Investing in the stock market is like a long adventure where you can earn money over time. But not everyone makes the same return on their money with their investments. Even if the whole market is doing really well, you might find your own money growing a bit slower. Here’s why your own investment return might be different from the big market return:
In our fast-paced world, where every moment counts and the future often feels like a distant horizon, there’s a common tendency to procrastinate on making important decisions. One such decision, often pushed aside, is the act of saving for your retirement. We all have our reasons, whether it’s the pressing demands of the present or a belief that tomorrow can wait. But hidden beneath this delay lies a significant, and sometimes surprising, cost that deserves our attention. Read More
In the world of retirement planning, one of the decisions that people often face is what to do with their employer-sponsored retirement plans when they leave their job. Whether you’re transitioning to a new employer or stepping into retirement, it’s crucial to make informed decisions about your retirement savings. One option that many individuals consider is rolling over their employer retirement plan into an Individual Retirement Account (IRA). Here, we delve into the reasons behind this popular choice. Read More
In the golden years of life, financial stability is paramount to maintaining your lifestyle and achieving true financial independence. Retirement planning plays a crucial role in securing this comfort, and the key to a successful retirement plan is a reliable, guaranteed income. While growth through investments such as the stock market is essential, they should not be the sole focus. Without a steady stream of income, retirement could be more of a challenge than a reward. Read More
In today’s world, we are inundated with negative news at every turn. From political turmoil to natural disasters to economic uncertainty, it can be difficult to avoid the constant barrage of bad news. For investors, this can be especially challenging. In this blog post, we’ll discuss why living in a world of negative news is the greatest challenge for investors to overcome and what they can do to manage it. Read More
Divorce is always a difficult and emotional experience, but it can become even more complicated when it happens during retirement. Not only does a divorce in retirement affect your personal life, but it can also have a significant impact on your financial future. Retirees who have carefully planned for their golden years may suddenly face unexpected changes in their financial situation due to a divorce. Read More
Using art as a retirement plan might seem like a good idea, but there are some major drawbacks that you should be aware of before making this decision. Read More
A new report by Syracuse University’s Transactional Records Access Clearinghouse (TRAC), a nonprofit data and research gathering organization, found that the IRS may target low income earners more often than high income earners for an audit. Indeed, during FY 2022, the odds a millionaire was audited by an IRS revenue agent was just 1.1 percent while low-income families have a 1.27% audit rate.
The IRS may target low-income earners more often than high income earners for an audit for several reasons. Read More
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
by Richard E. Reyes, CFP