No matter where you live, the financial advice industry can be confusing to navigate. Here in the Sacramento area, you may find many types of professionals using terms such as financial advisor or financial planner. You may also find them marketing themselves with an almost-dizzying...
Changes for retirement plan accounts in 2020. The IRS just increased the annual contribution limits on IRAs, 401(k)s, and other widely used retirement plan accounts for 2020. Here’s a quick look at the changes: In 2020, you can put up to $6,000 in any type of IRA....
After you get that first card, how can you manage your FICO score? Good credit may open doors. It is vital to securing a loan or buying a home. When you establish and maintain good credit in college, you create a financial profile for yourself that...
Make sure to align your vision of retirement with the facts. Does your vision of retirement align with the facts? Here are some noteworthy financial and lifestyle facts about life after 50 that might surprise you. Up to 85% of a retiree’s Social Security income can be...
Paying them down and managing their financial impact. Total student loan debt in America is now around $1.6 trillion. Since 2008, it has more than doubled. Federal Reserve data states that 44.7 million Americans are dealing with lingering education loans. The average indebted college graduate...
Are you prepared for the possibility—and expense—of eldercare? Do you have an extra $33,000 to $100,000 to spare this year? How about next year, and the year after that? What could possibly cost so much? Eldercare. According to the AARP Public Policy Institute, a year of in-home care...
Plan F is fading away, and Plan G may gain more popularity. Soon, two types of Medigap policies will no longer be sold. Seniors who enroll in Medicare in 2020 or later will be unable to buy Medigap Plan F or Plan C. These are the...
Things you can do for your future as the year unfolds. Which financial, business, or life priorities do you need to address for the coming year? Now is a good time to think about the investing, saving, or budgeting methods you could employ toward specific...
What you need to know about this must-do distribution. When you reach age 70½, the IRS instructs you to start making withdrawals from your traditional IRA(s). These withdrawals are called required minimum distributions (RMDs). You will make them, annually, from now on.1 If you fail to withdraw...
Three approaches to analyzing the market. The majority of stock market analysis can be lumped into three broad groups: fundamental, technical, and sentimental. Here’s a closer look at each. Fundamental analysis: The goal of fundamental analysis is to determine whether a company’s future value is accurately reflected...