Do you know how much your 401(k) costs? If your answer to that question is, “what cost?” then you’re not alone. More than four in 10 people say they don’t know how much their workplace retirement plan costs, according to a recent study from financial research firm Hearts & Wallets. Another 16% of people think… Read more »
Get real about what money is coming in and what money is going out. A lot of people know how much money they’re bringing home but aren’t as clear about what they’re spending. Joseph Edmondson, CFP, and a financial professional at Equitable Advisors, says he asks new clients about their net salaries first. “Then… Read more »
Tom, Scott, and Rich at the NYC HR Summit.
Don’t risk costly IRS penalties, talk to a financial professional before making move that could directly impact your finances after losing a spouse.
CMG’s Tom Mingone featured on Money.com Retirement income calculators can be a helpful starting point to gauge whether you’re on track to retire one day. But don’t stop there. “You can’t just run projections, draw conclusions, and wake up at 85 hoping you have a few bucks left,” Click here to read the full article…. Read more »
CMG’s Tom Mingone was recently featured in a Yahoo! Finance article, giving advice on how couples in their 40’s can save for retirement. As ground rules, resolve to continue your 401(k) contributions and not to raid your retirement savings to pay tuition bills. Then decide with your spouse how much you will contribute to… Read more »
Happy Holidays from the CMG Family!
A picture of the CMG team after a successful walk for Autism in Rockland.
From Financial-Planning.com July 22nd, 2016 By Thomas Mingone Since the U.S. Supreme Court constitutionalized same-sex marriages last year, there are now approximately 491,000 same-sex marriages in the U.S.; 123,000 marriages more than prior to the ruling. This landmark recognition ensured that all married gay clients are entitled to a plethora of financial planning strategies and workplace… Read more »
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