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403(b) Plans: The Basics

If you are like many Americans, you likely have an employer-sponsored retirement plan.  This is the second article in a three-part series about the basics of 401k, 403b, and Defined Benefit Plans. Retirement plans established under Section 403(b) of the Internal Revenue Code, commonly referred to as 403(b) plans or “tax-sheltered annuities,” have become a […]

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Should You Dip into Your HSA Now? Or Save it for Retirement?

A recent study from Fidelity estimates that an average 65-year-old couple retiring this year will need to have $295,000 in today’s dollars for future medical costs. So what is an effective way to save for medical expenses in retirement? Consider a Health Savings Account (HSA). 1) Contributions are pre-tax and avoid FICA tax if made […]

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5 Steps for a Fair Price at a Dealership

Buying a car can be exciting but also a time-consuming process. At Austin Asset, it is not uncommon for us to facilitate the car buying process for our clients. Our goal, to save our clients time and help them get a fair price. To do that, we follow a repeatable and straightforward 5 step process. […]

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401(k) Plans: The Basics

If you are like many Americans, you likely have an employer-sponsored retirement plan.  This is the first article in a three-part series about the basics of 401k, 403b, and Defined Benefit Plans. Retirement plans established under Section 401(k) of the Internal Revenue Code, commonly referred to as “401(k) plans,” have become one of the most […]

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Authentic Advice Video: IRA for Estate Planning

In our Authentic Advice series video, Clayton Boone will discuss the benefits of an IRA. Not in the context of retirement savings, but in the context of an effective Estate Planning tool.

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Taking Advantage of Employer-Sponsored Retirement Plans

As financial advisors, we are constantly being asked how best to save for retirement?  In most cases, the answer is simple, start with your employer-sponsored plan.  Why?  Employer-sponsored qualified retirement plans such as 401(k)s are some of the most powerful retirement savings tools available. If your employer offers such a plan and you’re not participating […]

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Understanding Social Security

Approximately 68 million people today receive some form of Social Security benefits, including retirement, disability, survivor, and family benefits. (Source: Fast Facts & Figures About Social Security, 2019)  Although most people receiving Social Security are retired, you and your family members may be eligible for benefits at any age, depending on your circumstances. How does […]

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Saving for Retirement and a Child’s Education at the Same Time

You want to retire comfortably when the time comes. You also want to help your child go to college. So how do you juggle the two? The truth is, saving for your retirement and your child’s education at the same time can be a challenge. But take heart — you may be able to reach […]

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Evaluating an Early Retirement Offer

In today’s corporate environment, cost cutting, restructuring, and downsizing are becoming the unfortunate norm, and some employers are able to offer their employees early retirement packages vs a potential reduction in force at a later date. But how do you know if the seemingly attractive offer you’ve received is a good one? By evaluating it […]

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Coping with Market Volatility: Understand How Your Biases Can Affect Investment Decisions

As individual investors, we are commonly drawn to what is going on in the market.  Often, the things that draw us in are engineered to make us react.  In doing so, we can often come up with reasons why we should buy or sell.  When asked to explain our reasoning it is often a ‘gut […]

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