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…
Retirement Savings Mistakes to Avoid
A long-term savings strategy like planning for retirement relies on small steps taken over an extended period of time. Make sure you’re on track by avoiding these common mistakes. Underfunding Retirement Accounts Are you among the 71 percent of Americans who aren’t putting enough away for retirement? The most effective determining factors of a well-funded…
Unusual Hotels Around the World
Vacations allow you to escape the routine of your everyday life. Making the most of your time away from home is up to you. If you’re interested in springing for once-in-a-lifetime hotel accommodations, here are a few unusual options. Relax in Luxury Looking to indulge beyond the traditional hotel and continental breakfast? A well-appointed retreat…
Where to Retire
If you’re like most of our clients, you’ve thought long and hard about the financial aspects of your retirement. You’ve likely worked hard and saved diligently. But, retirement for each person is different. Perhaps you plan on a working retirement with a new job and less stress, focused on what you love. Or, perhaps you…
Orderly Savings
Depending upon your circumstances and everyone’s is different, the order that you prioritize for investing may vary. However, in general most people should prioritize investing for the short-term and then the long-term. Short-term investing, which I prefer to call savings, is most commonly for an emergency fund. An emergency fund is basically a small accumulation…
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