Blog Posts

Plan for Tax-Smart Retirement Income

Thursday, February 1st, 2024

In addition to extending the life of your retirement resources, careful tax planning may result in lower retirement taxes.

Even with Social Security, pensions, and other nonportfolio income, most retirees don't have enough invested to live on interest alone, so eventually they'll have to start selling off their investment holdings. Finding a solution to minimize the impact of taxes is difficult. You cannot spend every dollar that is lost to taxes, after all.

New Year, New Financial Beginnings: Financial Planning for the Year Ahead

Thursday, December 21st, 2023

As the new year unfolds, it's an opportune time to reflect on our financial health and set goals for the future. Financial planning is not just about managing money; it's about aligning your financial decisions with your life goals and values. Whether you're looking to save for retirement, reduce debt, or invest in your future, the new year is the perfect time to start.

Secure Act 2.0: Enhancing Retirement Security and Beyond

Friday, August 11th, 2023

Retirement planning is a crucial aspect of our financial journey, and staying informed about changes in legislation is essential for securing a stable future.
In the ever-evolving landscape of retirement planning and financial security, legislative changes play a crucial role in shaping the future for retirees and workers alike. One such significant development is the Secure Act 2.0, a follow-up to the original Secure Act, designed to further enhance retirement security and address the changing needs of individuals in the modern world. In this blog post, we'll delve into the key changes introduced by the Secure Act 2.0 and their potential impact on retirement planning


Stop The Fees From Eating Into Your Old 401K!

Saturday, July 1st, 2023

Unleash Your Old 401(k)/403(b), TSP, TRS or other past employer plans, roll it over and secure Your Financial Future!Unleash Your Old 401(k)/403(b), TSP, TRS or other past employer plans, roll it over and secure Your Financial Future!<  

How Do You Stack Up For Retirement?

Friday, June 2nd, 2023

How do you think you compare to others in retirement, and how do you feel about it? It's probably a good thing if you consider yourself to be ordinary.

The Debt Ceiling & You

Thursday, May 25th, 2023

The debt ceiling: What it is and what it means to you.

Three Wealth Planning Strategies for Every Stage of Life

Friday, May 5th, 2023

Wouldn't it be nice if retirement came with no muss and no fuss? Unfortunately, this is not always the case. Years of planning are frequently required. But, hopefully, this checklist will provide you with the crucial steps to follow at each period of your life, allowing you to retire when you choose and live the retirement of your dreams.

Take A Look At New RMD Rules

Friday, April 7th, 2023

For U.S. retirees, there used to be this iron-clad rule that you had to begin retirement account withdrawals at age 72. Under a new law passed last year called “SECURE 2.0”, the required minimum withdrawal (RMD) age has changed. You may have more time.

Financial planning and wellbeing

Wednesday, December 21st, 2022

The current cost of living crisis, against a backdrop of bleak economic predictions, is a significant cause for concern for millions of people.

Living standards have fallen at the steepest rates in 60 years, household incomes are expected to drop by 4.3% in 2022-2023, and people are being forced to reduce their spending.

With economic predictions over the next couple of years also looking grim, it’s easy to see why people feel powerless and frustrated.

Could financial planning hold the answer?

Are you wondering when you will be able to recoup your market losses?

Friday, November 18th, 2022

So far, 2022 has been an odd year.

Following the remarkable recovery from the initial pandemic lockdowns, investors experienced peak returns at the start of the year. However, as the economy and stock market continued to deteriorate, lethargy set in.

Investors are now wondering when the market will turn around so that they can recoup their losses. To begin, we must perform some relatively complex investment math to determine how much you must make up. Because, unfortunately, the loss-to-breakeven ratio is not a 1:1 ratio.

Second, digging deeper reveals that, depending on the economic environment, the time to recover losses similar to those we're experiencing today could range from 4.5 to 45 months.

The good news is that every bear market since 1968 has seen the market recover its losses and grow even more...

Income for Life - Retirement Planning

Thursday, September 29th, 2022

During periods of economic uncertainty, a paycheck is the ultimate antidote to stress. As long as you’re getting paid, you can buy groceries, pay the mortgage and—one of these days—catch a ball game.

Unless you’re fortunate enough to have a traditional pension, though, those paychecks stop when you retire. That’s unnerving even when times are good. When the stock market is unpredictable, interest rates are at an all-time low and the economy is reeling, the absence of a biweekly or monthly deposit in your bank account can lead to a lot of sleepless nights. That's why proper retirement planning is crucial.

Ways You May Be Leaving Money on the Table When You Retire

Tuesday, August 30th, 2022

Are you leaving money on the table when you retire? The answer is likely a resounding YES! (Whether you realize it or not.), And that is too bad, as you want and need every penny you can muster to fund a secure and happy retirement. So, it is important to take advantage of every opportunity to make smart use of your money.

Surprisingly though, many retirees and soon to be retirees overlook not just hundreds or even thousands of dollars, but hundreds of thousands in money that could be put toward retirement expenses. Here are tips to help you ensure you’re not falling into some of the typical traps that often lead to retirement downfall.

Retirement Savings Drawdown: Crucial Aspect of Proper Retirement Planning

Friday, July 29th, 2022

After decades of planning and putting money away, you may think it would be easy for most people to shift from a savings mindset to a spending mindset. Yet income drawdown is one of the most often overlooked aspects of retirement planning. Mapping out a strategy as part of your retirement planning is crucial. Structuring the wrong way could take a significant bite out of your retirement savings.

Money Tips for Seniors Suffering from Inflation

Tuesday, June 28th, 2022

This year has been an especially tough one for seniors on fixed incomes. To stay on track, try these financial survival tips.

Why is this year different from all other years for seniors? Inflation. The latest numbers show a whopping inflation rate that’s the highest since 1982.  This means that everything you buy will be more expensive.  You see this impact at the gas pump, the grocery store, the doctor and, frankly, all over. The issue is that you don’t have a choice not to buy certain things.

Retirement Checklist

Tuesday, May 10th, 2022

Whether the day you stop working is a decade away or around the corner, these to-do items will help you retire on your own terms.

Set Yourself Up for a Successful 2022 (Ten New Years to-do’s to start the new year off right.)

Tuesday, December 21st, 2021

Every year, Americans set lofty goals for themselves, and every year they come up short, real short. A full 81% of people bail on their New Year’s resolutions before January ends. Managing money better is often one of those resolutions. People want to improve their finances and setting resolutions can you a game plan for how to do better. Your resolution should be specific, measurable and achievable.

Let’s break that trend for you and not call them resolutions (as we know what happens to those), but tasks or to do’s to set you up for financial success!

Ten tasks/to-do’s to start the year off right and head towards financial success:

(click title orimage to read the article)

Four Big Retirement Blunders

Saturday, October 23rd, 2021

It’s too bad, but financial advisers see these four mistakes all the time. Don’t fall into the same traps. Despite the chatter you’ve probably overheard through the years — at work, family gatherings or neighborhood barbecues — few people actually know as much about retirement planning as they think they do.

3 Steps to a Retirement Income Plan: Nobel Prize Winner Helps Out

Friday, September 17th, 2021

Figuring out how much income you need during retirement and formulating a retirement income plan is the most important aspect of financial planning. Don’t believe me? Well, the theory is advanced by Robert C. Merton, recipient of the 1997 Alfred Nobel Memorial Prize in Economic Sciences and Distinguished Professor of Finance at the MIT Sloan School of Management.

Can I Afford to Retire?

Tuesday, August 31st, 2021

That fearful question is what holds many people back from taking the plunge, but a little fact-finding & proper planning could give you the information you need to make an informed decision.

Sequence-of-returns risk could undo years of careful planning

Wednesday, May 19th, 2021

Here’s how that happens, and a couple of ways to help avoid it.