If you’re looking to save for your and your family’s future, an Individual Retirement Account (IRA) is an effective way to do so. But what is an IRA account and how does it work? What are the different types of IRA? What is an IRA actually useful for?
Read on to find out everything you need to know. Read More
If your household earns over $30,000 per year, you are going to need more than social security to keep up your lifestyle in retirement. This is why many financial advisors recommend saving enough to replace 80% or more of your pre-retirement income.
When it comes to retirement planning, most people think a one-size investment strategy fits all. Here are three reasons why retirement planning does—and should—work differently for different people. Read More
Do you want to reduce your taxes and increase your savings and income for retirement? Of course you do!
These 6 questions to ask your financial advisor will make sure you find the right person. Read More
Here’s how to analyze whether you really need long-term care (plus an inventive way to pay for it). Read More
Let’s take a look at a fiduciary vs. broker and see how the two measure up (and which one you should trust with your money).
This massive piece of legislation was passed as a result of the COVID-19 pandemic. The legislation made significant changes that impact retirees, retirement income strategies, IRAs, income taxes, and qualified retirement plans like 401(k)s, 403(b)s, etc.
One major impact it made was in reference to Required Minimum Distributions (RMD). Read More
If you’re fortunate enough to not have your family income reduced during this time, there are some opportunities to protect yourself and grow your long-term wealth if you are under the age of 55. Read More
We are in some weird times right now. A few weeks ago, I would have never imagined that I would have to plan for our federal, state and local governments to shut down an entire economy due to a pandemic like the coronavirus (COVID-19).
I have been through several economic downturns in the past and, unfortunately, it’s times like this that many investors will panic and make some big money mistakes.
And one of the biggest mistakes is trying to search for the “perfect investment.” Read More
You’ve probably heard the term dollar cost averaging over your years of making contributions into your retirement accounts. Dollar cost averaging is when you make a regular, fixed-dollar contribution into your investments regardless of what occurs in the market. Read More
