AMJ Financial Blog

Category: Retirement

Optimizing Your Social Security Payout

In 2014, social security benefits made up 39% of the income of the elderly (on average), totaling nearly $863 billion. As more and more baby boomers approach retirement age, that total will increase dramatically, but unlike past generations, baby boomers are one of the first generations with the ability to seek out information online, equalizing information that only those… Read More

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The Importance of Maxing out Contributions to Employer Sponsored Plan Accounts

According to the Employee Benefit Research Institute, only about 4 in 10 workers contributed to an employment-based retirement plan in 2011. This means that the other 60 percent of workers could be missing out on one of the most valuable retirement tools available to them. There are some significant benefits associated with contributing to such a plan. And these… Read More

Generation X and Last-Minute Retirement Planning

Procrastination is rarely a good thing. When it comes to retirement planning, Generation X can’t afford to wait until the last minute. According to a recent Pew Charitable Trusts study and a PwC survey cited by, Generation X is struggling to save for retirement. Moreover, experts say Generation X was hit hardest by the housing crash, which means… Read More

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Misusing Target Date Funds Can Lower Returns

Target Date Funds are the default choice for many 401(k) savers. Proof that more Americans are gravitating toward the “set it and forget it” mentality can be found in a recent Reuters article revealing target date fund assets have soared to $624 billion. But when it comes to how Target Date Funds should be used, some workers… Read More

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Investing in a Roth as Part of College Education Planning

A Roth IRA can be a smart way to save for a child’s education or fund continuing education classes. However, the key is to maintain the right amount of risk depending on when the money will be used for college expenses. Education Planning doesn’t have to be complicated, especially with the guidance of a respected financial adviser. According to… Read More

Millennials and Their Money: 3 Tips for Overcoming Investing Fears

When it comes to Millennials and their money, most Americans ages 18 to 29 would rather sit on a boat load of cash. They have a sinking feeling that investing in the stock market is like boarding the Titanic. According to a recent study cited by a recent The Street article, younger people prefer cash. Of course,… Read More

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Should Charitable Giving Come Before Retirement?

It feels good to be generous. Jesus commended a poor widow who gave all she had to live on, but is it realistic in today’s world to give before meeting other financial obligations? According to an article by USA Today, a third of people in the U.S. have less than $1,000 set aside for retirement. Should charitable giving… Read More

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The Markets – September 29, 2014

AMJ Financial Wealth Management Weekly Market Commentary September 29, 2014 The Markets Last week offered some lessons in career management, economics, and investor impulse, among other things. Derek Jeter, the well-loved Yankees shortstop, finished the final home game of his career by smacking a game-winning hit. Throughout his last season, ticket prices for Yankees games… Read More

Categorized in: Market Commentary, Retirement |

Cautious Optimism 8/11/2014

The last few weeks have been a roller coaster ride for investor’s emotions.  Believe it or not, we just had a new all-time high on the S&P 500 on July 27th of 1991.39.  As of Friday, August 8th we are off that high by about 3%.  It has felt bad because of the swiftness of… Read More

Retired? Don’t stop saving yet!

When it comes to retirement savings, a lot of emphasis is put on saving money leading up to retirement. But what happens after you retire? It’s important to know that your money will last as long as you need it to, so don’t throw your financial plan out the window just yet. Here are 5… Read More