When planning for retirement, many people focus on maximizing the return on their investments. While growing your money is important, there’s an often-overlooked aspect of financial security in retirement: keeping a healthy amount of cash readily available. Having quick access to cash, even a substantial amount, can be crucial for a successful and stress-free retirement. Here are three key reasons why maintaining a cash reserve is vital. Read More
Political news is everywhere, dominating conversations and stirring emotions. It’s tempting for investors to react to these developments, whether it’s debates over tariffs, inflation concerns, or discussions about immigration policies. But making changes to your portfolio based on political headlines—or what you think might happen—is rarely a wise move. Read More
When people retire, they often wonder what to do with the money in their 401(k) from their former employer. Be careful about withdrawing all the money at once just because you can. While there’s no tax penalty for withdrawing after age 59 ½, taking a large amount at once can impact your Medicare costs if you’re over 63. Read More
As a financial advisor, I’m sometimes told to be ‘neutral’ about politics when discussing your money. But when it comes to securing your financial future, there’s no room for gray areas. Let’s talk straight about three policies that, no matter who promotes them, won’t help you retire better. Read More
Life still happens in retirement and at some point you will need a newer car. When deciding whether to buy a new or used car, it’s essential to weigh the pros and cons of each. Let’s break down the key factors: Read More
Retirement is a significant life transition, not just financially but emotionally and relationally. While many couples eagerly plan their golden years together, one question often goes unasked: Are both partners ready to retire at the same time? Read More
There has been increasing talk of taxing unrealized capital gains, especially targeting individuals with assets over $100 million. While this might sound like a good way to ensure the ultra-wealthy pay their “fair share,” there are significant downsides to this approach. Lets explore three reasons why taxing unrealized gains is wrong and how it could eventually affect everyday investors if the policy trickles down. Read More
In just four years, the financial landscape for retirees has shifted dramatically, placing many in precarious situations. While retirement was once a time to enjoy the fruits of decades of labor, today’s retirees are finding themselves navigating a sea of economic challenges that threaten their financial stability. The rising cost of living, the inflated costs of maintaining home equity, and the volatile stock market are all contributing factors. These challenges make it clear that retirees are worse off today than they were just a few years ago. Read More
As election seasons roll around, the political climate intensifies, bringing with it a wave of speculation and uncertainty. Many people find themselves wondering if the outcome of elections will impact their retirement plans. While it’s true that elections can influence various aspects of the economy and financial markets, the real issue often lies in the sentiment and security of the retiree. Here, we will explore three key areas where elections might affect your retirement and emphasize that proper planning is the best way to prepare for post-election changes. Read More
Having a purposeful mindset after retirement is crucial for personal fulfillment and promoting longevity and overall well-being. Retirement marks a significant transition from full-time work to a phase of greater freedom and leisure. However, this newfound freedom can sometimes lead to a lack of structure and purpose if not approached thoughtfully. Read More
