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An Increase In Take-Home Pay Is Coming – How Will You Use It?

Within the next two months, the average American worker will likely see an estimated increase in their take home pay of $70 a paycheck, or $2,000 a year, due to the 2017 Tax Reform Act.
It’s anticipated that most Americans will immediately absorb the extra money as part of their normal budget spending; $70 per pay period could easily justify a nice dinner out or a new phone or cable upgrade for many individuals.

Think about how you can use this […]

Thrift Savings Plan Board Approves Five-Year Lifecycle Fund Increments

Lifecycle funds that have been targeted within the 10 years before the participant’s retirement date have now been approved to within five-year increments. The panel that oversees the retirement savings plan for federal employees on Wednesday approved this unanimously.
Investors can move to a more conservative portfolio as they near their anticipated retirement date — on a five-year basis as recommended by consultants at Aon Hewitt following a trend in private 401(k) providers to offer lifecycle funds.
“Most have been moving […]