by oakcrestuser | Jan 4, 2022 | Personal Finance, Retirement Planning
5.9% is the biggest COLA increase in decades. Provided by OakCrest Capital On October 13, 2021, the Social Security Administration (SSA) officially announced that Social Security recipients will receive a 5.9 percent cost-of-living adjustment (COLA) for 2022, the...
by oakcrestuser | Dec 16, 2021 | Personal Finance, Retirement Planning
KEY POINTS There are options for handling a 401(k) account when you leave your company, although sometimes the choice is made for you. If you have an outstanding loan, it might morph into a taxable distribution that’s subject to a penalty. More than half of workers...
by oakcrestuser | Dec 14, 2021 | Economic Concepts, Personal Finance, Retirement Planning
What’s the Difference? Lump-Sum vs. Regular Pension Payments: An Overview So you are on the verge of retirement, and you are faced with a difficult choice regarding your pension plan: Should you accept the traditional, lifetime monthly payments or take...
by oakcrestuser | Dec 10, 2021 | Retirement Planning
Twenty/20 Savers can stash away an extra $1,000 in their 401(k)s in 2022, the IRS announced Thursday in a release about cost-of-living adjustments for retirement plans. The contribution limit for workplace retirement accounts, including 401(k)s, 403(b)s, most 457...
by oakcrestuser | Dec 7, 2021 | Retirement Planning
Certain financial & lifestyle choices may lead you toward a better future. Provided by OakCrest Capital Some retirees succeed at realizing the life they want; others don’t. Fate aside, it isn’t merely a matter of investment decisions that makes the difference....
by oakcrestuser | Nov 30, 2021 | Personal Finance, Retirement Planning
Here are some things you might consider before saying goodbye to 2021. Provided by OakCrest Capitla What has changed for you in 2021? For some, this year has been as complicated as learning a new dance. Did you start a new job or leave a job behind? That’s one step....
