Early, Mid, and Late Retirement: The Guide to Planning and Taxes
If you read our earlier guide on pre-retirement, you know that a lot of thought goes into planning for these later phases before you reach them. Now let’s get into what to expect and how to plan for your early, mid, and late retirement. Early Retirement (Early 60s) During early retirement, your income should be […]
Pre-Retirement: A Guide to Planning and Taxes
So you’re ready to retire and enjoy your reward after years of work. Congratulations! The good news is if you’re like many people, you’ve prepared for this moment by funding retirement accounts over your career so you can supplement your Social Security payments. The bad news is taking money from those accounts in distributions is […]
A Guide to Investment Risks and Your Risk Tolerance
Table of Contents In a financial landscape filled with uncertainties, managing risks becomes an indispensable part of building a secure future. This comprehensive guide aims to shed light on different types of investment risks and effective strategies to mitigate them. Whether you’re an investment novice or a seasoned veteran, understanding the subtleties of risk management […]
Concentrated Stock Positions – Considerations and Strategies
A client came to me for advice because they were nervous about a large stock holding they’d recently inherited. This was a savvy client, someone who knew about diversification, and the concentration of so much money in one place was keeping them up at night. I walked them through the options open to them and […]
Preparing Heirs for Their Inheritance
Inheriting money can be a dream come try by unlocking new opportunities and removing some of life’s stumbling blocks, but it can also be a burden for the unprepared. Knowing what to do with the money they receive can be stressful for your heirs, since they may be confronted with unique challenges they’ve never considered. […]
The Family Guide to Savvy Generational Planning
No one enjoys facing end-of-life choices for their loved ones. Past generations found it so painful that they often kept their affairs private until their will was read, which led to even more pain after there was any hope for making a change. Avoiding this topic is easy, but is often harmful. Inheritors don’t want […]
5 Smart Investing Principles
There’s no shortage of DIY investing advice online, especially with what’s going on in the market. Unfortunately, a lot of this advice can be confusing because they express opposing viewpoints or introduce complex ideas without expressing the foundations they’re built on. For example, you aren’t proficient in driving without first learning some key principles like […]
10 Years and Counting – Points to Consider as You Approach Retirement
If you’re a decade or so away from retirement, you’ve probably spent at least some time thinking about this significant life change. How will you manage the transition? Will you travel, take up a new sport or hobby? Will you spend more time with friends and family? Will you continue to work in some capacity? […]
7 Tax Investment Mistakes
The tax code is dense and complicated, and it’s easy to make mistakes. Even if you do everything else right, making only one or two tax mistakes can cost you a fortune. In this article, I’m going to show you a few simple solutions to help you avoid the most common tax mistakes people can […]
5 Keys to Investing for Retirement
Retirement is good and admirable if you have two essentials – much to live on and much to live for. But sometimes, it can be overwhelming to decide on one’s retirement account when preparing for retirement. You may feel this way because you feel you have little knowledge of investments. However, your feelings are understandable. […]