It’s that time of the year again…. Medicare open enrollment. This year open enrollment runs from October 15 until December 7. Below are some points you should consider when deciding which plan is best for you in 2015. For your Medicare coverage, you have two main choices: Original Medicare. With Original Medicare you will want […]
The Clock is Ticking…for Medicare Open Enrollment
Lump Sum or Lifetime Income?
Reader Question: My former employer has offered a $73K + lump sum payment by Dec., 2014. Otherwise I could elect monthly payments of $530 @ age 65, or $460 to begin Dec, 2014. I am 63 years old in good health. Also how would you suggest investing the lump sum amount? Answer: First, let’s tackle […]
Stewart Welch III – Financial Decisions Without Heirs on Fox 6
Test post 2 on tv
401K or Roth IRA, Which Is Best?
Reader Question: I have both a 401k as well as a Roth IRA. I’m obviously putting enough in at least for the match. Which one should I put additional money in after the match? I’m 30 years old and not sure which one would give me the best tax treatment. E.L. Answer: First, I’m glad […]
My 5 Top Strategies for Your 401K Plan
The 401(k) plan has become the foundation for building wealth for retirement of working Americans. Unfortunately I find that too many people are either not participating in their company 401k plan at all or are under-utilizing it. This is a financial mistake and if you fall into this group, now is the time to put […]
Home Depot Disaster
It happened to Target, now it’s happened to Home Depot. Thieves have hacked into Home Depot’s computer system and stolen credit card and customer data from an estimated 60 million customers. According to Home Depot spokesperson, the breach did not include on-line purchases but in-store purchases from April of this year through last week may […]
The Medicaid Trap
Reader Question: My wife and I are elderly and have one daughter that we would like to help with the money we have been able to save. It is likely that one or both of us could be in a nursing home within the next few years. Our money consists of approximately $700,000 dollars plus […]
Retirement Plan Loans and Withdrawals
The good news is that the economy continues to show signs of improvement and recent research suggests that incomes are beginning to rise. The bad news is that many workers continue to face financial strain and are seeking sources of money to solve pressing financial problems. One source often discussed is the money held in […]
Retirement Plan Loans and Withdrawals
The good news is that the economy continues to show signs of improvement and recent research suggests that incomes are beginning to rise. The bad news is that many workers continue to face financial strain and are seeking sources of money to solve pressing financial problems. One source often discussed is the money held in […]