March 12th, 2018

Target Date Funds

Advice for the Middle Class Millionaire Clark shares his thoughts on target date funds. 

January 22nd, 2018

Retirement Planning Mistakes

Much has been written about the classic financial mistakes that plague start-ups, family businesses, corporations, and charities. Aside from these blunders, there are also some classic financial missteps that plague retirees. Calling them “mistakes” may be a bit harsh, as not all of them represent errors in judgment. Yet whether they result from ignorance or … Continue reading “Retirement Planning Mistakes”

December 28th, 2017

Examining the 2018 Social Security COLA and Increased Medicare Premiums

Seniors in the Washington D.C. area and the rest of the country received good news this fall. Next year, monthly Social Security income payments to retirees will increase by 2.0%. That will mean an extra $326 – roughly $27.40 a month – for the average Social Security recipient in 2018. This is the largest cost-of-living … Continue reading “Examining the 2018 Social Security COLA and Increased Medicare Premiums”

August 30th, 2017

Best Practices for Talking to Your Kids about Your Wealth

Are you a Middle Class Millionaire? If you have children, at some point they may discern how wealthy you are – and in turn, learn how “rich” their parents are. How will you handle that moment? How will they handle that knowledge? We all know (or have heard) about children from wealthy families who grew … Continue reading “Best Practices for Talking to Your Kids about Your Wealth”

April 28th, 2017

A New Tax Break for Montgomery County Seniors and Military Retirees

Are you a Montgomery County resident age 65 or older or a military retiree age 65 or older? If so, you may be eligible for a 20% tax credit on your Montgomery County property taxes if you meet certain criteria. On March 7, 2017, the Montgomery County Council passed the Property Tax Credit for Elderly … Continue reading “A New Tax Break for Montgomery County Seniors and Military Retirees”

April 6th, 2017

Is It Time to Retire Your Thrift Savings Plan?

March 21st, 2017

Tips for Rollovers and Withdrawals from Employer Retirement Plans and IRAs

Have you recently changed jobs or retired?  Not sure what to do with your retirement savings plan?  If so, we suggest completing either a direct transfer to your new job’s retirement plan or requesting an IRA rollover – a common and useful financial move – so you don’t leave your money behind. Rollovers between workplace … Continue reading “Tips for Rollovers and Withdrawals from Employer Retirement Plans and IRAs”

February 9th, 2017

Kendall Capital’s 2017 Financial To-Do List

Now is a good time to think about the investing, saving, or budgeting methods you could employ toward specific objectives. What financial, business, or life priorities do you need to address for 2017? We provide our list of a few “To-Dos” for the year that might prove useful: Can you contribute more to your retirement … Continue reading “Kendall Capital’s 2017 Financial To-Do List”

January 23rd, 2017

2017 Retirement Plan Contribution Limits

Each October, the Internal Revenue Service announces changes to annual contribution limits for IRAs and workplace retirement plans. Are any of these limits rising for 2017? Will IRA contribution limits go up? Unfortunately, no.  Annual contributions for Roth and traditional IRAs remain capped at $5,500 for 2017, with an additional $1,000 catch-up contribution permitted for … Continue reading “2017 Retirement Plan Contribution Limits”

January 19th, 2017

Making & Keeping Financial New Year’s Resolutions

How will your money habits change in 2017? What decisions or behaviors might help your personal finances, your retirement prospects, or your net worth? Each year presents a “clean slate,” so as we start 2017, it is natural to think about what you might do (or do differently) in the 12 months ahead. Financially speaking, … Continue reading “Making & Keeping Financial New Year’s Resolutions”