If you have retirement savings, a family, or a worthy cause that you champion, you should know exactly where you stand when it comes to estate planning. Many people assume that it’s just for the very wealthy or something you can put off forever. But it’s vital to address your situation in the current moment, make a plan, and start preparing, especially if you have dependents. It’s also a good [...]
Trusting someone to manage your life savings is a giant leap of faith. Before you work with someone who won’t make your financial success a priority, you must find out everything you can about their experience, qualifications, fees, and more. It’s also vital to know your own goals. Are you looking for a specialized tax professional, wealth management, retirement planning expertise, or investment and stock market wizardry? Do you want [...]
Any size business can offer its employees a 401(k) retirement plan, even a sole proprietorship. However, not all plans are managed well, and no one wants to watch their hard-earned savings disappear. Many small companies have thus far avoided offering retirement plans as they’re typically costly and difficult to administer. But offering a 401(k) has huge advantages for both the owner and the staff, especially if you partner with a [...]
You’re never too young to start saving for retirement — and it’s never too late, either. But your investment strategies in your twenties should probably look quite different than when you’ve got a lot more experience under your belt and you’re getting closer to your target retirement age. A skillful and qualified financial planner can help you develop a suitable investment strategy for your age to maximize your assets and [...]
If you’re young and just beginning to plan for retirement, you might be interested in learning more about the unique advantages of a retirement target fund. They can serve those who are older as well, but for better results and a higher yield, it’s best to start early. Referred to as a target-date fund, a lifecycle fund, dynamic-risk, or age-based fund, this type of fund is, in essence, a portfolio [...]
Thinking about smart retirement planning puts some people in a panic. If you feel overwhelmed by all of the terminologies or are concerned about losing your nest egg on dodgy investments, you’re not alone. Just breathe. It’s actually easier than you think to create a plan for growing your assets in a safe and healthy way. A talented and experienced financial advisor can help you examine your golden years' goals [...]
Everyone dreams of ditching work forever, retiring early, and living life to the fullest. But is it possible to do so with only $500K in your retirement fund? The short answer is yes, BUT — it will take some very careful planning, a lot of craftiness, and some wise financial guidance from a skilled and experienced wealth advisor. If you think you’ve got what it takes to break free of [...]
If you’ve got tax-advantaged retirement accounts like an IRA, 401(k), or 403(b) plans, then you should be aware of Rule 72(t). One of the reasons these accounts offer so many tax benefits is that you don’t have access to your own money while the government is using it — and until you’ve pretty much reached retirement age (59 and a half, to be precise). While the IRS does allow you [...]
If I had to sum up the world of retirement investing over the last couple of years in one word, it would be uncertainty. As we face at least another year of unpredictability, many investors are unsure about planning for retirement in a volatile investment environment. A global pandemic, supply chain disruptions, inflation, and a war in Ukraine are just a few challenges facing retirement investors. However, creating sustainable investment [...]
It is not uncommon to be nervous at your first meeting with a financial advisor. After all, finances can be a sensitive subject for many of us to talk about. You may be feeling overwhelmed. You may be concerned that you aren’t on track to fund your child’s college education or retire comfortably. The first step – reaching out to schedule a meeting - is often the hardest one. A [...]