempt to time the market run the risk of missing periods of positive returns.

The image illustrates the value of a $100,000 investment in the stock market from Jan. 2007 to Oct. 2013, which included the global financial crisis and the recovery that followed. The value of the investment dropped to $54,381 by Feb. 2009 (the trough date). If an investor remained invested in the stock market, the ending value would be $143,550. (more…)

Health Care Reform

Posted on July 5, 2014 in

The Affordable Care Act (ACA) has generated a great deal of confusion and concern. Although no tax considerations for individuals are involved, taxpayers who don’t have health care coverage may be subject to a penalty. Even if you already have coverage, you may want to consider alternatives available in the newly created Health Insurance Marketplace. We can help you assess what reform means to you and offer the advice you need to make the best choices.

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