All of us, in one way or another, were affected by hurricanes Irma and Maria. The damage varied in magnitude. In some cases, the impact was such that it meant taking money we had put away for our retirement and using it for unexpected expenses or repairs after the storms. Our
When you joined your employer’s retirement plan, you probably appointed a beneficiary and forgot about the issue right until this very moment. But how often should you review the appointment of your retirement account beneficiary? The team at Popular Fiduciary Services will
Make no mistake: Inflation is an enemy of your retirement savings. Over time, even relatively low inflation will erode the purchasing power of your savings. However, there are ways to combat inflation’s effects. Understanding Your Opponent Inflation increases the amount
Have you ever heard the Latin phrase “carpe diem”? Translated, it means “seize the day” or make the most out of life. This philosophy also applies to saving for retirement. Your employer’s retirement savings plan provides you with the opportunity to set aside money for
That may be a hard question to answer. After all, you can’t predict what will happen in the future. But you can make sure you’ve considered as many of the issues as possible before you make the decision to stop working. Start with Your Income Of course, the first thing
Making contributions to your retirement plan account while you’re young could have a significant impact on the amount of money you may be able to accumulate by the time you retire. Age you start making
Will you have enough money for retirement? According to a recent survey,* 57% of people reported that the total value of their retirement funds and investments was less than $25,000. This included 28% who had less than $1,000 accumulated for retirement. Life Gets in the
By: María del Pilar Cantoni, Planificadora Financiera, Assistant Vice President. Every business should have an up-to-date succession plan. To determine where your business stands in developing a Succession Plan, you need to ask yourself the following questions: What are
By Lymari Vélez Sepúlveda Some consider the individual retirement accounts (IRAs) as products that only allow deducting money from the income tax returns. This product is created as a long-term savings alternative, different from the traditional saving products available,
It is quite possible that you have purchased a lottery ticket at some time. If you win the prize, you already have a list in your mind of what you would do with the money: pay off debts, visit several countries and get to know their cultures, early retirement, paying for your
