Will Social Security be different when you retire? Its reserves are projected to be depleted by 2034, and if that happens, the program could pay retirees only about 80 percent of projected retirement benefits
About Briant Sikorski
Briant entered the financial services industry after a twenty-year career in the venture capital, information technology, telecommunications and automotive manufacturing industries. Briant holds a Bachelor of Science degree from the University of Michigan and a Master of Business Administration degree from Oakland University.
Entries by Briant Sikorski
Do you have a 401(k) plan at a former employer? Here are some options for getting the most out of multiple retirement accounts.
You may have had multiple jobs over your career, and left behind retirement account balances of critical building blocks for your retirement. Here is a short guide to your options of what to do with a retirement account left with a former employer.
Paying down debt may seem like an impossible task but it doesn’t need to be. By following a basic three-step plan – tracking your monthly income and expenses, establishing good saving habits and then using what you have learned from the first two steps to begin reducing what you owe – you can rid yourself of the debt trap over time.
Good money habits can help you as you save and invest for the future. Bad habits can leave you treading water (or underwater) financially. Here are some to avoid.
You know it’s important to maintain your physical health. But did you know it’s just as important to pay attention to your financial health? When your finances are under control, you are likely to reduce stress and are better able to save for retirement and your other long-term goals.
As the earliest baby boomers begin to enter retirement, the various income guarantees and other living benefits offered through variable annuities (VAs) are gaining in importance.
Yet before you rush to add a VA to your retirement funding scheme, take some time to understand what VAs have to offer in a general sense and to sort through the host of optional features and their associated fees and investment risks.
Keeping an eye on your financial health during a divorce is essential. Even the most amicable divorce can have a significant impact on your finances. Knowing the laws that govern the division of assets during a divorce is an important first step in protecting your financial health throughout this difficult period. This article outlines some important topics to consider on how divorce may affect your finances.
There are several ways you might consider gifting money to your loved ones. In 2017, the IRS allows you to give up to $14,000 annually (or $28,000 if you give jointly with your spouse) in cash, investments and/or property to each of as many people as you’d like without triggering gift taxes (This limit may be adjusted for inflation in future years).
Changing jobs is an important decision – one that many of us are making more often. Once you’ve decided to switch jobs, your next move is to determine what to do with the money in your former employer’s retirement plan.
Assets in 529 plans have grown significantly in recent years due to their college planning potential. But there’s another side to 529 plans that may appeal to you – potential estate planning benefits.1