Retirement Planning

Andrea Donaldson, Vice President of Retirement Plans, Henry+Horne Wealth Management walks you through the latest updates to retirement plan regulations. Watch video

COVID has changed our everyday lives – employment, education, healthcare, transportation, entertainment/sports, family/friendship gatherings have all been affected. Likewise, investment portfolios and retirement accounts were not immune to COVID. Don’t miss: Planning for retirement The stock market, as a whole, hit fresh highs in mid-February. By March 23, 2020, the market recorded the swiftest and sharpest […]

One avenue is to take a loan from their retirement accounts. But should you? This question suggests a multitude of responses and is one of the most frequently asked questions by retirement participants. Let’s take a deep dive and review the pros and cons, but we’ll start with the basics. Your retirement plan provides a powerful savings […]

First, we need to understand who is eligible to receive financial relief under the CARES Act. A retirement plan participant diagnosed with either the SARS-CoV-2 or COVID-19 virus (as confirmed by a test approved by the Centers for Disease Control). Whose spouse or dependent has been diagnosed? Due to the pandemic, a participant who has suffered financial distress due […]

Can I make withdrawals from my retirement funds to pay for COVID-19 related expenses? Yes, if your plan allows, you can withdraw up to $100,000 without paying a penalty if you make your withdrawal between January 1 to December 31, 2020. Who is eligible to make COVID-19 related withdrawals? You, your spouse or dependent must […]

Don’t miss: Do you need life insurance?  These choices not only impact your finances today but potentially the rest of your life. The best time to learn good spending and financial habits is now – and we are happy to bring you a few pieces of advice given our years of experience and expertise in […]

Pitfall #1: I don’t want to talk about it The first hurdle to get over is talking with your partner about retirement. A lot of people don’t know where to start. Many get hung up on picking an age to retire. Instead, ask yourself what does retirement look like for me? Working less? Never stepping […]

This monthly income helps millions of U.S. Households meet their expenses, pay for health care and support their families. Many lose sleep over the state of this vital government program. It is widely discussed how challenged the Social Security system will be over time. In fact, the latest data suggests the following: There are 2.8 […]

When someone strides into the conference room and tells me that they’d like to work for the next year or so then retire, the increase in pressure in the room is palpable. In an ideal situation, we would prefer that people start to prepare for their retirement with 15 or 20 years, or more, to […]

No one likes to think about how to prepare for the possibility of needing help with daily life. When meeting with most clients, one of their least favorite things to talk about is when they might need help with long term care related issues such as bathing, eating and being able to perform their basic […]