Backdoor Roth IRA Contributions: A Way to Catch Up on Retirement Savings

Retirement planning is complicated. Many individuals put off saving, thinking that retirement is years away—until it isn’t. Then, in their 40s and 50s, they start to panic and wonder how they’ll catch up. 

4 Reasons to Consolidate Retirement Accounts

Did you know Americans change jobs an average of 12 times in their lifetime? If you have changed jobs and left behind 401(k) accounts with prior employers, you know firsthand that managing retirement accounts spread among different custodians and financial services providers can be a big headache. Let’s look at four reasons why consolidating your retirement plan accounts may be the cure.

Why We’re Not Ready to Call This a Recession (Yet)

By some definitions, a recession is identified by declines in the GDP for two quarters in a row, so you can expect this report to trigger headlines over the next several days indicating that we’re now officially in a recession. But are we?

How Did We End Up in A Bear Market, And What Comes Next?

As inflation has risen and stock prices have fallen, we’ve heard a lot of buzz about a bear market recently. And now we’re officially here. 

The Seasons of Investing

When it comes to the market, investors tend to have short memories as they struggle with what’s known as recency bias wherein more weight is put on recent events to the point of overshadowing the preponderance of historical evidence to the contrary. 

2021-2022: A Look Back, A Glimpse Ahead

It would seem counterproductive to look at these past 12 months in isolation. They were, rather, the second act of a drama that began early in 2020, the precipitant of which was the greatest global public health crisis in a hundred years. 

Estimating Your Retirement Income Needs

You know how important it is to plan for your retirement, but where do you begin? One of your first steps should be to estimate how much income you'll need to fund your retirement. That's not as easy as it sounds, because retirement planning is not an exact science. Your specific needs depend on your goals and many other factors.

The Bucket Strategy: A Better Way to Manage Retirement Income?

When it comes to creating a stream of income in retirement, there are two predominant schools of thought: the systematic withdrawal strategy and the bucket strategy. 

2022 Contribution Limits Published

Preparing for retirement just got a little more financial wiggle room, as the Internal Revenue Service (IRS) announced new contribution limits for 2022.

Tax Changes: What's In, What's Out?

While it’s still too early to draw any final conclusions, Congress is getting closer to outlining what tax law changes are under consideration to pay for the proposed $1.75 trillion Build Back Better Plan.1