Most people have a lot pre-conceived notions about retirement—some of them true, some of them false. I put together a list of 10 of the most common ones I hear on a daily basis so you can test your knowledge about how to put yourself in a great position to retire in comfort and grace. …
CERTIFIED FINANCIAL PLANNER™
When do I need to do a required IRA distribution?
Most retired folks know that IRS rules require owners of retirement accounts to take distribution when they reach a certain age. It’s called the Required Minimum Distribution or RMD. But sometimes people get some of the details wrong. So here are a few things to remember about RMDs Getting the RMD wrong can sting If …
When Do Most People Retire?
Traditionally pension plans paid out at age 65. You can thank the “Iron Chancellor,” Otto von Bismarck of Germany for that. When he introduced a social security system to appeal to the German working class and combat the power of the Socialist Party in Germany during the late 1800s, he set the retirement age at 65. This …
What Happens if My Financial Planner Retires?
Financial planning is about thinking ahead, prudently planning for the future. With that in mind, it’s only natural that from time to time you might ask the question: “What happens when my financial planner retires?” Or you might as the question: “What happens if my financial planner gets hit by a bus?” What should I …
What is an Independent Financial Planner?
When you visit a Ford dealership and look at cars, do you ever expect the new car advisor to suggest that a Toyota might better meet your needs? No. Everybody knows that the “advisors” at a car dealership work for the dealer and are trying to help you buy one of the cars the dealer …