Financial Living Blog

Inherited IRA Rules for a Non-Spouse

Jan 20, 2021 8:50:50 AM

Congratulations Gen Xers and millennials. The “Great Wealth Transfer” is on. Baby boomers are expected to pass on upwards of $30-$40 trillion in assets over the next 25 years, according to Cerulli Associates.

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Big AT&T Retirement Benefit Changes for Management Employees

Jan 13, 2021 9:06:06 AM

Major changes are coming to AT&T’s retirement benefits for management employees.

In mid-December, AT&T sent an email to many management employees announcing an adjustment to the way future pension credits are calculated, along with the elimination of retirement health insurance and a reduction in retiree life insurance.

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Set These Smart Financial Goals for 2021

Jan 6, 2021 9:30:56 AM

We made it – a new year and a fresh start! Sure, the pandemic is still with us. But with the distribution of vaccines, a rising stock market and an economy that is slowly rebounding, it’s safe to work toward improving your financial life.

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Decoding Cryptocurrency for Retirement Investors

Dec 30, 2020 12:28:24 PM

The investment world is much bigger than your portfolio. It encompasses a wide variety of investments, and it evolves as new investments and marketplaces are created. Perhaps, the newest addition making the biggest splash is cryptocurrency.

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Top Financial Living Blogs of 2020 for the New Year

Dec 23, 2020 10:56:24 AM

As 2020 comes to a close, we would like express our gratitude to everyone who has enjoyed reading Advance Capital’s Financial Living blog this year.

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AT&T Pension 2021 Composite Corporate Bond Rate

Dec 16, 2020 11:11:48 AM

Good news: Lump-sum AT&T pension payouts INCREASE in 2021.

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Yes, You Can Still Become a 401(k) Millionaire

Dec 9, 2020 12:39:03 PM

There is no secret strategy to become a millionaire. You don’t need to make brilliant investment trades. You don’t need to earn a six-figure income. Even if you start saving late, it’s still possible to join the growing ranks of 401(k) millionaires.

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Benefits of a TSP Rollover for Federal Retirees

Dec 2, 2020 2:28:20 PM

After a long career, a federal worker may have a substantial amount of money saved in their Thrift Savings Plan (TSP) account. What you do with this money is an important decision because it will be a primary source of income for your retirement expenses.

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Can You Lower Your RMD Taxes?

Nov 25, 2020 7:17:44 AM

Retirement comes with a great financial twist. During your working years, the federal government incentivizes you to save in retirement accounts with tax deferrals. But eventually you are forced by the government to spend down those same accounts in the form of required minimum distributions (RMDs).

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The Lump Sum vs. Annuity Pension Debate

Nov 19, 2020 4:41:22 PM

A pension is a valuable workplace benefit that puts most of the responsibility on your employer. In exchange for your service, your company provides a significant amount of money for your retirement. You don’t have to choose or manage a set of investments. However, you do have to eventually make a big decision: Should you take a lump sum or annuity pension payout?

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