Federal Employees and Thrift Savings Plans . . . You Have Options
You know, it seems in a span of a few years Jill and I will have gone from a house of energetic adolescents to being empty-nesters. I am not going to lie to you; I am going to miss all of them. Over the years, our advice to Maeve, Phoebe, and Sophie was to always […]
What to Do if Your Employer Freezes Your Pension
In the Cutter house, Christmas is a big deal. Even as teenagers, the girls get so excited to decorate the house with Christmas knick-knacks, and put up the tree. And, of course, it’s a month of anticipation about what they’ll find under the tree on Christmas morning. It even seems like the bickering and arguing […]
Inherited IRAs . . . What You Need to Know
An inheritance can be a wonderful thing. An unexpected blessing that can be a sizeable addition to your bank account. Unfortunately, an inheritance almost always comes with the loss of a loved one, so it’s often received with mixed feelings, including feeling confused or even guilty. In addition, the passing of property and assets doesn’t […]
Understanding IRA Withdrawal Rules
Sitting in the stands at Phoebe’s softball last weekend, I got to speak to the parents of one of her teammates- let’s call them June and David. June and David, Cutter Family Finance “faithfuls”, had a few questions about finance. Hmmm . . . right up my alley. Even Phoebe’s pitching takes a back seat […]
The SECURE Act and the Future of Your Retirement
Folks, I find that many Americans are facing a serious financial crisis in retirement. Last week, I was reading a recent report issued from the Federal Reserve. Did you know that only 36% of non-retired Americans think that they are on track with retirement savings, and 25% of Americans have nothing at all saved for retirement? No […]
Pay Down Debt, Save, or Invest?
As a father of 3 beautiful girls, Maeve, Phoebe, and Sophie, I understand that my job doesn’t end when they turn eighteen. It was easy to see how much they needed me when they were young. But, as they grow up and become more self-sufficient, my job as a parent takes on new meaning. Sure, […]
Taking a Hard Look at 401(k) Loans and IRA Withdrawals
Last Thursday, I dodged out of the office for a bit to grab a bite to eat at the Pickle Jar on Main Street in Falmouth. I like the place; I really do. The food is fantastic, and the owners and staff are always friendly. Anyway, as I was sitting at the lunch counter waiting […]
Roll Over Your 401(k) to an IRA and Take Control
Tim and Joyce came to see me a few weeks back. They live in Pembroke, are both in their early 40’s, and have three boys ages, 14, 11, and 8. Their parents, let’s call them Steve and Joannie, are current clients of mine and they thought it was time Tim and Joyce sought some professional […]
