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...
Budgeting and saving are things we have all heard about since we were children. It could be putting something away for a rainy day or building toward the dream of many days spent on sunny beaches. Whatever the reason, one of the best ways to prepare is to gain knowledge...
When considering retirement – whether it is already upon you or still years down the road – one of the most important tools to equip yourself with is knowledge. Your income or expenses may rise or fall and markets will go up and down. These are some examples of uncontrollable...
This time of year brings about calls for spring cleaning, but those who stay on top of things throughout the year need only to tidy things up a bit. The same can be said for your finances as you prepare for or enter into retirement. Make a ‘To-Do’ List Having...
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...
Rarely does a year go by without changes to the federal tax code and 2024 is no exception. It is important to stay up to date on tweaks to the process with each passing year to put yourself in the best position to help maximize your return or help minimize...
As we conclude our New Year Financial Readiness Series, let’s focus on investing for a wealthy future in 2024. Strategic investments can pave the way for long-term financial success. Here are key considerations to shape your investment strategy: Review Investment Goals Reflect on your financial aspirations and align your investment...
We want to bring your attention to a valuable tool that can help you manage healthcare expenses in retirement: Flexible Spending Accounts (FSAs). For those of you who already have an FSA, remember that December 31st is the deadline for spending the funds within that account. For those of you...
As part of National Financial Planning Month, we’re focusing on a fundamental aspect of successful investing: risk tolerance. Understanding and assessing your risk tolerance is crucial for constructing an investment portfolio that aligns with your financial goals. Here are some tips: Investing with confidence begins with understanding your risk profile....
Happy National Financial Planning Month! This week, we are delving into an important aspect of financial planning: taxes in retirement. Properly managing your tax obligations during your retirement years can significantly impact your financial well-being. Here are some tips to help you navigate this complex terrain: Stay tuned for more...