Don’t Have Enough Saved for Retirement? Consider These 3 Aspects
Are you confident that your retirement savings are going to be enough? Have you put aside anything at all for your golden years? If the response to these inquiries is no, our consultants might have solutions to help you restructure your retirement strategy. Here’s what they suggest to enhance your nest egg for retirement: Take […]
How an Advisor Can Elevate Your Financial Strategy
Engaging with a financial advisor is a significant decision. Just as a competent physician would be aware of your health history, a skilled financial advisor will understand the vital aspects of your financial status and use that understanding to enhance your financial well-being and protect your retirement years. Therefore, it is crucial to understand the […]
The Four Phases of Your Retirement Journey
Retirement is a multi-stage process. The duration and the financial approach to each stage will vary for each individual, making it an intricate subject. However, dissecting it into separate stages can help you understand and execute a smart retirement strategy. In this piece, we will explore every stage of retirement and highlight significant financial events […]
3 Tax Strategies You’ll Want to Take Advantage of Before the Year Ends
As the holiday season kicks into gear, we understand that your retirement strategy may not be at the front of your mind. But as the year draws to a close, it’s actually a great time to button up your tax plan to optimize your 2023 and 2024 taxes. Given that taxes are computed annually from […]
Wealth vs. Income: The Crucial Retirement Question
You may have built up a considerable sum of assets as you approach retirement. But not all assets are the same when it comes to planning for retirement. Here’s an example: you may have paid off your home. But your home probably isn’t going to generate any income during your retirement. A home is a […]
Basic Retirement Planning Tips for Couples
Retirement may be something you’re planning for with a partner. If you are married or are living with someone and you’re both heading into retirement together, there are a lot of things that you’ll need to consider. After all, you’re not just planning for yourself; you’re planning two retirements together! This means you’ll have additional […]
The Importance of Estate Planning
It’s not easy to think about what’s next for all the assets and items that will outlive you. Perhaps you’ve been deferring the creation of a solid plan because the idea makes you uncomfortable. Or perhaps, because you don’t think you have a lot of wealth and believe that an estate plan isn’t required. You […]
A Refresher on the SECURE Act 2.0 and a Recent Update to It
The SECURE Act 2.0 was a major change in legislation passed in 2022 that drastically affected many areas of retirement planning.[1] It changed rules for many aspects of financial planning concerning retirement, but some of the most important changes were that it: Pushed back the age of RMDs[1] Changed some rules for catch-up contributions[1] Changed […]
Are You Prepared for Long-Term Care?
The possibility of needing long-term care is a major factor in your retirement. It’s difficult to think about a time when you may need extra assistance with daily tasks, but it’s very common and very costly, especially given that it’s not covered under Medicare! Not every retiree will require it, yet it’s a potential need […]
When to Consider a Roth IRA Conversion
If you find yourself with a traditional IRA account for your retirement, it can occasionally be useful to convert your account to a Roth IRA. The key difference between these accounts is that a traditional IRA is taxed when it is withdrawn, whereas a Roth IRA is taxed before the money is put into the […]
