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Retirement in Sight – March 2020

MONTHLY NEWS AND INFORMATION FOR CURRENT AND FUTURE RETIREES PRESENTED BY UPAL – MARCH 2020 QUOTE OF THE MONTH “In a time of drastic change, it is the learners who inherit the future.” ERIC HOFFER GOOD CAREER CHOICES MAY LEAD TO AN IMPROVED RETIREMENT What is your most powerful tool for building retirement savings? Perhaps, your income. For that matter, the path of your career could influence when and how well your retirement begins. Is there merit in changing jobs (or even careers) with an eye toward what the move might do for your retirement? One job may offer you

March 11, 2020

Should You Care What the Financial Markets Do Each Day?

Focusing on Your Strategy During Turbulent Times. February 25, 2020 Investors are people, and people are often impatient. No one likes to wait in line or wait longer than they have to for something, especially today when so much is just a click or two away. This impatience also manifests itself in the financial markets. When stocks slip, for example, some investors grow uneasy. Their impulse is to sell, get out, and get back in later. If they give in to that impulse, they may effectively pay a price. Across the 30 years ended December 31, 2018, the Standard &

February 25, 2020

That First Distribution from Your IRA

What you need to know. February 25, 2020 When you are in your seventies, Internal Revenue Service rules say that you must start making withdrawals from your traditional IRA(s). In I.R.S. terminology, these withdrawals are called Required Minimum Distributions (RMDs).1 Generally, these distributions from traditional IRAs must begin once you reach age 72. The money distributed to you is taxed as ordinary income. (When such distributions are taken before age 59½, they may be subject to a 10% federal income tax penalty.)1 If you fail to make these withdrawals or take out less than the required amount, the I.R.S. will

February 25, 2020

Retirement in Sight – February 2020

MONTHLY NEWS AND INFORMATION FOR CURRENT AND FUTURE RETIREES PRESENTED BY UPAL – FEBRUARY 2020 QUOTE OF THE MONTH “Rest is the sweet sauce of labor.” PLUTARCH WHAT MATTERS MORE IN RETIREMENT: INCOME, OR SAVINGS? Retirement saving is not just about accumulating assets. It is also about laying the groundwork for retirement spending. Any retirement strategy has a core goal: the goal of helping an individual or couple pursue their retirement dreams once their careers have concluded. So, from that perspective, the amount that needs to be saved directly relates to the amount a retiree household may need to spend.

February 13, 2020

Retirement in Sight – January 2020

Monthly News and Information for Current and Future Retirees Presented by UPAL – January 2020 QUOTE OF THE MONTH “Generosity is giving more than you can, and pride is taking less than you need.” KHALIL GIBRAN HOW THE SECURE ACT IMPACTS RETIREMENT ACCOUNTS A new federal law, the Setting Up Every Community for Retirement Enhancement (SECURE) Act, directly affects retirees and retirement savers. It changes the rules regarding “stretching” an Individual Retirement Account (IRA) as well as longstanding retirement account rules keyed to age 70½. Under the SECURE ACT, in most circumstances, once you reach age 72, you must begin

January 16, 2020

Annual Financial To-Do List

Things you can do for your future as the year unfolds. December 16, 2019 What financial, business, or life priorities do you need to address for the coming year? Now is a good time to think about the investing, saving, or budgeting methods you could employ toward specific objectives, from building your retirement fund to managing your taxes. You have plenty of choices. Here are a few ideas to consider: Can you contribute more to your retirement plans this year? In 2020, the contribution limit for a Roth or traditional individual retirement account (IRA) remains at $6,000 ($7,000 for those

January 3, 2020

Holiday Wrap-Up

A look back at 2019, thus far… Presented by UPAL The year in brief. 2019 brought three quarters of disagreement over trade issues between the U.S. and China… followed by fourth-quarter hints that a partial trade deal could be reached. Concerns grew over economic deceleration in America, and the Federal Reserve made three quarter-point interest rate cuts in a nod to that perception. Wall Street was fixated on trade and monetary policy for most of the year, and ultimately, investors saw more upside in equities than downside. Domestic economic health. Trade negotiations between the U.S. and China ran hot and

November 25, 2019

401(k) Loan Repayment

A longer repayment time can be an advantage. August 19, 2019 The conventional wisdom about taking a loan from your 401(k) plan is often boiled down to: not unless absolutely necessary. That said, it isn’t always avoidable for everyone or in every situation. In a true emergency, if you had no alternative, the rules do allow for a loan, but they also require a fast repayment if your employment were to end. Recent changes have changed that deadline, offering some flexibility to those taking the loan. (Distributions from 401(k) plans and most other employer-sponsored retirement plans are taxed as ordinary

August 19, 2019

Join Us For BOK Financial’s Economic & Market Outlook Call

Stay on point with current global economic conditions. Join Jim Huntzinger, BOK Financial Corporation’s Chief Investment Officer, as he and his experienced guests dive deep into specific market challenges and trends, while providing comprehensive analyses that can help inform your own financial strategies. SPEAKERS: Jim Huntzinger, Executive Vice President, Chief Investment Officer Brian Henderson, CFA® President, Cavanall Hill Investment Management Brian Bourgeois, Executive Vice President, President of TransFund Wednesday, July 10, 2019 3:30- 4:30 p.m. CT Conference Call Number: 1.888.317.6003 Participant Elite Entry Number: 3324554 FEATURED TOPIC: Debit Cards…The Past, Present and Future of this Popular Plastic. According to the

June 27, 2019

Retirement In Sight – May 2019

Monthly News and Information for Current and Future Retirees Presented by UPAL – May 2019 QUOTE OF THE MONTH “To know oneself is to study oneself in action with another person.” BRUCE LEE RETIRING WITH A CASH RESERVE Many people want to enter retirement with a) investments that may have benefited from years of growth and compounding, b) a manageable debt position, and c) a cash reserve for emergencies. Just how large should that cash reserve be? There is no simple answer to that question because the answer is different for each retiree. As pre-retirees save and invest, in pursuit

May 13, 2019

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Retirement in Sight – March 2020

Should You Care What the Financial Markets Do Each Day?

That First Distribution from Your IRA

Retirement in Sight – February 2020

Retirement in Sight – January 2020

Annual Financial To-Do List

Holiday Wrap-Up

401(k) Loan Repayment

Join Us For BOK Financial’s Economic & Market Outlook Call

Retirement In Sight – May 2019

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