Rebuilding the Retirement Planning Buckets
As the COVID-19 pandemic swept the country, we first reported this event’s game-changing effect on retiree income, specifically for those who recently retired or were about to retire. Many individuals do not fully understand how the pandemic (and now the Ukraine invasion) has fundamentally changed retirement planning. Many who do, feel forced to take on […]
Top Non-Traditional Financial Planning Considerations
You decided that further development of the project is impossible without search engine promotion. We found a specialist, provided him with access…
The Best Way to Start Creating a Personal Financial Plan
You decided that further development of the project is impossible without search engine promotion. We found a specialist, provided him with access…
Pros & Cons of Becoming a Real Estate Tycoon
Almost everyone loves owning income-generating rental real estate, especially in those early retirement years. What’s not to love? It can provide consistent income, and you may even be able to enjoy it. Inherent benefits aside, it’s vital to understand when taking on such an endeavor that one treats it like a business. Because it is, […]
‘Qualifying’ Yourself for Long Term Care Insurance
Considering or not considering Long Term Care Insurance is a personal choice. By reading this article, you are saying you are open to the concept of Long-Term Care Insurance for later years in retirement. If you don’t believe in the idea, or the decision has already been made, then you can probably save yourself the […]
Touching The Retirement Accounts. Do’s & Don’ts
When changing jobs or retiring, it’s always prudent to consider all your options as far as employer-sponsored retirement accounts. In rare cases, it can make sense to do nothing, and leave the retirement account with the old employer. There can also be benefits to transferring the account to your new employer’s plan. And sometimes, it […]
Estate Planning: The Art of the Final Impression
Everyone needs an estate plan. And most people prefer the idea of loved ones remembering them in a positive light – not for estate planning missteps. The Estate Tax & The Marital Deduction As of 2023, every United States citizen receives an Estate Tax deduction of 12.92 million dollars usable over their lifetime. This […]
7 Steps To ‘Personalize’ Your Risk Tolerance
Investors likely don’t have just one risk tolerance – they have several. Our approach to solving risk is to develop a composite of different risk tolerance worksheets. The goal is to create a personalized risk tolerance. Using this simple step-by-step exercise, you will have a tailored investment philosophy that supports, synergizes, strengthens, and maximizes your […]
How To Budget a Sustainable Retirement
Developing an effective budget is one of the most avoided aspects of the financial planning process. However, a realistic sense of one’s budget is essential since it is only possible to determine the sustainability of a financial plan with one. Budgeting is tied to cash flow, so not having a reasonably accurate sense of expenses […]
Bucketing Bummer. The Retirement Rules Have Changed… Again.
COVID placed a ‘wedge’ in the retirement plans of almost all retirees. Far too many people I meet think of their money as one giant “lump.” If you think of it that way, then you are likely missing an opportunity to be efficient (and probably in multiple ways). You’re missing a “broad landscape” opportunity to […]