Target-date retirement funds have become increasingly popular within employer-sponsored retirement plans in recent years, offering investors a seemingly simple “set it and forget it” approach to retirement planning. However, the static nature and inflexible asset allocation of these funds can present significant downsides for many investors. This article explores the potential drawbacks of static target…
retirement
House Passes Landmark Bill to Boost Retirement Benefits for Millions of Public Servants
The potential elimination of the Social Security Windfall Elimination Provision (WEP) has gained significant momentum with the recent passage of the Social Security Fairness Act in the U.S. House of Representatives. This development has sparked hope for millions of public sector workers and retirees who have long been affected by the WEP. Let’s explore the…
The Pros and Cons of a Backdoor Roth IRA
A Backdoor Roth IRA is a financial strategy that allows high-income earners to contribute to a Roth IRA, bypassing the income limits that typically restrict direct contributions. This strategy involves contributing to a traditional IRA and then converting those funds into a Roth IRA. While it offers significant benefits, such as tax-free growth and withdrawals,…