Every year, America’s seniors lose $36 billion to financial elder abuse, a term that covers scams, frauds, theft by family members, and caregiver exploitation schemes which specifically target adults over the age of 50. The American Bar Association calls it the crime of the 21st century, an epidemic which the Executive Director of the National …
The SEP IRA is the redheaded stepchild of retirement accounts. Less common than traditional and Roth IRAs and lacking the corporate glamor of a 401(k), SEP IRAs are a frequently forgotten, yet highly effective path to retirement security. Could a SEP IRA be right for you? What is a SEP IRA? Part of the …
Retirement can be one of the most exciting—and daunting—transitions you experience. You’ve put in your time at the daily grind, hit the peak of your career, and begun to wind down. Hobbies, projects, vacations, and family connections that you’ve set aside in the last few decades begin to beckon. But it isn’t all iced tea …
Continue reading “How Should I Prepare for Retirement? Try These 6 Tips”
Estate plans aren’t just for the private jet and Cristal set. In fact, estate planning can benefit anyone who intends to leave assets to family, friends, or a favorite charity after their death. From preventing family feuds to protecting your privacy and avoiding probate, an estate plan can help your heirs for years after you’re …
Continue reading “6 Reasons Why You Really Do Need an Estate Plan”
The benefits of mindfulness are well known. With regular practice, mindfulness can lower our stress levels, help us sleep better, and lengthen our attention-spans. However, paying attention to our thoughts and actions does more than boost our physical and mental health; it can also be good for our wallets. Use these four strategies to practice …
Continue reading “4 Ways to Practice Money Mindfulness in 2019”
Taking a summer vacation? You’ve probably been planning for weeks or even months! But are you giving your finances the same attention? A recent survey found that more Americans are concerned about affording vacations than saving for retirement. The way we see it, though, retirement is the ultimate vacation: you choose how you spend your …
In war, the injury of non-combatants is called “collateral damage.” Now that the trade war with China is official, American investors are going to feel it in their retirement accounts. What is a Trade War? A trade war starts when one country issues tariffs (border taxes) on another country’s imports in an attempt to …
Continue reading “Collateral Damage: How to Retire in a Trade War”
2018: the year of tax reform, market volatility, and tariffs is now also the year of millionaires. A recent Fidelity Investments report found that a record-breaking 157,000 Fidelity 401(k) savings accounts now have balances at or above the $1 million mark—49,000 more than claimed millionaire status in 2017. For a growing number of Americans, a …
A good financial advisor is hard to find. As with other service professionals like doctors and lawyers, a professional degree alone doesn’t cut it; you need someone trustworthy, honest, knowledgeable, and caring. Here are the ten traits to look for when searching for a financial professional. Education is key Look for the certification C-suite: ChFC, …
Many of us have a bucket list, or even a few thoughts about what we want to accomplish in life. But have you ever thought about a financial bucket list? A financial bucket list is a list of things we want to accomplish before we “kick the bucket.” Just like skydiving and traveling the world, …
If you are like most people, you are looking forward to retirement. You might hope to travel or pursue a hobby. In reality, though, many people’s retirements are far from what they dreamed about. To have the enjoyable, financially comfortable retirement you want, you need to start planning as soon as possible. Here’s how.
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