Author Archives: Hammond Asset Management

Is an IRA Rollover Always the Right Choice?

Are you one of the millions of Americans who uses an employer 401(k) as your primary retirement savings vehicle? The 401(k) is a widely-used retirement savings vehicles. Most 401(k) plans offer tax-deferred growth and matching employer contributions. Those two elements can help you quickly accumulate retirement assets. If you leave your employer with vested balance […]

Do You Take a Comprehensive Approach to Your Financial Planning?

According to a 2013 study from the Certified Financial Planner Board of Standards, most Americans can be grouped into one of four categories when it comes to determining how they approach financial planning. One of the groups consists of “comprehensive planners,” which includes individuals who evaluate every aspect of their finances in their planning. The […]

Maximize Your Social Security Income With These 3 Tips

As you transition into retirement, you’ll face a number of big financial decisions. One of the biggest will be when and how to file for Social Security benefits. It’s an important decision, as Social Security may play a large role in your retirement income plans. Your decision about when to file is also important because […]

Retirement Planning Resolutions for 2018

Common resolutions include things like losing weight or quitting a bad habit like smoking. You may resolve to keep in better contact with family and friends or perhaps perform better at work. As you’re sorting through potential resolutions, don’t forget about retirement planning. Nearly two-thirds of Americans say they are concerned about not having enough […]

4 Steps to Kick-Start Your Retirement Income Planning

It doesn’t have to be this way. Just because you haven’t started saving yet doesn’t mean you can’t save enough to someday retire or at least scale back to part-time work. In fact, time may be your greatest asset. If you’re decades away from retirement age, you still have time to save and grow a […]

The Cost of an IRA After Your Death

One of the main reasons IRAs are so popular is their unique tax structure. Most IRA accounts offer potentially tax-deductible contributions and tax-deferred growth. That means you don’t pay taxes on your investment earnings while the funds are in the account. That tax deferral may help your funds grow at a faster rate. Are you […]

Retirement Relocation: How to Find Your Ideal Destination

While relocation may bring a buzz of excitement to your planning, it can also generate some big questions. The biggest may be how you choose the right place to become your new home. Some retirees know exactly where they want to move, but for many others it’s a bit of an open-ended question. Also, if […]