Almost 12.5 million Americans change jobs every year, according to Retirement Clearinghouse via Forbes, and have to figure out what to do with a company-sponsored retirement account. If you are like a lot of people, most of your job changes have come at a hectic time. Either you left on your own because of a …
retirement planning
How Much Can I Spend in Retirement?
As people move from working to retirement, they face a number of challenges in adjusting to their new life. But most don’t expect spending money to be one of them. Many families have been saving for retirement for decades. And now that it’s time to finally spend that money, they often don’t know how to …
Planning for your financial goals
Most folks don’t have a financial goal at all. Many feel their true financial goals are unrealistic, or they don’t see a path to achieve them. But putting goals into words can be the first step toward a sound financial future. For years, I’ve been told that simply writing goals down on paper can be …
Thinking about retiring? Do some planning.
You don’t get a haircut just once. Things change and evolve, adjustments need to be made on a regular basis. It’s the same way with your financial game plan. Financial planning is a process, not an event. Let me tell you about Larry and Jane. Larry and Jane wanted to retire and move to Florida, …
I just inherited one million dollars. Now what?
It’s usually a pipedream people entertain to explain why they aren’t working on their financial plan today: “As soon as I win the lottery…” “When I get my inheritance…” “If only I had a million dollars…” Such wishful thinking is not a replacement for a solid retirement savings plan. However, every so often someone does …
Regularly Reviewing Rules Around Your Homestead
Depending on the state that your farm resides, there may be legislation in place that could help your homestead property financially. For instance, in the state of Minnesota, a special law provides an estate tax exemption for agricultural homestead property. Without the assistance of a financial advisor, you may completely miss this way for your …