When it comes to finances and saving for retirement, debt really is a four-letter word. High-level business negotiations might talk about “good” or “bad” debt, but it is never a bad idea to keep your personal debts low so you can keep more of your hard-earned money for yourself. By...
The thought of retirement could bring any number of images to your mind. Have you always wanted to visit far off cities or countries? Are there friends and family you will now have the availability to see and enjoy quality time with? What about a hobby that you can commit...
As people near or transition into retirement, there can be a drastic change in terms of the sources of their income. Inevitably, that also leads to a new landscape of taxes possibly taken out of withdrawals from retirement accounts or from gains realized by cashing in on investments. Consider these...
“Anyone may so arrange his affairs that his taxes shall be as low as possible, he is not bound to choose that pattern which will best pay the Treasury; there is not even a patriotic duty to increase one’s taxes.” – Judge Learned Hand – Helvering v. Gregory, 69 F...
Having a reliable and steady stream of income can be a game changer in one’s retirement, but it is not the only way to provide yourself with an income. Many retirees prefer to invest their money during retirement to continue to grow their assets. There are all kinds of different...
It’s nearly impossible to know how much money you’ll have in your pocket until you know how much money you’ll need. Retirement is meant to be enjoyed and full of new adventures like traveling the world and simple pleasures like spending time with the grandkids instead of clocking into work....
In a perfect world, we would all know the exact sum we will receive in retirement from all our different retirement savings accounts and income streams. We would not lose a wink of sleep wondering if we will have enough to last our lifetime. Unfortunately, reality is different. However, there...
A secure and steady retirement strategy is what we all desire. However, it is very important to start with a strong foundation! You must consider the 5 pillars of financial and retirement literacy as you create your plan. At Welcome Home Financial Partners, we lead our clients through these pillars...
When you set out for a road trip, you probably need some sort of navigation device to help you get to your destination, right? The same can be said for planning a successful retirement. A financial strategy is a roadmap that helps you along your financial journey. It accounts for...
As we conclude our series on retirement concerns that you do not have to fear, it’s time to discuss a topic that none of us can control but can prepare for: changes in the stock market. If you’re like most Americans, you likely have much of your retirement income tied...