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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Many physicians worry that their current retirement plan does NOT meet their retirement savings goals. Physicians, along with the retirement committee members, want to have larger tax deductions and accelerated retirement savings. They are looking for a plan that’s more reliable, safe and has the potential to more than double their tax-deferred contribution amounts and […]
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Why don’t more dentists set up plans or upgrade their current plan to take full advantage of larger tax deductions and accelerated retirement savings? The answer is misconceptions that include: 1. “Retirement plans are too expensive to set-up and administer.” 2. “They’re too complicated.” 3. “I have to make a contribution every year.” 4. “I have to provide […]
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How Permanent Life Insurance can act as a backstop for Retirement Needs Had a client who had saved money into a qualified plan for his retirement income needs. The client also had a need for more life insurance to give to his children additional financial protection. Ultimately a permanent life insurance policy was able to […]
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Strategies for “Retirement Transition Tax Planning” so, you don’t end up stuck in a higher tax bracket & the “Tax-Free Investment” Most people believe that when they retire, they will be paying less taxes in retirement. Without the proper planning ahead, you could potentially pay more than. You don’t want that to happen, do you? Taxes in retirement […]
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Peter Lynch, one of the most successful investors of all me, said it best: “Far more money has been lost by investors preparing for corrections, or trying to anticipate corrections, than has been lost in corrections themselves.” 1. Corrections Happen A “correction” is defined as a drop of 10% or more inthe value of an […]
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Corrections are normal, but FEAR usually takes over when the major averages, along with your portfolio, start to drop. If you’re approaching retirement or already retired there’s a lot more to be concerned about so avoiding major market downturns is more important than achieving gains. Please review the chart below as an important reminder how […]
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