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
During these tumultuous times of COVID-19, many older workers are uncertain about their financial future.
Due to rising unemployment, volatile markets, and just the overall fear of COVID, questions about Social Security have come up frequently. Older workers, at least 62 years old, are beginning to consider claiming their Social Security early. In this blog post, we’ll cover the best retirement age (based on your financial goals), whether or not your social security benefits should be accessed early, and what a normal retirement looks like. 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).
In fact, most retirees don’t plan their retirement well and are too dependent on the market. Read More
I have found that 55 is usually that arbitrary point where, depending on when you expect to retire, you’re starting to think more seriously about those post-65 years. 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
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
These are uncertain times. People are getting laid off, the stock market has taken a hit, and and there are a lot of unanswered questions.
But this is also the perfect opportunity to get your retirement plan in order. In fact, there are many reasons that doing a Roth conversion is a great decision. And even better? It’s not hard to do.
