by munnmorris | Nov 29, 2022 | Financial Planning, Retirement
It’s always a good idea to check in on the status of any plans or goals you may be working towards, and your retirement plan is certainly no exception. When you’re younger and retirement feels far off, you could get away with infrequent checks, but as you approach...
by munnmorris | Feb 7, 2022 | Budgeting, economy, Financial Planning, Retirement
When it comes to saving for retirement, many people take a set-it-and forget-it approach. But not paying attention to your 401(k) and IRA accounts could cause you to miss valuable savings opportunities. Avoid these seven mistakes: Not contributing enough to get your...
by munnmorris | Jan 4, 2022 | Budgeting, Financial Journeys, Financial Planning, Helpful Resources, Retirement
It is never a bad idea to begin planning for retirement, no matter what stage of life you are in. Today is when all those small decisions about retirement can start having a big impact on your future self. It is important to remember that it is never too soon to plan...
by munnmorris | Dec 29, 2021 | Articles of Interest, Financial Planning, Helpful Resources, Retirement
A 401k is a retirement account that you can open with your employer for savings. The goal of this type of account is to continue to save over time to help support your future retirement. You may not know what all goes into a 401(k) plan. That doesn’t mean you...
by munnmorris | Nov 29, 2021 | Retirement, Uncategorized
It’s tempting to pay little attention to an individual retirement account (IRA). After all, with a maximum contribution of $6,000 in 2021 and 2022 ($7,000 if you are over age 50), how much can an IRA contribute to the vast sums you’ll need for retirement? The answer...
by munnmorris | Dec 8, 2020 | Articles of Interest, Financial Planning, Long Term Care, Retirement
Retirement income typically comes from savings, an IRA, a 401(K) and Social Security benefits. However, enjoying truly rewarding golden years will prove much easier if you minimize your tax burden. Prudent tax strategies minimize the amount of money that is redirected...