Retirement Planning

What to Expect From a Financial Fiduciary

When it comes to managing your finances, it’s essential to trust your financial advisor. There are various types of advisors, but fiduciaries are particularly noteworthy because they adhere to distinct standards. If you’re seeking trustworthy guidance, it is important to understand the role and expectations of a financial fiduciary. Let’s take a closer look at […]

Recent Changes in Federal Law and Old 401(k)s

A recent change in federal law is likely to significantly impact individuals with smaller 401(k) retirement plans left behind at their previous employers. Although the new law is intended to be beneficial, it is essential to note that there may be potential negative consequences that the public should be aware of. The History  The landscape […]

Navigating Tax Hikes: A Strategy for High-Income Earners

Last week, we explored the concept of FAST goals, emphasizing the importance of taking immediate action for goal attainment. If you’re looking for an effective financial strategy to take action in the new year, then the Back-Door Roth IRA could be a strong option to consider. Back-Door Roth IRA: A Strategic Financial Move If your […]

Beware: Artificial Intelligence Used to Enhance Scams

In a world dominated by technological advancements, the increased use of artificial intelligence (AI) has not only transformed our daily lives but has also ushered in a new wave of sophisticated threats. The use of AI in scams presents an unprecedented danger to individuals everywhere. As AI continues to advance, so do the deceptive schemes […]

Are Women Less Confident About Finances Than Men?

According to a recent study conducted by Northwestern Mutual, women belonging to the Gen X age group are significantly less confident about their finances than men in the same age group. Gen X includes people born between 1960 and 1980, which means they are now between the ages of 43 and 58 and are soon […]

Are You On Track For Retirement?

Fidelity Investments has created a set of guidelines to help individuals benchmark their savings progress at different ages throughout their careers. Although the guidelines are broad and individual circumstances may differ, they provide useful markers for tracking one’s savings goals over time. The guidelines are based on your current annual income and are as follows: […]

To Retire or Not… That is the Question

F&G Annuities & Life, Inc. surveyed more than 2,000 pre-retirees and retirees to understand their perception of retirement. Surprisingly, the survey revealed that over 50% of participants decided to postpone retirement or planned to ‘un-retire.’ Many may assume that the primary reason for this is the need for financial support to fund the retirement lifestyle. […]

Taylor Swift and the Time Value of Money

Taylor Swift’s Eras Concert Tour is taking the country by storm, with hundreds of thousands of concertgoers paying an average of $1,300 to see the renowned music superstar perform. While it’s natural that people are eager to indulge in experiences like concerts and travel after the pandemic, it’s important for consumers to remember that spending […]

Achieving A Comfortable Retirement – Part 2

Previously, we discussed the psychological difficulties that retirees may encounter as they strive for a comfortable retirement. We will now concentrate on the challenges of creating and managing a portfolio and the measures that retirees can take to overcome these challenges. Portfolio Positioning When planning for retirement, investors should adjust their portfolio strategy from a […]

Achieving A Comfortable Retirement – Part 1

Planning for retirement can be an overwhelming task, with numerous challenges to overcome. Generally, these challenges fall into two categories: psychological and portfolio management/construction. Over the next few weeks, I will offer guidance on these categories aimed at those who are nearing retirement or already retired. Let’s begin by addressing the psychological hurdles: Replacing a […]