Senate Bill 451: Understanding the Differences Between Credit Unions and Banks
The Wisconsin State Senate is currently considering a bill to help modernize some language that no longer applies in today’s financial landscape, and therefore causes some administrative hassles for credit unions, specifically. To be clear, we are in support of the majority of the bill. However, there are four provisions that blur the lines between credit unions and banks that we believe should be removed.
Ideally, we would all enter our retirement years fully confident that our investment and retirement planning efforts would translate into comfortably maintaining our desired lifestyles until the day we die. However, retirement planning, like most important things, is not that simple.
If you’re like many people, your understanding of how an annuity works probably looks something like this: You give an insurance company a sum of money, and the insurance company returns the funds to you as a monthly payment for the rest of your life. While accurate, that understanding encompasses only what are referred to as immediate annuities – there are other types available that may be more beneficial in certain circumstances.
Baby Boomers are rapidly retiring, and Gen-Xers aren't far behind. It's easy to imagine their positive expectations, but it's important to recognize that, for many, retirement also presents a few downsides. Here are four non-financial “lost benefits” for your consideration as you plan and prepare for your eventual retirement.
If you're retired and interested in returning to work for personal reasons or to help ease the burden of a national shortage of workers, then you might be in a position of power to set up your situation so you can enjoy work more than ever before.
We’ve lived for 20+ years – at least – since inflation was a problem. (The reality may be closer to 40 years.) Here’s a quick review of what inflation is, how it affects normal people, and how to adjust your finances accordingly.
As a business owner, you have a company to run, and when it comes to retirement options, you just want something that is easy and inexpensive to set up and operate. This is where an SEP IRA or SIMPLE IRA can make a lot of sense.
While economic uncertainties are beyond our control, we can be proactive by focusing on things that aren’t. Here are five moves you can make to benefit your retirement over the longer term.
When to file for Social Security should not be a one-size-fits-all proposition. Many factors come in to play, and your decision should not be made in a vacuum and certainly not based on a headline.
A second act should be as good as – if not better than! – the first. By working with us to develop a detailed financial plan, you'll go a long way toward ensuring that yours is.
For the self-employed, there is a tax-advantageous retirement-saving vehicle that goes beyond the standard Roth and simple IRA: the solo 401(k).
Will you be ready to retire? How can you be sure? Honestly answering these questions will move you a step closer to knowing whether you're on track or not.
In this presentation, State Bank of Cross Plains trust officer Jeff Supple explains recent IRA rule changes and their tax and planning consequences.
This webinar, presented by WPS Health Insurance, outlines the Medicare options available to retirees, and is brought to you courtesy of the Prime Time Plus Club.
Here are five warning signs that suggest you may not be on the right track in planning for retirement.
Most people spend more time planning their next vacation than they do preparing for retirement. Here are some questions to test your preparedness.
Your 401(k) plan is likely a primary source of retirement income security. Are you doing everything you can to maximize this source of retirement income?
With regard to 401(k)s, many make the critical error of assuming that, once they've set their contribution percentage, there's nothing else to consider.
How would you feel about getting your money to work harder for you? The “trick” is getting the math of compound interest on your side.
Many investors spend time researching the “best” funds available, but fail to "mix" them in such a way that optimizes their portfolio.
Building wealth and financial freedom is simple. It doesn't require a large up-front investment, and is achievable with these 10 common sense principles.
Now, more than ever, it's important to get our future plans in order. Use this extra time and our checklist to "spring clean" your financial future!
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Wealthways is a casual, weekly conversation centered around female empowerment, moving upward, and all things wealth. Listen in as guests explore their own definitions of wealth – be they in terms of money, experience, wisdom, or any other multitude of things – and their personal journeys to achieving it.