Tim Maurer

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Last quote by Tim Maurer

One of the more selfish things you can do is to prioritize your children's education over your own retirement health. Your kids may have to bail you out down the road. I'm not seeing a trend towards better planning for this. Well-meaning parents are not sure how to frame the decision. There's a social competitiveness people need to be aware of. Don't just write the proverbial check for education costs. If they want to go out of state or to an Ivy League school, they have to determine the value of that, because they're on the hook for the excess.feedback
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May 04 2017
Tim Maurer has been quoted 18 times in 6 different articles. On this page, you will find all of Tim Maurer’s quotes organized by date and topic. Alongside each quote is a link back to the article where the quote was reported, so you can go back to the source for more context if you need it. Topics that Tim Maurer speaks about are IRS, Roth IRA, and plan, for example. Most recently, Tim Maurer was quoted in the article How to balance college for kids versus your retirement saying, “It could be your kids who end up footing the bill.”.
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Tim Maurer quotes

Jul 14 2016

An increasing number of 401(k) plans do default to options that may include automatic components designed to help investors help themselves, but you should never assume that your plan a) does have 'autopilot' options, or b) that any automatic default options are actually right for you. Your corporate retirement plan doesn't know your individual destination, so don't trust an autopilot feature that may well take you somewhere else.feedback

Jul 14 2016

There is no better investment than one that earns 'free money,' like in the case of a 401(k) company match. But beyond the matching contribution, there may be numerous reasons why a traditional or Roth IRA – or even a liquid, taxable investment account – is a preferable savings vehicle.feedback

Jul 14 2016

Exactly who bears the numerous costs of corporate retirement plans varies widely, but there are no free lunches – or 401(k) plans.feedback

Jul 14 2016

The number of investment options in 401(k) plans continues to fall, based on research that suggests savers are more likely to make these important investment decisions if the selections available to choose from aren't vast enough to be overwhelming. However, fewer options doesn't necessarily equate to better options, and some plans still have a very large selection pool that demands due deliberation.feedback

Jul 14 2016

You may be in a different tax bracket when you retire, but you also may not be, and the primary determinant of whether or not that happens rests in hands other than your own. Therefore, our efforts are better spent focusing on what we can control – like saving money and investing wisely – than in betting on what future tax rates will be.feedback

Jul 14 2016

There are just about as many 401(k) fee schedules as there are 401(k) plans; some are exorbitant, but others are surprisingly reasonable. Although new rules and disclosures will hopefully lead to more uniformity, each plan is separately negotiated between parties that may include custodians, carriers, mutual fund families, financial salespeople, record keepers, corporate fiduciaries and, not so 'unoccasionally,' golf buddies.feedback

Jul 14 2016

You – or your heirs – are going to be required to pay tax on 401(k) savings at some point, whether it's now (in the form of Roth 401(k) contributions) or later (in the form of tax-deductible traditional 401(k) contributions). You didn't think the IRS was going to be that generous, did you?feedback

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