Archive - March 2018

1
Early Withdrawal from Retirement Plans
2
Working Women and Our Current Tax Code
3
What’s Going on in the Markets March 25, 2018
4
Getting Real About Retirement – Will You Have Enough Money to Remain Comfortable?
5
8 Broker-Dealers You Should Avoid

Early Withdrawal from Retirement Plans

Six-twenty is an early withdrawal time.If you are retiring before the “normal” retirement age of 59½ or older, or if you find yourself in need of money, you may need to make an early withdrawal from your retirement plan. An early withdrawal from your retirement plan is not without consequences – there will be taxes for sure, and quite possibly (likely?) penalties (referred to as “additional tax on early withdrawals” below). For exceptions to the early withdrawal penalty for IRAs, see this article. Otherwise, for exceptions to the early withdrawal penalty for a 401k, see this article.

Recently the IRS published …

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Working Women and Our Current Tax Code

A Slate article on the ways in which our current tax code hurts working women points out:

“The biggest roadblock to fixing the system is that most people don’t even know it’s broken—or at least in which particular ways it’s broken.”

You may think of filing taxes as something you must do as an individual but really, our system taxes families as a whole.

While someone might argue that our tax system is fair because it penalizes the second earner in a family (no matter who that person may be), because more often than not, that second earner is a …

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What’s Going on in the Markets March 25, 2018

With the threat of a trade war, the appointment of a new National Security Advisor, and potential war drums being pounded, the markets took a pounding of their own last week. After a robust recovery, the stock markets now seem intent on re-testing the February 8th lows.

As stocks went on sale again, there didn’t seem to be a lot of bargain hunters stepping in to take advantage of the lower prices. The S&P 500 lost 5.9% over five days, its worst week since January 2016.

S&P 500 weekly change

This action follows a by-now-familiar pattern: the Trump Administration announces tariffs—this time on Chinese …

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Getting Real About Retirement – Will You Have Enough Money to Remain Comfortable?

By Eve Kaplan, Certified Financial Planner ™

Let’s get real about retirement. Will you have enough to remain comfortable in retirement for 30 years or more?  Studies show this is a recurring fear many Americans feel. As a Fee-Only financial advisor, my number one priority is to confront this fear and help my clients retain enough money to have a comfortable and financially independent retirement.

In past articles, I’ve gone through a number of investment strategies to boost retirement readiness. This time I’ll address some planning do’s and don’ts for pre-retirees and retirees:

  1. Don’t get caught short – retain an
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8 Broker-Dealers You Should Avoid

The CFP Board is revising the Standards by which it expects those holding the CFP® mark to abide. It has new proposals which hold the expectation of those using the CFP® mark to act as fiduciaries in every sense of the word. They expect those with the CFP® mark to not mislead consumer about how they are compensated or what conflicts of interest that might entail.

Now I read in an InvestmentNews article that “Eight major brokerage firms are calling on the Certified Financial Planner Board of Standards Inc. to halt its effort to raise the investment-advice requirement attached …

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