Why a Banking Policy Trumps a 401(k)

“If I were to start over from scratch today with what we know, I’d probably blow up the existing structure and start over.” –Ted Benna, Father of the 401(k) Quite a powerful realization, but because so many individuals are pushed into using the qualified plan for retirement, they don’t realizeContinue Reading

How to NOT Outlive Your Money

Congratulations! You have received a clean bill of health from your doctor, you are going to enjoy life to a ripe old age! So why aren’t you celebrating? If you are like many soon to be retirees, your lack of excitement to news of longevity could be because you mayContinue Reading

401K's: Reaper of Your Retirement

He hung up the phone, it was HR, it was his turn to meet with the ‘retirement plan’ specialist. While it wasn’t mandatory, the many emails, memos and reminders provided by HR led him to realize that not attending his appropriated time may perhaps be frowned upon by higher ups.Continue Reading

Wherever there is public opinion, the potential for misconstrued truths and even myths are probable. Whole Life Insurance is no exception. There are many misunderstandings in regards to the way Whole Life Insurance works and its benefits. Some misconceptions are the result of individual opinion, however, there are quite aContinue Reading

“You’re not getting old; you’re getting ready.” -Ernestine Shepherd, the world’s oldest female competitive body builder. It’s a Fact: Americans Are Living Longer According to the CDC (Centers for Disease Control and Prevention), life expectancy in the U.S. now stands at 78.8 years. Women continue to outlive men, with lifeContinue Reading

A recent Gallup Poll reported that 21% of individuals who own 401(k)s have dipped into their retirement accounts during difficult financial times within that last five years (gallup.com).  The survey states that unless an individual is planning on only using their qualified plan for retirement and nothing else, it isContinue Reading

Not long after graduating from college I got a job at one of the nation’s largest brokerage firms. I worked on retirement accounts for doctors, nurses, teachers and other employees from organizations that offered 403(b)s – which are the non-profit’s equivalent to 401(k)s. These professionals commonly followed the advice to:Continue Reading

As a child I grew up on a farm in a family of 4 hungry kids. We’d get excited when Mom made cookies or some other goodies. Every couple weeks she would bake a small batch of cookies as a treat.  They always disappeared so fast. “Who ate all theContinue Reading