First, business succession is challenging. Most of those with no plan (78%) blamed their lack of planning at least partially on enjoying “managing their company too much to start thinking about a future transition,” while 42% said they were too busy to plan, and 44% felt that succession was “too far in the future” to […]
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Bottom Line: The amount of income you can generate now may not be enough to support a comfortable retirement. Even the most disciplined investors may be in for a shock when faced with the price tag of a comfortable retirement. That’s because the future will most likely be a more expensive place — and you […]
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Medicare Resource Guide Questions to Consider When Making Medicare Coverage Decisions When you are choosing between Original Medicare and Medicare Advantage, or among Medicare Advantage Plans, here are some questions to keep in mind. Providers, Hospitals, and Other Facilities • Will I be able to use my doctors? Are they in the plan’s network? […]
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In this investor blog we will discuss the Short History of S&P 500 Declines of 10% or More How Low Can The S&P Go? The S&P 500 has experienced 95 corrections of 10% or more since 1928. The average correction has declined -27% from peak to trough although the median correction amount is only -16.4% meaning […]
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Let’s be honest, retirement planning can be complicated. It’s important to ask the right questions so you can set yourself up for success. Unfortunately, too many investors procrastinate and say “I think I’m doing ok”. The truth is there are real fears that investors face. Here is an article on that subject Most Common Fears […]
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First off, what is Tax Diversification? Tax diversification is the practice of diversifying assets across different account types with varying tax characteristics. Since tax policies are always changing, tax diversification provides the flexibility to withdraw assets from optimal sources at preferred times to help preserve retirement assets. This strategy can help protect against higher tax rates […]
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The bigger picture of your wealth is about what works best for you and your family. Whether you’re approaching retirement, already retired, planning your legacy, or making an investment. With all that being said, having a retirement plan will help you on your financial journey. That starts with a conversation and a qualified financial advisor […]
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Many top executives, the leadership team, and important mid-career key employees worry that the current retirement plan program does NOT meet their retirement savings goals. There are 4 main problems with this scenario. One, is that you can max out on a 401(k) plan even if you’re over 50 and have a profit-sharing plan in […]
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Continually evaluating how much it will cost you to live comfortably in retirement can help to make sure you are saving enough over time. Let’s face it, planning for retirement is a long process and over the years, your goals, dreams, family, and current situations can change (Like COVID-19) so don’t waste time, act now. If your […]
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Many lawyers worry that their current retirement plan does NOT meet their retirement savings goals. Attorneys, along with their partners, max out on their traditional 401(k) contribution. Even with the 401(k) Profit Sharing contributions they can max out around $64,000 and may not be enough. They want to have accelerated retirement savings, larger tax deductions and continue to offer excellent benefits for […]
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