March 14th, 2019

The Importance of TOD & JTWROS Designations

TOD, JTWROS – what do these obscure acronyms signify? They are shorthand for transfer on death and joint tenancy with right of survivorship – two designations that permit automatic transfer of bank or investment accounts from a deceased spouse to a surviving spouse. This automatic transfer of assets reflects a legal tenet called the right … Continue reading “The Importance of TOD & JTWROS Designations”

March 6th, 2019

How Legislative Changes Will Affect TSP Participants

Most federal government employees rely on the government’s Thrift Savings Plan (TSP) as their primary retirement savings tool. The TSP is designed to serve as a 401(k)-type retirement plan for these workers. However, there are some serious drawbacks to TSPs when compared to 401(k)s, especially when it comes to their distribution rules. The good news … Continue reading “How Legislative Changes Will Affect TSP Participants”

February 25th, 2019

The Importance of Advance Directives

Many people wait too long to create advance health directives and appoint a health care surrogate―and the results can be tragic. A recent article, by a physician, who is also a financial planner, illustrates a not-uncommon situation in which nobody wants to find themselves. The story begins with a woman suddenly becoming acutely ill and … Continue reading “The Importance of Advance Directives”

February 19th, 2019

Closing the Donut Hole

If you haven’t been really, really sick in the last few years, you may not have ever heard of the “donut hole” in Medicare Part D prescription drug plans. This is the common name in the medical field for an unusual coverage gap where, if you incurred $3,750 worth of drug costs in any given … Continue reading “Closing the Donut Hole”

February 15th, 2019

Are One-Percenters Rich or Comfortable?

What would you have to make to be a one-percenter? That is, to have an income in the upper one percent of the population, in the U.S., Singapore, China, Brazil, England or Australia. The answer, of course, differs in every country. At the bottom of the scale, someone earning $81,000 a year in India is … Continue reading “Are One-Percenters Rich or Comfortable?”

January 7th, 2019

Why Now Could Be a Good Time for a Roth IRA Conversion

Roth IRAs are one of the best gifts that Congress has ever given Americans when it comes to saving money for retirement. Contributions grow tax deferred like with traditional IRAs, but withdrawals are usually tax-free if they’re made after you turn 59½ years old. Also, there are no Required Minimum Distributions (RMDs) with Roth IRAs … Continue reading “Why Now Could Be a Good Time for a Roth IRA Conversion”

January 7th, 2019

How Medigap Choices Are Changing

With Plan F and Plan C going away in 2020, Plan G may become the most common option. Soon, the most popular Medigap policy will no longer be available. Seniors will lose the chance to buy Plan F in 2020 as well as the less popular Plan C. These policies cover Medicare’s Part B deductible, … Continue reading “How Medigap Choices Are Changing”

January 4th, 2019

Target Date Funds

Hello. This is Clark Kendall with Kendall Capital Management in the Greater Washington, DC area. Today’s investment nugget is target date funds.   Target date funds determine your asset allocation based upon one factor and one factor alone, your age. Can you imagine the Class of 1975, walking across the graduation stage? They received their … Continue reading “Target Date Funds”

December 13th, 2018

Social Security Gets Its Biggest Increase Since 2012

Social Security will soon give seniors their largest “raise” since 2012. In view of inflation, the Social Security Administration has authorized a 2.8% increase for retirement benefits in 2019. This is especially welcome, as annual Social Security cost-of-living adjustments, or COLAs, have been irregular in recent years. There were no COLAs at all in 2010, … Continue reading “Social Security Gets Its Biggest Increase Since 2012”

November 14th, 2018

IRS Raises Retirement Plan Contribution Limits for IRAs, 401(k)s and More

The IRS has announced inflation-adjusted figures for retirement account savings for 2019, and there are a lot of changes that will help savers grow these accounts. Most notable, is that for the for the first time since 2013, the contribution limit for individual retirement accounts (IRA’s) has increased, from the current $5,500 to $6,000. The … Continue reading “IRS Raises Retirement Plan Contribution Limits for IRAs, 401(k)s and More”