Your 2019 Financial To-Do List

Thursday, November 29th, 2018

Things you can do for your future as the year unfolds.

What financial, business, or life priorities do you need to address for 2019? Now is a good time to think about the investing, saving, or budgeting methods you could employ toward specific objectives, from building your retirement fund to lowering …

Tax Efficiency in Retirement

Monday, April 16th, 2018

How much attention do you pay to this factor?

Will you pay higher taxes in retirement? Do you have a lot of money in a 401(k) or a traditional IRA? If so, you may receive significant retirement income. Those income distributions, however, will be taxed at the usual rate. If you have …

Retirement Questions That Have Nothing to Do With Money

Wednesday, March 14th, 2018

Think about these matters before you leave work for the last time. 

Retirement planning is not entirely financial. Your degree of happiness in your “second act” may depend on some factors you cannot quantify. Here are a few of those factors as well as the questions they may end up provoking in …

The Retirement Mindgame

Wednesday, February 14th, 2018

Your outlook may influence your financial outcome.
What kind of retirement do you think you’ll have? Qualitatively speaking, what if the success or failure of your retirement begins with …

Should We Reconsider What “Retirement” Means?

Friday, January 5th, 2018

The notion that we separate from work in our sixties may have to go.
An executive transitions into a consulting role at age 62 and stops …

When Should You Take Your RMDs?

Thursday, November 2nd, 2017

Retirement gives you plenty of choices. You can decide when to claim your Social Security, what Medicare coverage to buy, whether you want to travel or stay put, work part-time or relax. One aspect of retirement finances many people think they have no control over is that of required minimum …

5 Signs You Retired Too Early

Monday, October 16th, 2017

The lure of early retirement is enticing, there’s no doubt about it. A 2015 study by the Boston College’s Center for Retirement Research shows us that the average retirement age for men is 62, and for women is 64. (1) But just because you can start tapping into your Social Security …

Will Debt Spoil Too Many Retirements?

Thursday, October 5th, 2017

What pre-retirees owe could compromise their future quality of life.
The key points of retirement planning are easily stated. Start saving and investing early in life. Save and invest consistently. Avoid drawing down your savings along the way. Another possible point for that list: pay off as much debt as …

Financial Priorities Young Families Should Address

Friday, August 25th, 2017

Wise money moves for parents under 40.
As you start a family, you start to think about certain financial matters….

The Importance of Financial Literacy

Tuesday, June 6th, 2017

Too few Americans understand personal finance fundamentals

If only money came with instructions. If it did, the route toward wealth would be clear and direct. Unfortunately, many people have inadequate financial knowledge, and for them, the path is more obscure.

Are most people clueless about financial matters? That depends on what gauge you want …

The Rough Consequences of Not Saving for Retirement

Friday, May 12th, 2017

Do you really want to risk facing these potential outcomes?

The Federal Reserve Raises Benchmark Interest Rate

Wednesday, March 29th, 2017

Monetary policy is normalizing due to economic improvement.

On March 15, the Federal Reserve raised the benchmark interest rate by a quarter-point to a range of 0.75-1.00%. The increase was widely expected, and it represented a vote of confidence in the economy.1

This was the central bank’s second rate hike in three …

Should Women Strive to Work Past 62?

Wednesday, March 15th, 2017

The argument for doing that is pretty convincing.
Every now and then, you read an article about a woman past the age of 65 who says she loves her job and will “never retire.” In addition to keeping herself engaged and active, she may be doing herself a great …

Will You Avoid These Estate Planning Mistakes?

Wednesday, March 8th, 2017

Too many wealthy households commit these common blunders.
Many people plan their estates diligently, with input from legal, tax, and financial professionals. Others plan earnestly, but make mistakes that can potentially affect both the transfer and destiny of family wealth. Here are some common and not-so-common errors to avoid.

Doing …

A Guide To 2017 Tax Law Changes (And More)

Wednesday, February 15th, 2017

As taxpayers and tax preparers send in 1040 forms for 2016, they are also wondering about the changes to federal tax law that may occur in 2017 and 2018. Will President Trump’s administration be able to follow through on his campaign pledge to cut corporate and estate taxes and revise individual …

6 Surprising Facts About Retirement

Wednesday, November 2nd, 2016

Americans are living longer than ever before, resulting in lengthy retirements. But if you assume most people are saving more in order to prepare for their long-term needs, you’d be mistaken.

Here are some of the more startling truths about retirement in the United States.

1. It could last longer than you …

5 Things You Can Do Right Now to Help Improve Your Retirement Outlook

Friday, July 15th, 2016

When you’re about five years away from retiring, take these five steps to complete your retirement masterpiece.

When most people think about retirement planning, they put the focus on growing their money. Their mood rises and falls with every roller-coaster turn of the daily stock market reports, or when they see …

Home Sweet Home

Tuesday, June 7th, 2016

Like other aspects of the economy, the real estate market has been slow to recover to “normal” levels. But we believe there are some positives that come with the lull in housing sales. In some pockets of the country, prices have escalated substantially due to low inventory, high demand and …

It’s Never Too Early to Plan Your Retirement

Wednesday, March 2nd, 2016

Even when you’ve determined an exact date you want to retire, it’s hard to know how many years your retirement will last. So it stands to reason that planning for an early retirement could be a challenge.

However, there are ways. We can take a look at your current financial situation …

IRS warns of top 3 tax scams for 2016

Friday, February 5th, 2016

The start of tax filing season means the start of tax scam season, and this year the scams are expected to be worse than ever, despite new anti-fraud measures enacted by the IRS.

So the agency is warning about the top 3 tax scams to watch for in 2016.

1. Fraudulent Filing

Last …

Spotlight on Hidden Firm Fees, Merrill Lynch Edition

Friday, December 4th, 2015

This is part of our ongoing series in which we review “kick backs” that companies receive and the hidden fees the consumers are left to pay. A few weeks ago we discussed the Edward Jones’ Revenue Sharing Dislcosure, which you can read HERE.

This week we take a look …

Spotlight on Hidden Firm Fees

Wednesday, November 11th, 2015

This is part of a series we’ll be releasing over the next few months highlighting soft dollars, hidden fees, and “kick backs” companies may receive when offering investment products to clients.

This week we’ll be looking at Edward Jones, and you can see the Edward Jones Revenue Sharing Disclosure here

This disclosure states …

Catch Up on Retirement Savings

Thursday, July 30th, 2015

Photo Credit:

Retirement is a time when individuals should be looking forward to enjoying a slower-paced life without the drone of a 9-to-5 day job. It should bring about feelings of excitement, relief, joy, and anticipation. …

Read All About It

Monday, June 22nd, 2015

It seems like there’s a magazine for everything these days. And the topic of retirement is no different. There are a number of magazines geared towards individuals nearing or enjoying their retirement years, including tips on relocating, downsizing, living on a …

New Law to Cost Medicare Patients More Money

Monday, June 1st, 2015

A new law signed recently by President Obama is expected to fix an underlying discrepancy with Obamacare and Medicare patients, and the rates at which Medicare patients pay their doctors for services.

The Medicare Doc Fix Reform law is the government’s attempt …

National Retirement Planning Week

Wednesday, April 1st, 2015

National Retirement Planning Week is coming up in April from April 13 through April 17, but this year, the organizations heading the education-filled public awareness week are adding one more element to the mix.

On Thursday, April 16th, the Insured …

The Year of the What?

Tuesday, March 10th, 2015

The Chinese culture recently celebrated their Lunar New Year or Chinese New Year. Each year is signified by an animal which is rotated every 12 years. The year 2015 marks the Year of the Ram (or Goat or Sheep depending …

Retirement Can Be Taxing

Wednesday, February 11th, 2015

Sounds like an oxymoron, right? When most people think of retirement, they envision a laidback, luxuriously glowing time in their lives. A time that is spent enjoying the things in life that matter most to you whether it’s travel, grandkids, …

Just Because Everyone Else is Failing at Retirement Literacy Doesn’t Mean You Have To

Friday, January 23rd, 2015

It’s fair to say that what grade you earn in a course is indicative of your interest in said subject. That ‘C’ in The Sociology of Fire correlates directly to how fascinating you found burning of forests was, just as …

When Retirement Goes Wrong, Can Anything Go Right?

Thursday, November 20th, 2014

When I help someone plan his or her retirement, we focus on two goals: Making the most of what they have, and protecting their interests should retirement not go exactly as they’d wish. That second part is becoming more and more important. Today’s retirees have more challenges than their …

Why Avoiding The Money Talk Can Leave Your Family Unprepared

Thursday, August 14th, 2014

Your adult children want to talk about your finances, says Fidelity’s 2014 Intra-Family Generational Finance Study. In fact, they want to talk about your money now, before you’ve even retired. Nearly 64 percent of parents and children disagree about the right timing for conversations about …

Millennials’ Mistrust of the Stock Market May Hinder Their Retirement Savings

Tuesday, June 17th, 2014

Millennials, Americans born during the 1980s and ‘90s, have good reason not to trust the stock market. After all, the economy crashed just as they were graduating college, forcing many to move back in with their parents and nipping their career prospects in the bud. Like the survivors of the Great Depression before …

Retiring Abroad: Affordable, But Not For Everyone

Wednesday, April 23rd, 2014

“I have a dream, MummyJi, a most brilliant one. To outsource old age! And it is not just for the British, there are many other countries where they don’t like old people too!”
– Sonny, The Best Exotic Marigold Hotel
If you haven’t seen the movie, The Best …

Who Gets What, When, And How Much? Planning for Blended Families

Monday, April 14th, 2014

Winston Churchill said second marriages are a “triumph of hope over experience.” And if hope has won the battle against your experience, there are a few issues you should discuss with your new spouse when you’re planning your retirement strategy. Second marriages can make retirement and estate planning a little …

Your Retirement Dreams are Unique – Your Plan Should Be Too

Friday, November 1st, 2013

People often spend more time contemplating which washer to purchase than they spend planning for their retirements. But even if they’ve sat down to plan the financial side, pre-retirees may not even think to consider what life will be like when they aren’t working. In fact, the possibilities are endless, …

How Expensive Is That First Year of Retirement?

Friday, September 27th, 2013

More expensive than you’d think, according to recent studies stating that the first year of retirement is usually pricier than predicted. While most retirement income calculators ask retirees to guess what they’ll need to spend to live comfortably, the first year of retirement doesn’t exactly adhere to rules of logic, …

Why Plan for Retirement When You Could Buy Lotto Tickets?

Thursday, August 29th, 2013

If you’re waiting on a miracle or a windfall to set you up for retirement – we truly wish you the best of luck. But even if you manage to inherit a million dollars or win the lottery, that is still no guarantee of a secure financial future. Here’s the …

What You Need To Know To Maximize Your 401(k)

Wednesday, July 31st, 2013

In 2009, nearly half of American workers participated in employer-sponsored retirement plans, including 401(k)s, 403(b)s and Thrift Savings Plans – according to the Congressional Research Service. We love 401(k)s for a number of reasons. For one thing, it makes saving for retirement easy and automatic. Set it and forget …

Great Expectations: 5 Ways Retirees Fool Themselves

Monday, July 1st, 2013

Boomers are entering their retirement years with a lot of assumptions – some well-founded, others not so much. But successful retirements are not built on guess work, historical fallacies, or hope. And you know what they say about the word “assume.” Here are our top 5 ways retirees fool themselves.

“I’ll …

10 Ways to Make or Break Your Retirement

Tuesday, June 11th, 2013

Life is what happens while we’re making other plans, and that is doubly true when it comes to planning your retirement. Half the battle is planning your retirement wisely, but the other half is overcoming obstacles that inevitably happen along the way. We’d like to share our top Makers and …

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