The most important objective of your retirement plan is to create reliable income for you and your spouse. For that reason, you need to tap into financial resources that will produce income, in a secure and consistent manner. Read More
What Should Retirees Be Concerned With During A Recession
We are now officially into a full-fledged recession based on the data from the last two quarters. So welcome to Recession 2022 – The New Economy.
For the last few months, we have participated in several forums and conferences speaking about recessions and its effect on markets, your finances, retirement, and the opportunities that investors may have. Read More
Life Insurance Is an Investment!
What’s the best way to invest in your future?
Life insurance is an investment…in more ways than one.
For all its benefits, only 54% of Americans have some form of life insurance, which means there’s a pretty good chance that you’re one of the millions of adults without this vital form of coverage.
Perhaps you think you can’t afford it. Or you’re overwhelmed by all the options in the marketplace. Maybe you simply don’t like thinking about your own mortality.
However, I think more people should review life insurance as part of their overall retirement and family planning. Read More
8 Tax Free Investments You Should Know About
“Nothing is certain except death and taxes.” Benjamin Franklin was certainly right about a lot of things over his lifetime. And it absolutely feels like taxes are unavoidable, but are they really? Well, no! There are certain investment types that are completely tax-free.
While you probably shouldn’t be too concerned with dropping the amount of taxes you pay each year down to zero, understanding how your investments can impact your taxes and using that to your advantage is a great way to maximize your money. Read More
Should I Pay Off My Mortgage?
All the financial experts say debt is bad.
Should I pay off my mortgage as early as I can?
Sooner or later, every homeowner begins to dream about the day when they own their home free and clear. No more mortgage payments…extra money each month to invest…what’s not to love?
Even financial experts like Dave Ramsey are known for singing the praises of ridding yourself of any and all debt—including your mortgage.
Whether this is a realistic goal or not, it leaves many homeowners wondering, “Should I pay off my mortgage early?”
Unfortunately, there isn’t a simple yes or no answer, but I can (hopefully) put your mind at ease about getting out of debt. Read More
Everyone Has Their Own Investment Playbook
Unless you’re living under a rock, you know that Tom Brady has made it to the Super Bowl a few times. Ten, to be exact.
You may also know that he didn’t win all of those. In fact, he lost three of them. Even the GOAT of football had a strategy that didn’t work every single time. So what does that mean for your investment strategy? Read More
How Charitable Contributions Affect Your Finances
When you donate money to charity, it not only can make a big difference in someone’s life, it can also reduce your tax liability by lowering your taxable income. Contributions are tax deductible only if made to a qualified organization.
Are you wondering how charitable contributions can affect your finances? Keep reading to find out how giving to charity can benefit your funds. Read More
Women & Retirement: Facing the Issues
March is Women’s History Month and, because of that, we’d like to highlight some opportunities for women to manage their path towards retirement.
Just like a properly organized playbook for a big game, a great strategy will help nearly anyone through the difficulties they may face in both preparing for retirement and staying retired. Read More
How Do I Maximize My Social Security Benefits?
Luckily, there are ways to maximize those benefits. Read More
What Is a Money Market Account?
A brand new year is starting and if you learned anything from 2020, it’s that you need to be prepared for those “what-if” scenarios.
Having adequate emergency reserves is important and consider making it part of your 2021 saving goals. You should always strive to have at the very least six months’ worth of your monthly expenses set aside in your emergency reserves.
There are several options that you can choose from if you want to start saving money for emergencies. One of the best and easiest options is using a money market account.
A money market account is a type of interest-earning savings account, and is intended to offer investors high liquidity with a very low level of risk. They are also insured by the FDIC.
Are you trying to open a money market account? Let’s go through how and why to start using a money market account successfully. Read More
