CategoriesFinancial Planning, Financial QB TV Videos, Income Tax Planning, Retirement Income by

How Secure 2.0 Changes Your RMD

The Secure Act 2.0 was signed into law on December 29, 2022 bringing some major changes when it comes to retirement planning. Among the most notable is a change to Required Minimum Distributions (RMD). The new law builds on earlier legislation that allows retirees to delay required minimum distributions (RMDs) until a later age. This can be a significant benefit for retirees who don’t need the income from their retirement accounts and want to keep their savings invested for as long as possible. Read More

CategoriesFinancial QB TV Videos, Retirement, The Stock Market by

The Stock Market Can’t Save You

As you get closer to retirement, much of your success will be determined on how much you have saved. Unfortunately, if you didn’t do a great job of putting money away, the stock market can’t save you.

The stock market can be a great way to grow your wealth and since its inception has provided extremely generous returns to patient and prudent investors. However,if you don’t save enough money, the returns can’t save you.

A lot of people think that investing in the stock market is easy. All they have to do is invest their money and then let the market do its thing. But that’s not true! Read More

CategoriesFinancial Planning, Financial QB TV Videos, Retirement Income by

A Dog is Great for Your Retirement

We all know that in the grand scheme of things, retirement is an incredibly important part of life. It’s a time when we can finally live our lives how we want to, with no one to answer to but ourselves.

There are some obvious sure ways to have a successful retirement. Strategies like making sure to have protected reliable income, a diversified portfolio, reducing your taxes, are solid a solid start.

But what if you could make your retirement even more enjoyable? What if you could have a better quality of life during your golden years? Read More

CategoriesFinancial Planning, Financial QB TV Videos, Investor Behavior, The Stock Market, Using A 401(k), Volatility by

When Is the Best Time to Invest?

Investing in the stock market is a great way to grow your money for retirement, but it can also be extremely nerve-wracking. The markets are always volatile, and there’s no guarantee that you’ll be able to ride out the ups and downs.

The truth is, there’s no perfect time to invest. There will always be an element of risk involved—no matter what your investment strategy is or how much time you’ve put into researching your portfolio. But with these tips, you’ll be able to reduce some of the volatility of the market so that when things do go down (and they will!), your losses won’t be as severe. Read More

CategoriesFinancial Planning, Financial QB TV Videos, Real Estate Investing, Retirement Income by

Is Real Estate A Good Investment for Retirement

So if you’re considering investing in real estate, you should know the benefits (and the downfalls).

Including real estate in your investing portfolio adds diversity to reduce your overall investment risk. And there are many ways to achieve this. Some options may be buying real estate investment trusts (REITs). Others, may be more active like buying and holding rental properties for cash flow and capital appreciation. This type require active involvement and a fair amount of knowledge to be successful.

Here are the advantages of real estate investing; Read More

CategoriesFinancial Planning, Investor Education, Retirement Income by

Whose the Real Fiduciary Advisor

So you want to know what a Fiduciary is? In the world of financial advisors, the word “fiduciary” is thrown around a lot. But what does it actually mean?

You’re in luck. In this article, we’ll break down the differences between a Fiduciary and other Financial Advisors, as well as what it means for you and your retirement plan.

A fiduciary is someone who has a legal and ethical responsibility to act in their client’s best interest. In other words, they’re not allowed to make any decisions that will benefit themselves at their client’s expense.

Types of Financial Advisors: Who Is A Fiduciary

Titles such as financial advisor, wealth manager, investment advisor, registered representative, and even financial consultant do not help the average investor (prospect) distinguish skill and proficiency much less whether they are allowed to act as a fiduciary. Read More

CategoriesFinancial QB TV Videos, Investor Behavior, Retirement by

5 Tips to Transition Into Retirement

You’ve made it! You’ve reached retirement.

Now what?

When it comes to retirement, many people focus almost entirely on the money. Retirement is a time of transition. It’s the end of one chapter and the beginning of the next. It can be scary, but it doesn’t have to be. There are lots of things you can do to make your new lifestyle as successful as possible—and we’re here to help you get started.

There’s no one right way to retire; every person’s path is different and unique. But there are some best practices that can make your transition into retirement smoother and more successful.

Here are 5 tips for a happy transition into your new life. Read More

CategoriesFinancial QB TV Videos, Retirement, Retirement Income by

Are You Considering Delaying Retirement

Have you been thinking about delaying retirement?

If so, you’re not alone. According to a recent survey of American workers, more than half of those surveyed said they plan on working past the age of 65. But why?

  • Is it because people are getting living longer?
  • Do you need to work longer to save up enough money to retire?
  • Is it that rapid inflation means retirement is going to cost more?
  • Are just plain scared of what happens when you stop working?

Read More