Building Healthcare Costs Into Retirement Planning
Planning for your future healthcare needs can be like pulling teeth, especially when you need to involve your financial advisor. But with expenses rising, you’re not planning for your retirement if you don’t consider potential costs and how to avoid them. Healthcare costs are rising in a trend that you can safely expect will continue, […]
Cracking the Nest Egg: When Accumulation Becomes Distribution
Leaving the workforce to live off your savings is an adventure. It’s exciting and nerve-wracking all at once. If you want to take the plunge and enjoy the experience, you’re going to want a stalwart guide to help you prepare for and navigate through the ups and downs. Retirement planning can be easy during the […]
10 Terms Every Investor Should Know
A friend of mine reached out to me recently because he was interested in investing some of his funds in preparation for his retirement. I told him how that was a good thought on his part, and we continued the conversation until I began mentioning some investing terms he was unfamiliar with. He paused and […]
How to Find a Financial Advisor
If you’re planning a trip, you’re not likely going to just buy a ticket and leave. You could do that, but you’re just as likely to run into a wild series of problems as you are to have a good time. That’s because having a good trip takes proper planning, and so does securing your […]
5 Things You Can Do With an IRA That You Can’t With a 401(k)
A client retired recently and called to thank me. She’d had the same 401(k) account for years before I convinced her to branch out. At the time, she’d figured it was best if she ignored what was going on in her retirement account. Out of sight, out of mind. She thought if she got involved […]
8 Timeless Principles of Investing
Investing has never been more important, more in vogue, and more treacherous. It seems like everyone has their ideas about what works and what doesn’t in the markets, and with so much riding on your savings doing well, it’s easy to feel lost or go astray. I manage investments and advise clients about them every […]
5 Big Mistakes Executors Make and How to Avoid Them
A client of mine recently came to me for advice. He’d just been named the executor of a friend’s estate and though he’d accepted the job with a lot of joy, he confided in me how nervous he was. It was a huge honor, but he’s a smart guy. He knows what a giant responsibility […]
Shapes of Economic Recovery
The National Bureau of Economic Research, or the NBER, announced on June 8, 2020, that February of that year marked the beginning of a recession. The NBER defines a recession as “a decline in economic activity that lasts more than a few months.” Another common definition of a recession is two or more quarters of […]
How Tax Planning Changes Through 4 Stages of Retirement
Every year, more clients are shocked by how much they have to pay in taxes. Whether it’s their IRA, 401(k), or another tax plan, they seem less prepared every year, and that’s understandable. Everyone knows the tax code is a convoluted mess, but few realize just how many hidden penalties lurk in the paperwork and […]
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