Filling a one-time need for cash from your Sensible-managed portfolio takes a little time. While you may be able to withdraw cash immediately from your bank account, an investment account is different. Allow me to fully explain this step-by-step process. The process begins when you contact your advisor with your cash request. Perhaps there are [Learn more…]
Financial Planning Basics
The IRS Announced Higher 401k And IRA Contribution Limits For 2019 – How Much Should You Save?
This article originally appeared on Forbes.com. On November 1, the IRS announced cost of living increases to IRA and employer plan contribution limits for 2019. The IRA annual limit increased from $5,500 to $6,000; the employer plan limit (applicable to 401(k)s, 403(b)s, most 457 plans and the Federal Government’s Thrift Savings Plan or TSP) increased [Learn more…]
The Importance of Creating a my Social Security Account
For at least a year now, Sensible Financial has been advising its clients to create and then “lock down” their my Social Security Account. This account is located on the Social Security Administration’s web site, www.ssa.gov. Since September 29, 2018, your my Social Security account has been the only way to apply for Social Security and Medicare benefits online. Whether you are creating this account, or logging into an account you previously created, the web site [Learn more…]
Freezing Your Credit
Freezing your credit is now free (and probably makes more sense than ever) In April I wrote an article about the steps Sensible Financial takes to protect our clients’ information along with actions you can take to protect yourself, such as using strong passwords and enabling multifactor authentication where possible. A newly-passed law now makes it easier to protect your credit information. Earlier this [Learn more…]
What Should You Do With Your Old Employer Retirement Account When Changing Jobs?
With the economy picking up, more people are changing jobs. This article will focus on just one of the implications of moving to a new job: what should you do with your old employer retirement plan? You have three options, each of which I will address in turn, highlighting the factors that we use to [Learn more…]
Are You Saving Enough To Maintain Your Home?
You’re saving for retirement, but are you saving enough to maintain your home? Major home maintenance expenses can hit hard.
Let’s Talk About Your Budget. Your Lifetime Budget.
Budgeting is something that few people enjoy. Simply hearing the word may cause you to imagine clipping coupons or, worse, being out of a job. Many people believe that if you have enough resources, budgeting is a choice rather than a necessity. In what follows, I’ll explain why everyone already has a budget (whether they’ve [Learn more…]