Now that you are a “certain age” you may find yourself thinking about retirement, or as I like to call it, the day you quit working for money and start working for fun. These days, retirement is trickier than it used to be. Many of us will live substantially longer than our parents and we …
retirement planning
What can you expect in the first meeting with your financial planner?
Your first meeting with your new financial planner is an important event. This is the person you’re trusting to advise you on matters that will materially affect your life and the lives of your family members for years to come. A productive first meeting is important to starting the relationship off right. Here are some …
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8 Important Tasks For Your Financial Plan Before Year End
Year end marks several important deadlines that you don’t want to forget. If you fail to meet these deadlines, you will lose out on the benefits for this year. Here are eight important tasks to take care of before Dec. 31, 2018: Max out your employer-sponsored retirement plan. If you still working you need to take the free matching funds …
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What’s a Financial Planner Worth?
If you ask me, my services to my clients are priceless, but I know that’s not a very satisfying response. The true answer for your family of how much return on investment you get from a financial advisor will, of course, depend on your specific situation. Here are some thoughts on how to answer this …
Five Things to Know About Your 401(k) in a Divorce
Retirement accounts are often the largest asset a person owns, so it’s no surprise that they routinely get split as part of a divorce settlement. But under law, a retirement account is the property of the “worker” and can only be assigned to somebody else under specific conditions. In a divorce, the process of “splitting …
Can I Retire Early?
As always, whether or not you can retire early depends on your situation. How do you want to live in retirement? How much do you have saved today? How long do you plan to live? When I was a young person just starting out in my career, it was the mid-1980s. Inflation was high and …