For retirees who are in the enviable position of not needing distributions from their IRAs or 401ks, the fact that they must start taking them is generally unwelcome. Instead of the money continuing to grow on a tax-deferred basis, some of it will be subject to taxation upon distribution. A recent New York Times article discusses the […]
Many Americans have no retirement savings A new Bankrate.com survey has determined that 36% of Americans have saved exactly nothing for retirement. Nada. Zero. Although the coverage I’ve seen so far suggests that the issue is most serious in the case of Millenials, I disagree. If you’re in your twenties, you have time to recover, […]
As the CFP Board so eloquently states, “Your finances can’t manage themselves, but that doesn’t mean they won’t try”.
There is some good news in the land of Retirement Planning for 2013. Of course, it remains hard to predict what our taxes will look like next year, but everybody will have the ability to set aside more than we did last year on a tax-advantaged basis. 401k contributions For 2013, the maximum 401k contribution […]
My fellow financial blogger and Garrett Planning Network member Jim Blankenship has challenged members of the financial planning community to do our part to encourage an increase in the overall savings rate in America. The numbers are pretty dismal of late. According to the Bureau of Economic Analysis, our savings rate was actually negative in […]
There is some good news and some bad news in the Social Security Administration’s recent announcement regarding the Cost of Living Adjustment for 2013. The (moderately) good news is that Social Security recipients will receive a 1.7% increase in their checks in 2013. More relevant for parents of twins and triplets is the bad news: […]
A general investing maxim that has been passed down over the years is that Dollar Cost Averaging (DCA) is a good way to invest, particularly for beginning investors. The basic approach is that you invest a consistent amount at regular intervals, which ensures that you buy more shares when prices are low (and fewer shares […]
Can you feel it comin’? As I write this post, I’m listening to the new Velvet Years EP from Blue Eyed Jesus. While the title song deals with a sort of revolution of a very different nature, the “revolution” concept seems appropriate when considering the impact ETFs have and will likely continue to have on […]
Okay, revolution may be a bit strong. In reality, Roth IRAs have been around for awhile, and even a few hundred bloggers collaborating doesn’t make a revolution. So maybe movement is a better word. That is what Jeff Rose is proposing on his Good Financial Cents blog. Jeff recently spoke to a class of seniors […]
In the paper “The impact of staying invested during market turmoil“, Russell Investments presents some data demonstrating the consequences of several different courses of action during the 2008 financial downturn, through the end of 2010. The data shows what would have happened if a hypothetical investor had a $100,000 portfolio, and had invested 60% of […]
Subscribe to Multiples & Money! (your information will be kept completely private)
Kevin O'Reilly, CFP® is the principal of Foothills Financial Planning, Inc., a licensed Investment Advisory firm based in the Ahwatukee Foothills neighborhood of Phoenix, Arizona, with an office in North Phoenix/Scottsale. Kevin is also the proud father of triplets!
A Roth IRA Revolution
From TwentySomething to Millionaire
The Easier It Is, the More We Spend
Stuff My Triplets Say – Credit Cards
Staying The Course
So it’s time to take your first RMD
What is a REIT?
More than 1/3 of Americans have saved nothing for retirement
What Is a Stock’s Market Cap?
Kevin O\'Reilly, CFP®: Agreed. There are some good, free tools out there...
J Andejeski: Websites like Mint.com will track your purchases f...
Kevin O'Reilly, CFP®, CRPC®
Fee-only Financial Planner & Investment Advisor
4425 E. Agave Road, Suite 106
Phoenix, AZ 85044-0619
Telephone: 480-445-9072
Email: [email protected]
