savings

Not Adding Up
The recent government shutdown served as a very public reminder of a widespread reality in urgent need of solutions: far too many American families are a paycheck away from financial distress
More working New Yorkers will have an easy and effective way to save for their future thanks to the state’s newly-enacted Secure Choice Savings Plan.
Many households are considering their financial future this time of year and making planning decisions that will ultimately impact retirement. Follow recent coverage on important resources and mistakes to avoid when planning for retirement.
Family on a graduation day
One of the most popular ways to save for higher education is through a savings or prepaid tuition plan known as a Section 529 qualified tuition program, or 529 plan. Currently 49 states and the District of Columbia offer 529 plans. Thirty-three states give a state tax break to parents, grandparents…
Retirement
Individuals need better information to know how much to save for retirement. A good place to start is to provide them with a projection of their total retirement income that includes the monthly income they can reasonably expect from their retirement savings and their Social Security benefits. This…
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Celebrating Black History Month is a tremendous opportunity to acknowledge our past achievements, address present challenges and dream about future possibilities. The legacy of Dr. Martin Luther King Jr. inspires us to dream about a future that affords us to live in comfort and prosperity. He…
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Small businesses would be able to band together to create a joint 401(k) retirement plan, and some part-time workers could participate in their employer’s plan, under proposals to be included in President Obama’s final budget to Congress.
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The U.S. Department of Labor is paving the way for states to sponsor retirement plans for millions of private-sector workers who don’t have such programs on the job.
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Federal Reserve policymakers will meet next week to decide whether to raise a key interest rate. If they do, it’ll be the first time since June 2006.
Social Security Card and Coins
When should you begin taking Social Security benefits? That was a question asked of AARP.org visitors and registered website users . Less than 19 percent selected age 70, though that’s exactly what I tell the vast majority of my clients to do. Most object to my recommendation until I frame the…
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