The years are flying by and retirement is approaching faster than one can imagine. Many people start saving for retirement in their early 20’s, they even start financial plans for preparation. However, you are no longer in your twenties, you are 5-10 years away from retirement. Do you know what you should be doing? First,… Read More
Does your employer offer a retirement plan option? Do you contribute to it? Do you understand how it works? I have experienced much confusion about a 401(k) plan. If your employer provides one, or if you are an employer considering adding one, look over this quick guide for common areas of confusion. What is a… Read More
A common phrase heard in the financial industry that clients ask is “What rate is your IRA?” When we hear that, we know there is some explaining to be done. A Roth IRA isn’t an investment in itself. It is a tax advantaged account that can hold several different investments inside of it. The title… Read More
Many individuals invest vaguely for the future. They know they need to build up money for retirement, but when it comes to how much they will need or how they will do it, they are not certain. They will “wing it,” hope for the best. How do they recognize they are sufficiently adding to their… Read More
A major issue in estate planning is whom to name as beneficiaries on life insurance policies, pension plan accounts, IRAs, and annuities. This important decision often doesn’t consider the substantial estate and income tax consequences the beneficiary may incur. So, before you name a beneficiary, you may wish to gain a basic understanding of beneficiary… Read More
Growing up, I loved playing video games. One of my favorite games was the Galaga, developed and published by Namco. The game puts the player in control of a 2-dimensional spacecraft which is situated at the bottom of the screen fighting off the enemy aliens arriving in formation at the beginning of each level. Every… Read More
The many concerns keeping people up at night include what will taxes be in the future? What will my income need to be to give me enough cash flow for my lifestyle? The tax- free advantages of a Roth IRA may be an option. When opening a IRA amount for future retirement income, there is… Read More
I have spoken about many things that may keep people up at night regarding their finances: making sure there is enough money, outpacing inflation so your money extends far enough. The financial concerns can seem endless. Putting savings on autopilot is a great way to know you are saving and preparing for emergencies and the… Read More
Creating a financial plan and sticking to it helps pave the road for the family’s future. It is analyzed and adjusted through the years to address changing needs as time moves ahead. What happens to everything when an unexpected loss occurs in the family? Is your family protected for the unexpected? When a family loses… Read More
Create a will if you do not yet have one. A valid will may save your heirs from some expensive headaches linked to probate and ambiguity. A solid will drafted with the guidance of an estate planning attorney will likely cost you a bit more than a “will-in-a-box,” but may prove worth the expense. Complement… Read More