Retirement Planning

When I sit down with people for the first time, one out of three usually asks if they are saving enough money. I love when they ask me this question. Why? Because it’s really the first step many people take towards proper financial planning. I say this for one simple reason. In order to know [...]

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No matter if you are already retired or still planning your retirement, you’re smart to think about the traps that might jeopardize your financial future. That way you can do something about it before it’s too late. Truth be told, most people I meet are anxious about their financial future anyway – at least a [...]

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Nancy recently set up her living trust and instructed me to rename her IRA into the trust. It seemed like a pretty straight-forward request. But had I done what she asked it would have cost her a pile of moolah. I explained the situation and she quickly changed her mind. The mistake my client was [...]

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For years I’ve been telling anyone who will listen how important it is to have a financial plan – and to have the right financial plan. Maybe it’s about time to define exactly what the right financial plan looks like and how to use it. What A Financial Plan Isn’t In order to really understand [...]

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You may not realize how working and collecting social security intersect and that’s a shame for two reasons. First, while it’s not all that complicated, minor details can trip you up. Second, by understanding a few straight-forward rules, you might be able to boost your retirement income significantly. Why not try to qualify for a higher [...]

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Do yourself a big favor and don’t open a new IRA this year. Don’t get me wrong. If you can fund a deductible IRA this year, it’s probably a good idea to do so. But even if you should fund an IRA, you should not open up a new one. Have I confused you? Sorry. [...]

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