When selecting a financial advisor to work with, it is important that your advisor is someone that you can trust. Building and maintaining the relationship with your trusted advisor can be extremely valuable. If you currently work with an advisor, make certain they are fiduciary licensed. As a fiduciary advisor, they have an obligatory duty [...]
One of the biggest falsehoods about retirement is that it’s a time when you have no further obligations. While it’s true that you may not have to go to work, you still have some serious responsibilities that can’t be ignored. One of those obligations that sometimes catches retirees by surprise is the Required Minimum Distributions, [...]
If you were lucky, you had a mentor early in your career. A role model may have been someone to look up to, but a mentor invested his or her time and knowledge in your development. A mentor is someone who has traveled the path before you and offers guidance on similar types of situations [...]
As if Basis Tax Law weren’t confusing enough, now I’m talking tax flavors? This may seem basic, but many people still struggle with understanding the basic definitions of tax ramifications. The four flavors of tax: A tax deduction is not a tax credit.This is the most common misconception I hear. For instance, how many times [...]
There are certain times in life when you feel really vulnerable as a consumer. These situations usually involve a specific area of expertise that the general public might only have surface-level knowledge. At some point or another you may find yourself at the mercy of a plumber, electrician, contractor, mechanic, jeweler, or anyone else with [...]
More than likely, Social Security will represent a portion of your monthly retirement income. But, how big of a role will it play in your overall retirement strategy? While Social Security won’t provide for your entire income in retirement, it can help supplement it in certain areas. So, make sure that you include a plan [...]
You’ve worked hard your entire working career to save enough money for retirement, but will it be enough? Did a simple mistake along the way crush your savings? Almost everyone has heard, at least once in their life, the phrase “a penny saved is a penny earned” but not too many people have actually lived [...]
In the olden days, retirement planning used to be much easier. You worked hard and for long enough to be eligible for a pension, saved a little along the way, and were well taken care of by the government. Nowadays, retirements last longer than ever and many Americans are struggling to save enough in order [...]
You’ve worked hard your entire working career to save enough money for retirement, but will it be enough? Did a simple mistake along the way crush your savings? Almost everyone has heard, at least once in their life, the phrase “a penny saved is a penny earned” but not too many people have actually lived [...]
Achieving your retirement and financial goals for yourself can be a challenging task. Then, once you add in the goals for your significant other, it can put an entirely new twist on your retirement strategy. Whether you’re newlyweds or celebrating another milestone anniversary, there are some important conversations that you may want to consider having [...]
