Forbes
By Kate Ashford
Published February 28, 2018
How do you get non-savers to save?
“I generally have clients start off with a percentage that won’t change their world,” Brancaccio says. “We start with 1% to 2% [retirement plan savings] and gradually, throughout the year or years, increase up to 5% to 8%.” Ideally, people should eventually be saving 10% to 15% of their salary each year—or more if they’re closer to retirement.
Content in this material is for general information only and not intended to provide specific advice or recommendations for any individual. This article contains hypothetical examples and the examples are not representative of any specific situation. Your results will vary. The hypothetical rates of return used do not reflect the deduction of fees and charges inherent to investing.
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MassMutual Blog
By Shelly Gigante
Published January 23, 2018
First and foremost is the risk inherent in market timing, said Bill Brancaccio, a financial advisor and founder of Rightirement Wealth Partners in White Plains, New York.
Investing a lump sum ($11,000 for singles or $22,000 for couples) into the market at any single point makes your investment more vulnerable to market swings, he said. “What if you dump the money into the account January 1st and the market has a correction that year?” Brancaccio asked. “If you had put $450 in per month, you could have potentially done better.”
For most retirement savers, he said, dollar-cost averaging is recommended. This is an investment strategy in which you invest a smaller, fixed amount into mutual funds or retirement accounts at consistent intervals — thus spreading your stock purchases out over time. That helps to ensure that you won’t get stuck buying all your shares when they’re trading at a peak price.
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GOBankingRates
Featured: Nasdaq.com
By Cameron Huddleston
Published: October 20, 2017
Here are 14 downsides of retiring that no one talks about, along with solutions to avoid each potential problem. If you haven’t properly prepared for leaving the working world and living without a paycheck, you’ll have to face the ugly truths about retirement.
If you don’t plan what you will do with your extra time in retirement, you could become depressed and may end up spending more than you planned in an attempt to fill your time, said Byrke Sestok, president of Rightirement Wealth Partners in White Plains, N.Y.
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The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. Third party individuals and entities mentioned in the article are not affiliated with IFP, Rightirement Wealth Partners or LPL Financial.
MarketWatch
By Alessandra Malito
Published: November 1, 2017
401(k) plans have the spotlight under the proposed tax plans, but not for the right reasons.
The “Rothification” of a 401(k) plan isn’t necessarily a bad thing, but instead of making it either or, policy makers should consider offering both traditional and Roth plans to employees, said Byrke Sestok, a financial adviser at Rightirement Wealth Partners in White Plains, N.Y. “If you are financially knowledgeable, you’ll appreciate having the choice between traditional and Roth 401(k) or 403(b) contributions, and you’re also more likely to make the retirement savings contribution you need,” he said.
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The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. Third party individuals and entities mentioned in the article are not affiliated with IFP, Rightirement Wealth Partners or LPL Financial.
GOBankingRates
Featured: CNBC.COM
By Cameron Huddleston
Published: October 11, 2017
To increase your chances of having $1 million in retirement, you need to invest your savings in assets that will grow.
“No one gets rich by saving in the bank,” said Byrke Sestok, a certified financial planner and president of Rightirement Wealth Partners in White Plains, N.Y. “If you have 30 years before retirement and 30 years during retirement, then you have the time to participate heavily or totally in the stock market, and ignore the big drops and focus on the fact that stocks have historically proved to be a better-performing asset class over bonds and cash.”
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The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. All performance referenced is historical and is no guarantee of future results. All indices are unmanaged and may not be invested into directly.
Investing in stocks and mutual funds involves risk, including possible loss of principal.
Bonds are subject to market and interest rate risk if sold prior to maturity. Bond values will decline as interest rates rise and bonds are subject to availability and change in price.
No investment strategy assures success or protects against loss.
The target date is the approximate date when investors plan to start withdrawing their money. The principal value of a target fund is not guaranteed at any time, including at the target date.
The Roth IRA offers tax deferral on any earnings in the account. Withdrawals from the account may be tax free, as long as they are considered qualified. Limitations and restrictions may apply. Withdrawals prior to age 59 ½ or prior to the account being opened for 5 years, whichever is later, may result in a 10% IRS penalty tax. Future tax laws can change at any time and may impact the benefits of Roth IRAs. Their tax treatment may change.
None of the third party individuals or entities are affiliated with Rightirement Wealth Partners or LPL Financial.
Nerdwallet
By Amrita Jayakumar
Published: October 16,2017
“Will that be cash, credit card or personal loan?”
The next time you shop online, you may be offered a new way to pay — a personal loan with fixed monthly payments. Instead of using cash or plastic at checkout, you would provide some personal information and get a loan in minutes.
Got your eye on a new living room set at Wayfair? Or maybe you’re booking your honeymoon on Expedia. Increasingly, shoppers at these sites and others are encountering payment options from third-party lending companies like Affirm, Bread, Klarna and Acima Credit.
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Marketwatch
By Alessandra Malito
Published: Aug 17, 2017
People in this age group don’t mind marrying someone with debt
With student debt so high, it’s likely at least one partner will be carrying extra baggage.
Millennials appear to be more willing than other generations to take a spouse for better or for worse, in sickness or in debt.
Older generations are more likely to refuse to marry someone with a lot of debt: 70% of people 65 and older said they would say no, compared with 45% of people 18- to 24-years-old, according to a study from legal-services site Avvo, which surveyed more than 2,300 U.S. adults. A person’s willingness to wed someone saddled with debt corresponded roughly with their age, with older people showing more reluctance.
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Go Banking Rates
By Cameron Huddleston
Published: July 26, 201
Living paycheck to paycheck is one of Americans’ money fears — but it’s not their biggest one.
When it comes to your finances, what worries you most? Is it having enough money in your checking account to pay the bills each month? Are you afraid you’ll never get out of debt? Or, maybe you’re scared the stock market will tank and you’ll lose all of your money.
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