Posts by JL Perkins Wealth Management

February 2018: Evolution of the 401k

  Evolution of the 401(k) When employer-sponsored 401(k) plans were introduced in the 1980s, an unexpected consequence occurred: Pensions stopped being the norm. One reason is that companies found 401(k) plans less expensive than traditional defined benefit plans.1 At the time, 401(k) plans were touted as an opportunity for greater earnings and a richer retirement…

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January 2018

Get in the Know: Social Security and IRS Updates for 2018 The new year will bring several changes that could affect your Social Security benefits and retirement savings. Last October, the Social Security Administration announced cost-of-living adjustments for 2018 benefits. Starting in January, monthly Social Security and Supplemental Security Income (SSI) benefits will increase by…

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November 2017

When One Spouse Retires First It’s easy to think of retirement and dream of a relaxed stroll into the sunset with your significant other by your side. After all, many advertisements repeat this theme with salt-and-pepper-haired couples strolling hand in hand across a beachfront. Yet, this is not always the case. Anymore, we often see…

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October 2017: Distribution Strategies

Distribution Strategies It can take years to build up a retirement nest egg. However, without a prudent distribution strategy in place, funds can drain pretty quickly. About half of larger employers that sponsor a 401(k) plan offer a systematic withdrawal option to help retirees establish an automatic stream of income. If that’s not an option…

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September 2017

Retirement: The New Status Symbol A lack of savings among many U.S. households could mean a change in the perception of retirement. It used to be a foregone conclusion that once you were too old to work, you retired. That’s not always the case anymore. More than a third of U.S. households in prime earning…

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August 2017

Planning Tips Tips to Help Avoid Retirement Stress While it is not inevitable that you’ll experience stress during retirement, here are three tips to help ward off retirement stress before it happens: Have a game plan. Many people head off into retirement with little thought of how they’ll fill their days. It’s important to take…

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July 2017

Considerations for Retiring Couples Retirement is another chapter in your life; one that requires not only planning but day-to-day maintenance once you get there. And if you have a partner in life, it’s important to remember that your retirement, like a tandem bike, is built for two. Planning for your own retirement is complicated enough,…

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June 2017

What Happens to Bonds When Interest Rates Rise? After many years of holding the federal funds rate near zero, the Federal Open Market Committee raised its benchmark interest rate by a quarter point, to a range of 0.5 to 0.75 percent, in late 2016. This was in response to improved economic growth and low unemployment…

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May 2017

How Grandparents May Benefit From College Funding With the increase of student loan debt over the past 10 years, more grandparents are taking on the role of college funding. In fact, a Fidelity survey in 2014 found that 72 percent of grandparents feel it’s important to help out in this regard.1 Many retirees walk a…

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March 2017: Tax Strategies & Retirement Income

Tax Strategies for Retirement Portfolios  Tax-deferred financial vehicles are an effective way to accumulate assets while you’re working. However, once retired, individuals should carefully consider how (and when) to position assets to help optimize growth and income while reducing their tax liability. The following are some points to remember about distributions. Taxable Investment Portfolio Short-term…

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