It’s easy to get caught up in discouraging economic news, and lose sight of your long-term financial roadmap. That’s why Mari was glad to have a conversation with veteran financial journalist Gail MarksJarvis, writing for Barron’s, about how retirees can stay on track by taking positive steps to protect their portfolios in times of turbulent […]
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4 Financial Wellness Tips For Real Estate Professionals
We work with quite a few real estate professionals, and were honored to contribute commentary a few weeks ago to an article in REALTOR® magazine on financial wellness. Like many others, real estate professionals have been heavily impacted by the COVID-19 pandemic. The traditional home buying and selling market has been turned on its head […]
Navigating 5 Key Financial Challenges During COVID-19
Summary If you’ve been financially impacted by COVID-19, there is relief for you and your family. From unemployment benefit extensions to mortgage payment suspensions, here are 5 ways you can access help. 5 Key Financial Challenges During COVID-19 The COVID-19 pandemic may have peaked in some areas, but we’ve barely begun to deal with the […]
Breaking News: IRA Withdrawals Are OPTIONAL For 2020
We’re calling clients to get the word out. Required Minimum Distributions (RMDs), those IRA and retirement withdrawals you’re required to take once you turn age 72 (formerly 70½), are now optional for 2020. It’s the government’s way of letting your IRA and retirement accounts recover and catch their breath from the COVID-19 crisis. We discussed […]
It’s A Great Time To Fund A Roth IRA
If you haven’t seen it yet, take a moment to peruse Kimberly Lankford’s recent article for AARP on “Why You Should Have a Roth IRA During Turbulent Times.” Kim interviewed Mari Adam last week about how a Roth IRA is one of the most versatile and valuable savings accounts around. And despite the market turbulence, […]
What You Need To Know About The CARES Stimulus Act And Your Retirement Accounts
The $2 trillion Coronavirus Aid, Relief and Economic Security (CARES) Act, signed by the President last Friday, provides bold stimulus measures to ease the pain and disruption of the COVID-19 pandemic. We’ve summarized below the key provisions affecting your retirement accounts. We stand by ready to answer your questions or explore which measures you should […]
Social Security Switches To Online Services Only Due To Coronavirus
Got Social Security questions? Be prepared to spend some time online or on the phone. Social Security is cancelling in-person meetings and closing local offices until further notice to protect employees and customers from COVID-19. You can read more details in tax expert Kelly Phillips Erb’s column in Forbes. Online services are always the best option. […]
Market Turbulence? Here’s How To Make Lemonade Out Of The Market’s Lemons
Market turbulence can be hard to deal with, but we know that market pullbacks are a normal and unavoidable part of investing, especially over the shorter-term. Unfortunately, no one can predict or control the market, and trying to eliminate market volatility can cause you to miss out on the generous long-term growth that market investments […]
Digital 401(k) Statements Save Trees, But You Still Have To Read Them
Most employers nowadays are eco-friendly. Instead of mailing you a quarterly 401(k) statement, like they did in the old days, they email the statement to you or make it available to you digitally through a workplace portal. We’re all for saving trees. But, any statement, whether emailed or paper, doesn’t do you any good if […]
More Americans Topping $1 Million Dollar Retirement Account Balances
A record number of Americans have accumulated $1 million or more in their 401(k) or IRA savings accounts, according to Fidelity Investments, which oversees 30 million retirement accounts. The number of workers with $1 million or more in their 401(k) rose from 200,000 to 233,000, due to market gains and new account contributions. The number […]
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About Mari Adam, CFP®
Mari Adam, Certified Financial Planner™ and President of Adam Financial Associates Inc, has been helping individuals and families chart their financial futures for twenty five years. Mari has appeared in publications such as Business Week, CBS MarketWatch, Wall Street Journal, Kiplinger’s, Newsweek, and Money Magazine.
