As an entrepreneur, you’ve probably been so busy building, nurturing, and growing your business, that you haven’t had any time to think about your own retirement. That time has finally come: It will probably take several years to plan the successful sale of your small business, so it’s a good idea to get started now…
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Among the resources available to enable investors to achieve both their pre-retirement and retirement goals, the Roth IRA is a particularly valuable “arrow in your quiver.” As a savings vehicle, a Roth IRA is available to anyone, regardless of age, who has earned income up to certain annual limits (a phaseout range of $122,000 –…
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If you use a computer, you are vulnerable and at risk of having your information compromised. I am old-fashioned, and while I use a computer for many things, I don’t use it for on-line banking. I have to wait until my bank statement arrives every month to check for my deposits and withdrawals and balance…
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According to a 2016 Employee Benefit Research Institute study on retirement satisfaction, almost 90% of retirees say that their retirement is either “very” or “moderately” satisfying. Fortunately, most retirees are happy. A little over 10% of retirees, however, admit that they are “not at all satisfied” with their retirement. The difference between happy and unhappy…
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After an impressive move higher during the first half of 2019, risk assets saw little movement to the upside in the third quarter. The S&P 500 did reach a record high of 3,025 on July 26th, only to slide back six percent over the following six trading days as, once again, investors had to digest…
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How long will $500,000 last in retirement? The answer is… it depends. You’ll need to start with some basic retirement questions. To a large degree, your ability to retire on $500,000 will depend on your answers: How old are you and how long do you want to plan on funding your retirement? How much will…
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I’ve had two clients in the recent past who struggled with whether or not they should retire. Neither client cared for their jobs, but didn’t think they were ready for retirement, and so decided to stay put until they figured out ‘what was next.’ Shift From Full-Time To Part-Time Work In the first case, the…
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If you’re wondering how to find a financial advisor you can trust, you’re not alone. While there are some regulatory authorities overseeing the industry, not everyone follows the rules. So how do you find an honest financial advisor? Here are a few important things to look for… Are they a Certified Financial Planner (CFP®)? Finding…
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Born in the period between 1946 and 1964, a new wave of baby boomers retires every day. And for those boomers turning 62 this year, this will be the first opportunity to claim Social Security benefits. Unfortunately, they’ll suffer penalties if they do so before full retirement age. That’s why it’s so important to know…
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As financial planning for clients grows more complex, it becomes increasingly difficult for planners to recognize every planning issue, opportunity, and concern from memory alone. As a result, there is an increasing risk that planners make a mistake—albeit by accident—in the struggle of trying to apply everything they have learned to an incredibly wide range…
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