Retirement - North Light Financial Services

White House Proposes Changes to Retirement Plans

White House Proposes Changes to Retirement Plans A look at some of the ideas contained in the 2017 federal budget. Will workplace retirement plans be altered in the near future? The White House will propose some changes to these plans in the 2017 federal budget, with the goal of making such programs more accessible. Here are some of the envisioned changes. Pooled employer-sponsored retirement programs. This concept could save small businesses money. Current laws permit multi-employer retirement plans, but the [...]

By info@northlightfinancialservices.com|2017-03-28T08:17:17-04:00January 28th, 2016|Business/Economic News, IRA, IRA Rollover, Retirement|Comments Off

Making and Keeping Financial Resolutions

Making and Keeping Financial Resolutions What you might do (or do differently) in the months ahead? How will your money habits change in 2016? What decisions or behaviors might help your personal finances, your retirement prospects, or your net worth? Each year presents a “clean slate,” so as one year ebbs into another, it is natural to think about what you might do (or do differently) in the 12 months ahead. Financially speaking, what New Year’s resolutions might you want to [...]

By info@northlightfinancialservices.com|2017-03-28T08:17:17-04:00January 4th, 2016|Personal Finance, Retirement, Saving & Budgeting, Savings and Investing|Comments Off

National Save for Retirement Week

National Save for Retirement Week Are you on target to reach your retirement goals? October 18-24 is National Save for Retirement Week – a reminder of the importance of saving and investing with the goal of a comfortable future. Are Americans saving enough for tomorrow? All kinds of articles will tell you that Americans are not. Those articles may not be telling the entire story, however. Undeniably, the average IRA balance in this country is smaller than it should be. [...]

By info@northlightfinancialservices.com|2017-03-28T08:17:18-04:00October 16th, 2015|Retirement, Savings and Investing, Well-being|Comments Off

Saving Early & Letting Time Work for You

Saving Early & Letting Time Work for You The earlier you start pursuing financial goals, the better your outcome may be. As a young investor, you have a powerful ally on your side: time. When you start saving and investing for retirement in your twenties or thirties, you can put it to work for you. The effect of compounding is huge. Most people underestimate it, so it is worth illustrating. We will use reasonable annual return rates to do [...]

By info@northlightfinancialservices.com|2017-03-28T08:17:18-04:00October 2nd, 2015|Personal Finance, Retirement, Savings and Investing|Comments Off

Mid-Life Money Errors

Mid-Life Money Errors If you are between 40 & 60, beware of these financial blunders & assumptions. Between the ages of 40 and 60, many people increase their commitment to investing and retirement saving. At the same time, many fall prey to some common money blunders and harbor financial assumptions that may be inaccurate. These errors and suppositions are worth examining, as you do not want to succumb to them. See if you notice any of these behaviors or assumptions [...]

By info@northlightfinancialservices.com|2017-03-28T08:17:19-04:00July 10th, 2015|Personal Finance, Retirement, Social Security|Comments Off