Who’s Minding the Store?
This white paper explains the differences between three types of financial professionals: stock brokers, financial planners, and investment counselors. Read more
Georgia: An Attractive State in Which to Retire
Some of you may not have heard about this, but a law was passed in 2010 by Georgia Governor Sonny Perdue that increases the amount of retirement income which is not subject to Georgia income tax. By 2016, the law allows for an unlimited exclusion of all retirement income for taxpayers who are age 65 or older. This Kiplinger article has more info on why Georgia is a tax-friendly state. Read more
Eight Reasons to Never Borrow From Your 401(k)
According to 2008 data, nearly 20% of 401(k) plan participants who are eligible to take loans against their retirement savings exercised this option. The average outstanding loan balance for these people was 16% of assets. All of the cited reasons to not borrow from a 401(k) are good, but the most important one from our perspective is the entire borrowed amount misses out on any potential growth and each future contribution that you are unable to make isn’t growing either. For the other seven reasons, click here.