March 2020 - Networth Advisors

3 Surprising Retirement Costs

3 Surprising Retirement Costs

Some surprises are great, like birthday parties, getting a surprise visit from a family member or friend, and winning the lottery. Others may not be as much fun, like taxes and unforeseen expenses. However, there are ways to help prepare for these expenses so that they’re not surprises. As an example, the SECURE Act changed [...]

Becca Mack2020-05-13T02:33:54+00:00March 20th, 2020|Financial Planning, Retirement Planning|

New Year, New Law Part 4: 4 Ways the SECURE Act Could Affect Your 401(k)

New Year, New Law Part 4: 4 Ways the SECURE Act Could Affect Your 401(k)

Here’s proof that funding retirement has changed: In 1970, 45% of private sector employees were covered by a pension plan.1 Now, 4% are covered.2 Though non-private sector employees still often have pensions offered to them, for private sector employees, pensions have largely been replaced by 401(k), IRAs, and similar retirement plans, and retirees must find a [...]

Becca Mack2020-05-13T02:22:31+00:00March 6th, 2020|Retirement Planning|