How Much Money Do I Need to Retire?
While the number of workers who report being confident about their retirement is greater than ever, the number of workers who have actually calculated what they need for retirement is significantly less. While there are many ways people attempt to calculate the number, there isn’t a one-size-fits-all for retirement as each individual has unique factors to consider. So […]
What is a Living Trust and How Can I Benefit From It?
You may have heard of a “trust” before, but you might still be wondering what it is and what it can do for you. Quite simply, a trust is a legal arrangement in which a person, called a trustee, controls property given by a second person, a trustor, for the benefit of a third person, […]
Best Practices for Managing Your Retirement Plan
It can be confusing to manage the assets in your retirement plan without any guidance, especially in times of financial uncertainty. When it comes to investing, stocks have historically outperformed other investments over the long term, making them attractive for staying ahead of inflation. However, the stock market has the potential to be extremely volatile. […]
How to Invest Tax-Efficiently
You may have heard of diversifying assets, but have you heard of tax diversification of your investments? Whether your goal for investing is saving for retirement, asset distribution, or simply turning a profit, everyone is looking toward a return. However, your return is only as good as the tax cost that comes with it, which […]
When Should You Refinance Your Home?
With a volatile market and shifting interest rates, you may find yourself asking, “When is the best time to refinance?” Recently, we’ve seen interest rates dip to an all-time-low only to jump back up again due to refinancing demand. When it comes to refinancing your home, it is difficult to predict market changes and pinpoint […]
What is an IRA Conversion and How to Make the Switch
A Roth conversion is a simple adjustment that turns your Traditional IRA into a Roth IRA. This conversion can provide long-term tax benefits. However, before you convert your IRA, it is important to understand if making the change is right for you. Is a Roth IRA conversion right for you?Though at the forefront, a Roth […]
A Guide To Navigating The Top 5 Investment Risks
Taken by itself, the word “risk” sounds negative. But broken down into what it really stands for in terms of investing, it begins to be a little more manageable. Long-term investing and diversification may be some of the most effective strategies you can use to help manage investment risk; however, neither guarantees against investment loss. […]
Get to Know the Four A’s of Cash Management
It’s no secret. The easiest way to be successful with a cash management plan is to develop a systematic and disciplined approach, that only takes a few minutes each week to maintain. Any good cash management plan revolves around the four A’s — Accounting, Analysis, Allocation, and Adjustment. Here is how the four A’s can work for you: Accounting quite […]
When Should You Start Saving for Retirement?
With the majority of Americans having less than $1,000 set aside for retirement, and almost half having nothing saved at all, the longstanding trend is to push off saving for retirement to meet shorter-term goals. It’s easy to think that you will begin to save for retirement when you reach a more comfortable income level, but […]