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What do the new annual savings limits mean for you?

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What do the new annual savings limits mean for you?

By in Financial Tips, Investor Behavior
8 years ago
8 years ago 0 0 1629

Below are the IRS updates for 2017, which are similar to 2016 due to low inflation. Read on for special opportunities to save more… 401(k), 403(b), 457 Plan deferral Limit: 2016: $18,000, 2017: $18,000 “Catch-up” Contribution >age 50: 2016: $6,000, 2017: $6,000 Defined Contribution Plan Total Dollar Limit: 2016: $53,000, 2017: $54,000 Highly Compensated Employee definition: 2016: $120,000, 2017: $120,000 Click here for full IRS announcement of 2017 limits Some…

Uncertainty is an interesting beast

By in Investor Behavior, Quarterly Thoughts
8 years ago
8 years ago 0 0 1393

Life would be less interesting if we knew how everything would turn out in advance. However, the same factor of the unknown that makes investment markets nervous is what makes investing attractive in the long-run. Unpredictability can cause asset prices to drop, but is also indirectly what pushes prices higher when good news occurs and fear diminishes. Over the last year, surprises included continued slow global growth, the first interest…

Noise gets more attention than silence, however what is quiet can sometimes be dangerous to ignore

By in Investor Behavior, Quarterly Thoughts
8 years ago
8 years ago 0 0 1320

Stock market volatility attracts a lot of attention in the news, which causes some people to believe that such fluctuations are the only retirement preparation risk. In reality, there are other risks that are worse. Here’s the lowdown… When scared investors reduce volatility risk (i.e. reduce or get out of stocks), other risks increase… inflation and longevity risk. Inflation risk is about rising prices, if your savings value isn’t also…

When markets drop: take deep breaths, and don’t do anything

By in Investor Behavior
9 years ago
9 years ago 0 0 1224

Given the recent increase in market volatility, the article below may be a helpful read. As a WealthStep client or follower, you may have heard these timeless ideas before in our letters, webinars, and blog / Facebook / Twitter posts (follow us to get helpful thoughts and reminders!).

So You Think You’re a Risk-Taker?

By in Investor Behavior
10 years ago
10 years ago 0 0 1246