What to Do with Your 401(k) Plan When Changing Jobs

What to Do with Your 401(k) Plan When Changing Jobs

When you change jobs, you need to decide what to do with the money in your 401(k) plan. Should you leave it where it is or take it with you? Should you roll the money over into an IRA or into your new employer's retirement plan?

As you consider your options, keep in mind that one of the greatest advantages of a 401(k) plan is that it allows you to save for retirement on a tax-deferred (or in the case of Roth accounts, potentially tax-free) basis. When changing jobs, it's essential to consider the continued tax-deferral of these retirement funds, and, if possible, to avoid current taxes and penalties that can eat into the amount of money you've saved.

Evaluating and Choosing Financial Professionals

Evaluating and Choosing Financial Professionals

Selecting the right financial professional means evaluating the services they can offer and their credentials, and finding someone whom you can rely on to give you good advice and/or service when you don't have the time or expertise to completely handle your financial affairs.

3 Lessons to Teach Your College-Age Child About Money

3 Lessons to Teach Your College-Age Child About Money

When your child first started school, you doled out the change for milk and a snack on a daily basis. But now that your child has grown up it's time for you to ensure that your child has enough financial literacy to manage money at college. Learn the 3 lessons to teach your college age child about money here.

6 Steps to Begin Estimating Your Retirement Income Needs

6 Steps to Begin Estimating Your Retirement Income Needs

You know how important it is to plan for your retirement, but where do you begin? One of your first steps should be to estimate how much income you'll need to fund your retirement. That's not as easy as it sounds, because retirement planning is not an exact science. Your specific needs depend on your goals and many other factors. Learn the 6 steps to begin estimating your retirement income needs.

4 Tips for Investing to Reach Major Financial Goals

4 Tips for Investing to Reach Major Financial Goals

Go out into your yard and dig a big hole. Every month, throw $50 into it, but don't take any money out until you're ready to buy a house, send your child to college, or retire. It sounds a little crazy, doesn't it? But that's what investing without setting clear-cut goals is like. If you're lucky, you may end up with enough money to meet your needs, but you have no way to know for sure.

5 Common Factors Affecting Retirement Income

5 Common Factors Affecting Retirement Income

When it comes to planning for your retirement income, it's easy to overlook some of the common factors that can affect how much you'll have available to spend. If you don't consider how your retirement income can be impacted by these common factors you may not be able to enjoy the retirement you envision.

3 Ways To Balance a Retirement Portfolio with Asset Allocation

3 Ways To Balance a Retirement Portfolio with Asset Allocation

Balancing how much of each asset class you should include in your retirement portfolio is one of your most important tasks as an investor. That balance between growth, income, and safety/stability is called your asset allocation. It can help you manage the level and type of risks you face. Learn 3 Ways to balance your retirement portfolio with asset allocation.

Keeping Your Business in the Family

Keeping Your Business in the Family

You may want to keep your business in the family, as opposed to selling it to an outside party or another business. If this is your plan, you should be aware of some of the issues that can contribute to the success or the failure of the business as it is transferred to the successor generation.

Celebrating the Father of SWMG

Celebrating the Father of SWMG

In June we celebrate a holiday that has become tradition to most households, Father’s Day.  This gives us a wonderful opportunity to celebrate the fatherhood of our accomplished CEO, Josh Strittmatter.  Josh is a father in many ways; a father to 3 beautiful girls, a father to a well-respected wealth management firm, and a father to an entirely new Strittmatter legacy.

Fundamental Concepts for Investors

Fundamental Concepts for Investors

Investing involves setting goals for the future and weighing the risks and potential rewards associated with a wide variety of investment opportunities. If you are a new investor, this might seem like an overwhelming task.

But take heart. Becoming familiar with a few basic concepts could help you have more confidence in your investing decisions. So don't be intimidated by complicated-sounding jargon, and don't hesitate to ask questions — after all, this is your money.

Creating an Investment Portfolio

Creating an Investment Portfolio

You've identified your goals and done some basic research. You understand the difference between a stock and a bond. But how do you actually go about creating an investment portfolio? What specific investments are right for you? What resources are out there to help you with investment decisions? Do you need a financial professional to help you get started?

Teach Your Children Well: Basic Financial Education

Teach Your Children Well: Basic Financial Education

Even before your children can count, they already know something about money: it's what you have to give the ice cream man to get a cone, or put in the slot to ride the rocket ship at the grocery store. So, as soon as your children begin to handle money, start teaching them how to handle it wisely.

Financial Independence: Helping you See the Big Picture

Financial Independence: Helping you See the Big Picture

Do you picture yourself owning a new home, starting a business, or retiring comfortably? These are a few of the financial goals that may be important to you, and each comes with a price tag attached.

That's where financial planning comes in. Financial planning is a process that can help you target your goals by evaluating your whole financial picture, then outlining strategies that are tailored to your individual needs and available resources.

Getting Help from a Financial Professional

Getting Help from a Financial Professional

Are you suddenly on your own or forced to assume greater responsibility for your financial future? Unsure about whether you're on the right track with your savings and investments? Finding yourself with new responsibilities, such as the care of a child or an aging parent? Facing other life events, such as marriage, divorce, the sale of a family business, or a career change?

Members of the Military: Personal Financial Planning

Members of the Military: Personal Financial Planning

Financial planning is the process that can help you pursue your goals by evaluating your whole financial picture, then outlining strategies that are tailored to your individual needs and available resources. Just as the success of a military mission is dependent upon proper planning, your financial success may be dependent upon creating a sound financial plan as well.

Merging Your Money When You Marry

Merging Your Money When You Marry

Getting married is exciting, but it brings many challenges. One such challenge that you and your spouse will have to face is how to merge your finances. Planning carefully and communicating clearly are important, because the financial decisions that you make now can have a lasting impact …

Financial Tips for Unmarried Couples

Financial Tips for Unmarried Couples

If you are in a long-term, committed relationship, you have many of the same financial concerns as married couples. However, you lack many of the legal protections and advantages that married couples enjoy. Here are some tips that can help you and your partner stay on the road to

Sudden Wealth

Sudden Wealth

What would you do with an extra $10,000? Maybe you'd pay off some debt, get rid of some college loans, or take a much-needed vacation. What if you suddenly had an extra million or 10 million or more? Now that you've come into a windfall, you have some issues to deal with. You'll need to evaluate your new financial position and consider how your sudden wealth will

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