Financial PlanningLife Insurance
September 23, 2021

5 Reasons to Consider Life Insurance

September is “Life Insurance Awareness Month.” Is your family using life insurance in the right ways as part of your comprehensive financial plan? Here are five reasons you should consider…
August 24, 2021

Retirement Saving at Each Age

While it’s true that each person is unique and every financial plan should be customized according to their situation, it is generally accepted that people should start saving for retirement…
June 24, 2021

Are You Ready for the Second Act of the S.E.C.U.R.E. Act?

Some potential benefits of the Securing a Strong Retirement Act.     Recently, you may have seen headlines regarding the Securing a Strong Retirement Act, also referred to as the…
Financial Planning
May 26, 2021

5 Ways to Give Your Finances a $pring Cleaning

Spring is here! Time to get your finances in shipshape condition. Here are five ideas to get you started.   Check your credit reports. While you’re reviewing your expenses and…
RetirementTax Planning
April 27, 2021

RMDs Are Back for 2021

RMDs, or Required Minimum Distributions, are withdrawals that are required by the IRS each year out of your traditional retirement accounts like 401(k)s and IRAs starting at age 72. The…
March 31, 2021

Did You Know You Can Fund a Roth IRA Account for Your Non-working Spouse?

As long as one of you has taxable compensation, you may be able to fund a Roth IRA for yourself and/or for your spouse. Most people know that in order…
Retirement Risks
March 24, 2021

Interest rates, bond prices and inflation are related. Here’s how.

The Federal Reserve “Part of the mission given to the Federal Reserve by Congress is to keep prices stable–that is, to keep prices from rising or falling too quickly. The…
Financial Planning
February 25, 2021

7 Tips to Resolve Financial Issues Between Couples

No matter how long you have been together, financial issues can wreak havoc on a committed relationship. According to Investopedia, some of the top money issues between partners include money/personality…
January 25, 2021

5 Highlights of the New Stimulus Package

What the latest round of funding may mean for you. The $900 billion Consolidated Appropriations Act of 2021 (2021 CAA) was signed into law by President Trump on December 28th…
Financial Planning
December 22, 2020

Your Annual Financial To-Do List

Things you can do for your future as the year unfolds. What financial, business, or life priorities do you need to address for the coming year? Now is an excellent…
Financial PlanningLegislationTax Planning
November 19, 2020

2021 Limits for IRAs, 401(k)s and More

Numbers to know for the new year. On October 26, the Treasury Department released the 2021 adjusted figures for retirement account savings. Although these adjustments won’t bring any major changes,…
Financial Planning
October 22, 2020

10 Reasons You Need a Financial Plan

October is Financial Planning Month which serves as a useful, annual checkpoint to make sure you are on track to meet your financial goals. A written, up-to-date financial plan encompasses…
RetirementTax Planning
September 25, 2020

What is a Roth Conversion?

To understand what a Roth conversion is, you must first understand some of the basics about the different types of retirement accounts, called “qualified accounts.” Pensions Also called defined-benefit plans,…
August 18, 2020

How Rich Do You Have to Be in Order to Retire?

Even though perceptions have changed during the pandemic with more Americans now saying they need less money to feel rich1, when it comes to retirement, most people are still unclear…
Financial Planning
July 22, 2020

7 Money Moves to Consider This July

The coronavirus has given us all a lot of stress, as well as a lot of free time to think. If you’re postponing your summer vacation plans, now may be…
June 22, 2020

How COVID-19 Has Impacted Retirement Confidence

The Transamerica Center for Retirement Studies recently conducted an online survey of more than 6,000 people in the U.S. and found that many are feeling financially vulnerable. Americans are feeling…
Financial Planning
May 19, 2020

How a Furlough (or Layoff) Affects Your Finances…and Retirement

  Here are six things you need to know if you or a family member has been furloughed—or laid off—from their job   A furlough is an unpaid leave of…
RetirementTax Planning
February 25, 2020

Clearing Up Confusion About RMDs

Last month, we posted information about how the SECURE Act has increased the age for required minimum distributions (RMDs) from 70-1/2 to 72 starting this year, 2020. If you turned…
RetirementTax Planning
January 22, 2020

5 Things You Need to Know About the SECURE Act

The Setting Every Community Up for Retirement Enhancement Act of 2019 (SECURE) became effective Jan. 1, 2020, and many people have questions about it. Here are the top five things consumers…
December 19, 2019

The Rules Are Changing For 401(k)s In 2020

The Rules Are Changing For Your 401(k) In 2020 If you’re still working and contributing to a 401(k) or similar workplace retirement plan, there is some good news for the…
October 24, 2019

The IRA Had a Birthday Last Month

The IRA can provide many gifts as part of a comprehensive retirement plan. The Individual Retirement Account (IRA) turned 45 on Labor Day. On September 2, 1974, the Employee Retirement…
July 17, 2019

Longevity Risk in Retirement

When you hear the words “longevity risk” you may wonder what we are talking about at Simon and Simon Financial. Longevity refers to “long life” or “length of life.” Simply…
April 17, 2019

10 Tips for Living a Retirement You Love

The best way to have a retirement you love is to plan for it! Here are some tips for success. Create and keep a schedule Although you may have dreamed…
Financial PlanningFinancial Tips
February 14, 2019

Financial Vows for Money-Savvy Couples

February is a good time to celebrate your relationship with your significant other—and renew your commitment to your mutual financial success. Here are some ideas to say “I do” to…