It goes without saying that eliminating worries about money is a key component of retirement peace of mind. But while financial security may be necessary for retirement happiness, it is not sufficient. I frequently encounter many new retirees who are having difficulty making the transition from spending forty hours (or more) a week at the…
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Most people I speak to are aware of the 10% penalty for withdrawing from an IRA prior to age 59½. And as with most government rules there are always exceptions that have been added on afterwards to support specific situations not considered when the original legislation was promoted. But there are also penalties for contributing…
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As you may have read in the media, the Federal Reserve (Fed) raised its benchmark interest rate to 1.00% in March. This was the second increase in just three months and the most the Fed has raised the rate in over eight years. What’s the significance of such rate hikes, particularly to investors? Let’s start…
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Suppose you have a hot water heater in your home that works only intermittently. You go to your local Home Depot only to find that they won’t have a replacement model available for six months. Would you wait until the replacement is available before removing the old unit, or would you immediately yank the defective…
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President Trump today ordered that the Department of Labor’s Fiduciary Rule – scheduled to begin implementation on April 10th – be delayed pending a review by his administration. What impact is this expected to have on consumers? Some background first. When it came to providing investment advice prior to 2016, Registered Investment Advisors (aka RIAs,…
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One of the most difficult decisions that people face when leaving an employer is whether or not to rollover their company pension to an IRA. It’s an especially difficult choice when you’ve worked at the same company for many years. If you choose to keep the money in your pension, the money will be distributed…
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Cognizant Wealth Advisors, LLC ("Cognizant"), dba Perigon Wealth Management, LLC (“Perigon”) is a registered investment advisor.
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