Sunwook Jin, CFP®, CRPC®, CMFC®, EA When we think about retirement, we pay attention to only the financial aspect of it most times. How much will we need per month? How much do we need to save? Will we have enough? The truth is retirement is more than just those questions. You also want to … Continue reading You Want to Retire, But Are You Mentally Prepared?
Sunwook Jin, CFP®, CRPC®, CMFC®, EA Lottery winners who go broke, you've heard the stories. You read about it, and it's hard to fathom how that could happen. We can dive into that topic in a different post but successfully transferring wealth across generations (or trouble doing it) is an equally challenging concept to grasp. … Continue reading Will Your Wealth Last Multiple Generations?
Sunwook Jin, CFP®, CRPC®, CMFC®, EA When we get repeat questions from different clients, we realize it is a hot topic for people. One topic that has been brought up a lot recently is Medicare. Before we get into how it affects you, let's look at what has recently happened to Medicare premiums to understand … Continue reading Updated Medicare Numbers and How it Affects Your Retirement
Sunwook Jin, CFP®, CRPC®, CMFC®, EA In its simplest form, a retirement plan can be split up into two parts, the accumulation phase, and the distribution phase. The goal is that you start early in the accumulation phase, so you don’t need to skimp on the distribution phase. If you plan very well you may … Continue reading Could Your RMD Age Be Pushed Back Again?
Sunwook Jin, CFP®, CRPC®, CMFC®, EA Roth IRAs can be a tremendous tool to give you flexibility in your journey to retirement. Creating some tax-free income in retirement allows you to be strategic with the amount of money you take out of your taxable accounts. New presidents (with the help of Congress) can always try … Continue reading I Contributed Too Much to My Roth IRA, Now What?!?
Sunwook Jin, CFP®, CRPC®, CMFC®, EA When you think about any successful venture it’s common that you only pay attention to the end result. Watching professional golf is a terrific example. When you watch a professional golfer hit a pristine golf shot it’s easy to say “that was a great shot.” Do you know why … Continue reading Why Do You Need to Plan for Retirement?
Sunwook Jin, CFP®, CRPC®, CMFC®, EA Money plays a significant role in our day-to-day lives. We work for it, we use it, we like to talk about it, but how often have you actually sat back and thought of the different things that you can do with money. What is the first use of money … Continue reading What Can You Do With Your Money?
Bob has been a successful blue-collar business owner for the last 25 years. He runs a prospering one-person mechanic shop generating high income. During his time as a mechanic, he has bought some commercial properties. His wife Nancy built her career around caring for children. After taking time off work to raise their four children, … Continue reading Case Study: Meet Bob & Nancy
Sunwook Jin, CFP®, CRPC®, CMFC®, EA When planning to retire we always hear the term “able to.” “Hopefully, we’ll be able to retire”, “I want to be able to retire on my terms” phrases like that. We know that we need to save money and have it grow but we don’t always know if we … Continue reading Retirement Preparation Mistakes
https://youtu.be/w5pm4An96u4 need some individual help? Schedule a discovery call, today! When the market starts to go down, it can be hard to keep emotions out of your decision-making. The money you have worked hard for starts going down and irrationality sets in. You tend to think worst-case scenario. “If the market is down 10% in … Continue reading 3 Tips In Down Market