Gene G. Smith, CPA Smith, CPA, Author at RFM Financial Solutions, LLC

Unemployment by Education Level

Posted by Gene G. Smith, CPA Smith, CPA | May 25, 2015 | Personal Finance

There is a clear connection between educational attainment and unemployment rate. As expected, the people with the highest rate of unemployment are the people without even a high school degree. The unemployment rate for this...

Retirement Investing Q&A

Posted by Gene G. Smith, CPA Smith, CPA | May 21, 2015 | Personal Finance

Q: Under current law, at what age can you begin receiving Social Security benefits? A: The earliest age at which you can begin receiving Social Security benefits is 62. However, you will receive a reduced benefit if you retire...

Risk, Not Volatility, Is the Real Enemy

Posted by Gene G. Smith, CPA Smith, CPA | Apr 5, 2015 | Personal Finance

What would you do if your investments lost 10% in a single day? A) Add more money to my account. B) Hold steady with what I’ve got. C) Yank my money; I wouldn’t be able to stand any more losses. If investors buy the...

The Cost of Taking a Cash Distribution

Posted by Gene G. Smith, CPA Smith, CPA | Mar 21, 2015 | Personal Finance

Deciding what to do with your 401(k) balance when you leave a job does not have to be difficult. It is something that almost everyone will have to do at some point. The best approach is to look at the various options, understand...

Roth IRA Versus Defined Contribution Plan

Posted by Gene G. Smith, CPA Smith, CPA | Mar 10, 2015 | Personal Finance

Contemplating whether to contribute to a Roth IRA or a defined contribution (DC) plan (such as a 401k)? Words of advice: Follow the money! If your company offers you a match for your DC plan contribution, you should keep...