What Should Your Retirement Plan Checklist Include?
Planning for retirement is like planning for a long trip. Here’s a handy retirement checklist to help you get prepared.
5 Things to Consider When Downsizing or Moving in Retirement
As a Wealth Manager, one of the questions I ask my clients is “Are you considering moving when you retire?” If you are thinking about moving or downsizing when you retire, there are a few basic things that you may want to consider: Do you want to move to be closer to family? This is…
5 Things To Consider Before Retiring As A Small Business Owner
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…
Ten Smart Ways To Use Your Roth IRA
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 –…
The Difference Between Happy And Unhappy Retirees
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…
How Long Will $500,000 Last In Retirement?
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…
Two Ways To Ease The Retirement Transition
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…
Five Ways to Boost Your Retirement Savings
Do you feel confident that you are saving enough for retirement? If not, here are five ways to boost your retirement savings. 1. Know your numbers Many people have no idea how much they actually need to save to meet their retirement goals. If you don’t know your individual numbers, you might assume you need…
Proposed Tax Law Giveth… And Taketh Away
On May 23, 2019, the House approved the Setting Every Community Up for Retirement Enhancement (SECURE) Act of 2019 by a vote of 417 to 3, extending the age when investors must start taking distributions along with many other provisions. Most notably, one major provision includes moving the beginning of RMDs (Required Minimum Distributions) from…
The Secret To Early Retirement
You decided right out of college that you wanted to achieve financial independence and retire early. With that plan in mind, you lived within or below your means, you tracked your spending and savings, and you invested a huge percentage of your income and let the magical powers of compounding interest do its thing. Now…
