If you’re starting to wonder if you’ll ever have enough money saved to retire, you aren’t alone. According to the Employee Benefit Research Institute’s 2022 Retirement Confidence Survey, only 28% of respondents said they were “very confident” they would have enough money for a comfortable retirement. And 58% said preparing for retirement makes them feel …
Paying state and federal taxes is part of life. Yet, of course, we all want to keep hold of as much of our income as possible too. The more legal places we can find for our money, the more we can help prevent the government from taking too large a cut. Mastering this relies on …
Are You Helping To Maximize Your Tax-exempt Bucket? Read More »
Selecting the right financial advisor is an important but difficult decision. Key considerations include whether your prospective advisor has the right technical skills, charges fair fees, and puts your interests first. But which factors should you prioritize when finding the best one for you? Turns out, you should be looking at psychology. A 2019 Vanguard …
How Psychology Affects Your Search For A Financial Advisor Read More »
Market ups and downs can keep retirees on edge, worried about potentially big losses from which they may never be able to recover. And those worries aren’t necessarily misguided. From 1928 through March 2022, there have been 26 bear markets. A bear market is a market decline greater than 20% that lasts at least two …
Retirement Income Shouldn’t Depend On The Market, It Should Depend On Math Read More »
Are you entering retirement, but want to delay taking the full required minimum distributions (RMDs) from your retirement portfolio? Perhaps use the money to help secure the possibility of a long retirement instead? Say hello to the QLAC. QLAC stands for Qualified Longevity Annuity Contract. It’s a type of annuity that can be bought with …
It is easy to identify things you could have done differently knowing what you know today. If only we had a crystal ball, life could be so much easier. Here are some regrets often heard from retirees that you may want to consider as you make important decisions about your future. Starting a transition plan …
While the market may not be a fun time for investors, there are some bright spots and opportunities to be had. Stock market drops like we’ve seen recently might make a Roth IRA conversion more appealing as a strategy for investors. Should you consider converting a traditional IRA to a Roth during a down market? …
Should You Consider A Roth Conversion While The Market Is Down? Read More »
Missing deadlines, delaying enrollment, or choosing the wrong plan can cost you a bundle when it comes to Medicare. Here’s a list of common mistakes new Medicare enrollees make and how to help avoid them. Not signing up for Medicare at the right time Timing, as they say, is everything. It’s especially important when it …
Do you feel like you know enough about money to get by? A newly released survey by the TIAA Institute shows that people of all ages and experience levels could answer only 50% of financial literacy questions correctly.1 Your level of knowledge in the financial world can have ripple effects, especially when preparing for retirement. …
