What You Should Know About The SECURE Act

By |2019-05-30T20:32:44+00:00May 30th, 2019|Categories: Estate Planning, Retirement Planning, Single Point of View, Tax Planning|

We haven’t heard the term “bipartisan support” used too frequently as of late.  However, the “Setting Every Community Up for Retirement Enhancement Act of 2019” (aka the SECURE Act) seems to be an exception to the rule. The SECURE Act was passed by the House of Representatives almost unanimously (417-3 in favor).  At its very [...]

NerdWallet: Maximizing Contributions

By |2014-04-02T19:54:00+00:00April 2nd, 2014|Categories: Retirement Planning|Tags: |

I am 32 and max out my retirement savings every year through 401k and IRA. I also save an equivalent amount that I put into savings/investment accounts. How should I think about trading off between maximizing my contributions to retirement accounts versus putting less in my retirement accounts so I have more liquid assets to put [...]

NerdWallet: 401(k)

By |2013-12-23T20:37:00+00:00December 23rd, 2013|Categories: Retirement Planning|Tags: |

What happens to your 401k if you quit your job/move to another company?   Shaun Erickson CFP® Boston, MAWhen you leave, you will typically be given information on your options for your 401k plan.  Generally, you have a few options: 1) Leave it in the plan (not all companies allow this option) 2) Cash out (pay tax and [...]

NerdWallet: Traditional IRA

By |2013-12-23T20:32:00+00:00December 23rd, 2013|Categories: Retirement Planning|Tags: |

If I'm around the limit for a Roth IRA (110k single I believe), should I open a traditional IRA as well? I'm starting to max my 401k and want to open an IRA as well and start maxing it. 1 person found this answer helpful Shaun Erickson CFP® Boston, MA You should discuss the benefits of this with your [...]