Posts by Scott Campbell, RICP
Optimize Your Retirement Contributions in 2019
Do you know how to invest for tax savings? Different investment vehicles have different tax benefits. For instance, Health Savings Accounts (HSAs) have a triple tax advantage – they are tax free when you add money to the account, make withdrawals and grow without taxes on interest. This article will teach you about how to…
Read MoreKeep The Tax Credit for Charitable Gifts
Ever since the Tax Cuts and Jobs Act (TCJA), many taxpayers have shown concern about losing tax breaks for charitable contributions. However, with the right plan, taxable entities can still benefit from donations. New law increased the standard deduction to $12,000 for individual filers and $24,000 for married households filing jointly. This increase, plus the…
Read MoreRetirement Planning Challenges for Women
Despite the prominence of women in the workforce for the past several decades, there still exist income disparities and modern glass ceilings. According to Brookings Institute: “large gaps remain between men and women in employment rates, the jobs they hold, the wages they earn, and their overall economic security.”1 The U.S. Department of Labor recognizes…
Read MoreNew Client Guide- The Retirement Instructor
We Want Your Retirement to Be Seamless As president of The Retirement Instructor, I know for a fact that we are doing our best to streamline your retirement. That’s why we have so many complimentary financial softwares and services for your to choose from. This article will help you to understand the available tools at…
Read More401(K)s Can Augment Your Retirement Plan
Record Highs in 401(K) Contributions Retirement accounts in the U.S. reached record highs by the end of 2018’s third quarter. The average account balance was $106,500 for 401(k) plans, and the number of 401(k) millionaires in the U.S. increased to 187,400, up 41 percent from 2017. This trend may continue, because of an increase in 2019…
Read MoreReducing Investment Risk With ETFs
Exchange-Traded Funds Are a Safer Alternative to Stock Investing As an indexed security, exchange-traded funds (ETFs) are still susceptible to market fluctuations. However, they are a portfolio of investments, which provides greater diversification for the investor than owning an individual stock or bond. The funds are diversified by the ETF’s management and it takes the…
Read MoreJanuary 2019 Market Update
2018 Market Review1 Last year was a little bumpy for markets near the end of the year. This excerpt from How Every Asset Class, Currency, and Sector Performed in 2018 by Jeff Desjardins at Visual Capitalist sums up 2018 really well: “We’re only a few days into 2019, but it appears markets have picked up…
Read MoreCaring For Elderly Parents in Retirement
Care-Giving During Retirement Can You Afford to Take Care of Your Parents? According to the Center for Retirement Research at Boston College, it is now common for people in their 60s and 70s to be caring for a parent in their 90s or older. 10% of adults between the ages of 60 and 69 with…
Read More2019 Updates to Social Security
Cost of Living Adjustments for Social Security Good news! Social Security benefits are scheduled to increase by 2.8% in 2019, the biggest benefits increase since 2012. The average beneficiary – who received about $1,405 per month in 2018 – can expect to see about $468 more over the course of the year.1 Why is Social…
Read MoreHow We Protect Your Financial Security
Recent Increase in Cyber Attacks Over the past few months, the financial industry has experienced an increase in fraudulent attempts to gain access to client data, through false disbursement requests. In fact, cyber attacks are now considered one of the largest risks to financial markets in 2019. To keep pace with the times, we have…
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