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 [...]
Why should consumers continue to turn to a professional in a world where online investing tools are ubiquitous? A wealth advisor offers a breadth of experience and direction that an individual simply does not possess through intuition or osmosis. In the same way that most consumers rely on an expert to help us sell a home or prepare a will, a financial advisor has the education, suite of tools, and [...]
The goal of every investor is to maximize return on investment, which means searching for investment vehicles that offer the most significant reward for the lowest cost and risk. However, that doesn’t mean that we leave our ethics and values at the door when making investment decisions. All things being equal, most of us would choose investments that reflect our values. ESG investments allow investors to consider non-financial factors in [...]
When you’re choosing how to invest, you have lots of options. From working with a traditional brokerage to a personal financial advisor, to even just using one of many publicly available research and investment tools, individual investors have never had this many choices when deciding where and how to invest their money. However, many investors don’t realize that different investment choices come with other obligations and incentives. In many cases, [...]