Retirement Planning

What if 1 Million Dollars Isn’t Enough to Retire?

If you are headed toward retirement soon, or you have just retired, you may find yourself wondering, "Is my nest egg enough?" It's a common question and one that causes a lot of people a lot of reasonable anxiety. Because retirement finances are much more about prediction than they are about facts and assurances, it [...]

By |2023-07-11T19:02:02-04:00April 17th, 2023|Retirement Income, Retirement Planning|

Navigating Retirement as a High-Net-Worth Individual

For high-net-worth individuals and families, retirement is a significant shift. A high-net-worth individual, also known as an HNWI, is typically someone with at least $1 million in cash or assets that can be easily converted into cash, including stocks, bonds, mutual fund shares, and other investments.[1] As an HNWI, you may not be too worried [...]

By |2023-07-11T19:03:04-04:00April 3rd, 2023|Financial Planning, Retirement Income, Retirement Planning|

Putting Together the Puzzle Pieces of Retirement Planning

Over the course of your life, you have probably acquired several different retirement accounts, and you have likely considered many kinds of retirement strategies. The key now, if you have recently retired or you are about to retire, is to start putting those different pieces together to form a complete picture of what you have [...]

By |2023-07-11T19:03:38-04:00March 13th, 2023|Retirement Planning|

Secure Act 2.0 Passes Congress: What You Need to Know

Exciting news! The US Congress has approved the SECURE Act 2.0 under an omnibus act, which involves a series of alterations to the retirement system. These modifications are an extension of the Secure Act of 2019 and are contained in the $1.7 trillion omnibus bill, which is anticipated to get signed into law by President [...]

By |2023-07-11T19:09:38-04:00January 17th, 2023|Government, Retirement Planning|

2 Ways the 2022 Economic Woes Affected Your Retirement Accounts

The 2022 economic climate has been bumpy for most and, in some cases, even bumpier for retirees. Americans and the world at large dealt with the economic ramifications of the Russia-Ukraine war, post-pandemic industrial effects, and rising inflation and interest rates. As the year ends, it's important to understand how these economic factors may have [...]

By |2023-07-11T19:12:15-04:00January 9th, 2023|Retirement Planning|

Turning 59.5? Here are the Factors to Consider

Approaching 60 is an exciting time. Not only does it come with more wisdom and thrill for a new chapter of life, but it also presents important financial decisions that can affect your life in retirement. If you are turning 59.5 this year, you will become eligible to withdraw from your retirement accounts without penalty. [...]

By |2023-07-11T19:13:01-04:00January 2nd, 2023|Retirement Planning|

The Value of Opening a Roth IRA at the End of the Year

These days, retirement planning will likely involve Individual Retirement Accounts in one way or another. Whether you’re looking to roll over a 401(k), optimize your withdrawal timing, or take advantage of catch-up contributions, your IRA strategy may be one of the main components of your income strategy. So, let’s talk about the Roth IRA and [...]

By |2023-07-11T19:21:36-04:00November 28th, 2022|Investment Strategies, Retirement Income, Retirement Planning|

Thinking About Retirement? The Basics of Financial Literacy Are Your North Star

Working towards retirement, you may have a detailed plan on how to manage your finances so that you have enough saved by the time you leave the workforce. With no external income coming in, there will be a new rulebook on how to manage your retirement earnings, expenses, and investments – not just so that [...]

By |2022-11-21T15:35:21-05:00November 21st, 2022|Financial Planning, Retirement Planning|

Making the Switch to Paying Yourself

You’ve probably had a daily routine for most of your life – from tying your tie and greeting your coworkers to loosening that tie when you get home. When thinking about retirement, not only does your daily routine change but your financial routine does too. In your working years, you made sure to have a [...]

By |2023-07-11T19:21:45-04:00November 14th, 2022|Financial Planning, Retirement Income, Retirement Planning|
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