How do catch-up contributions work?
Not everyone is able to max out their retirement contributions in the early years of their career. As retirement approaches, that can leave you feeling like you’ve fallen behind on saving. But when you turn 50, the IRS allows you to start catching up. Catch-Up Contributions You can contribute up to a certain amount, determined…
How Life Insurance Can Protect Assets
After years of working hard to accumulate wealth, you want to know that you can protect what you have built. How can insurance be a strategic tool for safeguarding your assets? Here are a few ways a life insurance policy can help: Life insurance is one part of the important process of estate planning….
Protect Your Wealth for the Future
Economic uncertainty is a part of life. Markets can be unpredictable day-to-day, let alone years into the future. That uncertainty is one of the many reasons people want to start estate planning, so they can protect their loved ones and leave a legacy. Protect Your Assets Protecting your assets is the ultimate goal of estate…
Make Your Donations Strategic
As you build your wealth, you might be thinking about ways to give back. Charity is a valuable way to support causes important to you. Learn how charity can become a part of your financial strategy. How Charitable Giving Can Work for You Charity is a generous act, and financial planning can help maximize the…
How to Plan Your Retirement Withdrawals
You’ve worked hard to save up for your retirement. Understanding the rules and tax obligations for withdrawals can help you decide which retirement accounts to withdraw from and when. Traditional IRA When should you withdraw funds from your traditional IRA? It depends on your age and your unique situation. If you withdraw funds before you…
How to Find an Old 401(k)
Many people change jobs several times throughout their careers. Each new job can come with a new 401(k), making it easy to lose track of retirement accounts over the years. If you lost track of a 401(k) at some point, it might still be maintained by your previous employer. It’s also possible that the account…
Pros and Cons of Delaying Benefits
You can start claiming your Social Security benefits when you turn 62, but you also have the option of delaying your payments. What are the potential benefits and drawbacks of waiting until your full retirement age, or delaying benefits until you’re 70 years old? Here are a few pros and cons to consider: Pro: You…
Franchising as an Investment Option
As a consumer, you’ve probably visited a franchise at least once in the last month. But have you ever thought about owning one? If you’re the entrepreneurial type and looking for a career change or another income stream, it might be worth considering. This kind of business venture allows you to be your own boss…
How to Review Your Finances Midyear
No matter how much fun your summer is shaping up to be, it’s no time to put your finances on pause. Take a look at the past six months to gauge how you can adjust your strategic or tactical actions to ensure you’re making steady progress toward your financial goals. Check In With Your Cash…
5 Pilgrimages to add to your bucket list
Looking for a vacation that offers a spiritual break or the opportunity for introspection? Embarking on a pilgrimage where you walk historic paths and visit sacred sites may be the perfect vacation alternative. Here are a few historically significant options, whether you’re looking to go near or far. International Destinations Taking the time to explore…
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