The Nuances of Distribution Planning for Pre-Retirees
Retirement savings accounts, such as 401(k)s, traditional IRAs, and Roth IRAs, are widely recognized as crucial components of retirement planning. However, the journey to a financially independent retirement continues beyond merely investing in these accounts. It’s equally essential to strategize how to withdraw these funds efficiently, considering factors like taxes, required minimum distributions (RMDs), and […]
Protect Against a Scorching Market and Weather
Intense summer heat and hot stock market both demand a careful approach As the first days of summer arrive, the nation finds itself in the grip of two concurrent heat waves: one from the atmosphere and one from the financial markets. While an intense heat dome blankets the Midwest and Northeast, driving temperatures to record-breaking […]
The Importance of a Mid-Year Financial Review
It is not just a routine task, but a strategic necessity to align with your goals As we reach the halfway mark of the year, it’s a prime opportunity to assess your financial planning goals and review your investment portfolio. This mid-year check-in is essential for ensuring that you stay on track to meet your […]
The Founding Fathers’ Guide to Financial Independence
“A penny saved is a penny earned.” This nugget of financial wisdom from Benjamin Franklin, shared in the late 1700s, remains as relevant today as it was then. Despite living in a different era, our founding fathers were remarkably insightful, including when it came to finance. While the concept of financial independence may vary for […]
What Kinds of Insurance Should You Have as a Small Business Owner?
As a small business owner, having the right insurance coverage can be the difference between success and bankruptcy. While your specific insurance needs may vary widely depending on the nature of your business, there are several types of insurance that can benefit just about everyone. Below, we explain six of the most critical types of […]
Retirement Planning: The Ultimate Endless Summer Adventure
If you’re like some, you may have spent large parts of your working life missing the carefree summer days of your childhood. That is, of course, assuming you had a happy childhood. If not, try to imagine how it might be if your childhood was idyllic. And what if you knew of a few things […]
The Strong Dollar: What Travelers Need to Know
Planning and budgeting tips to maximize your summer travel experiences Vacation travelers, get ready for some exciting news! If you’re planning a trip abroad, this year might be one of the best times to do so. The U.S. dollar is experiencing a remarkable surge, strengthening against nearly every major currency around the world. This development […]
Don’t Get a D in Debt Management: Debt-Smart College Planning for Parents
The time has finally arrived: your child is preparing for college and getting ready to take that next big life step. It is an exciting time, but for many parents, the financial responsibility and impact on their wallets can be crippling. According to a CNBC report, over the past 20 years, tuition and fees have […]
4 Tips for How to Set Up a 529 Plan to Benefit Your Business
529 education savings plans allow families to put away money for their children’s education without paying taxes on the earnings, as long as the withdrawals are used for qualified educational expenses and fall within the applicable annual limits. While many people may already have these set up for their children or grandchildren, they also make […]
The DOL’s New Fiduciary Rule: What it Means for Your Retirement Savings
The Department of Labor’s fiduciary rule has undergone several revisions throughout the years. The latest amendment aims to ensure that financial professionals consider their clients’ best interests when recommending retirement investments, products, and services. Back in 1975, when the regulations were first introduced, individual retirement accounts (IRAs) were in their infancy, and 401(k) plans didn’t […]
