Pension Protection Act of 2006
The Pension Protection Act of 2006 was aimed at increasing retirement savings. Most notably, employers were allowed to automatically enroll employees in the company’s 401(k) plan.
Dividend Reinvestment Plans (DRIPs)
Many new investors look for a way to invest a small amount of cash into the stock market without paying huge commissions. To meet this increasing demand, more companies are offering dividend reinvestment plans, also known as DRIPs. DRIPs are offered by a corporation and allow investors to reinvest their cash dividends by purchasing additional shares or fractional shares of some of the most well known publicly-traded companies for as little as $10 at a time. As a result, DRIPs have become heavily promoted as viable solutions to new investors entering the stock market
Don’t Put All Your Eggs in One Basket
Many sectors are negatively correlated, so by diversifying your portfolio you may be able to better weather a market downturn.
Seeking Unbiased Advice from Your Financial Planner
If you are seeking to develop a long-term relationship with a financial adviser, we suggest you understand the motivation behind the advice you are given.
Do-It-Yourself Financial Planning
If you intend to create your own financial plan, we suggest consulting an insurance agent, a tax adviser and an estate planning attorney in addition to establishing your savings plan.
Taxpayers Become Victims of E-mail Scam
The U.S. Treasury Department’s Electronic Federal Tax Payment System is a safe and convenient way to file and pay your taxes online. However, beware of email scams claiming your credit card has been enrolled to pay taxes due.
Employer Provided Benefits
An employer can provide many different forms of medical coverage benefits to its employees. Some are tax advantageous for the employee, while other plans are required to be included as income.
What is a Home Equity Line of Credit?
A home equity line of credit is a secured loan, which uses the borrower’s home as collateral, and allows the borrower to draw funds as needed and offers various repayment option at variable interest rates.
Getting Out of Credit Card Debt
Getting out of credit card debt takes discipline. The first step is to stop using your credit cards and incurring more debt.
Long-Term Care Insurance
Adding long-term care insurance as part of your financial plan is partially a subjective decision that involves more than just financial analysis. Depending on your assets, you may be able to “self-insure.”