Moving retirement money from a Traditional IRA, 401(k), 403(b), or other tax-deferred account to a Roth IRA is a bit like refinancing a home mortgage: you get long-term benefits, but only if you’re willing to bear
Continue Reading
July 10, 2018
Chris Toadvine
Did you know that according to the National Center for Health Statistics, the average 65-year-old man today can expect to live at least 18 more years, while his similarly aged wife can expect to live more than 20 more
Continue Reading
It’s the paramount question of every retiree: Will my lifetime savings be enough to last through the years ahead? That question is easier to answer than ever before, with help from MoneyGuidePro®, the
Continue Reading
As you probably know, the primary difference between a Roth 401(k) and a Traditional 401(k) is in how the two kinds of employer-based plans are taxed.
With a Roth, you pay taxes up front (i.e., before the money is
Continue Reading
January 26, 2018
Dan Ariely and Jeff Kreisler
According to behavioral economics, many of your ideas about saving, spending, and investing are wrong — and they cost you more than you know.
Economist Dan Ariely explains how our irrational behavior interferes with
Continue Reading
It’s been one year since MoneyGuidePro®, the top-rated financial-planning software, became available to SMI premium members (by arrangement with SMI Advisory Services — an affiliated, but separate, company from the SMI
Continue Reading
Now that the new tax law is in effect, we've updated several aspects of our free Bonus Report titled "IRAs, 401(k)s, and Social Security: A Retirement Planning Primer." The updated report is available in the "Resources"
Continue Reading
For many of us, a workplace retirement plan offers a tremendous opportunity to build wealth. But workplace plans can be confusing. Although most plans fall into one of two broad categories, within those categories there
Continue Reading
Investors have enjoyed a powerful bull market over the past 8½ years. But they also carry the emotional scars of the steep declines of 2000 and 2008. With stock valuations currently stretched to
Continue Reading
We often use this space to document the many cognitive biases that pull people off track with their investments. However, there’s one such bias — or perhaps it’s just blissful ignorance — that seems to be working in some
Continue Reading
