Retirement planning is the process of determining how much you will need to save and invest in order to have enough money to live on during retirement. It involves setting goals, analyzing your current financial situation, and making a plan to help you reach your retirement goals.
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You want to pay less in taxes. But did you know that during retirement, you CAN control that? Retirement is when you have the most control over how much you pay. All it takes are some simple tax-plann...
My dad passed away a couple of years ago, and the entire process of probate, inheritance, beneficiaries was a mess. The emotional effects were obviously hard enough on my mom, but this compounded ever...
Should you tell your heirs what your assets are or what they should expect to inherit?...
Estate planning is an often overlooked topic during the financial planning process. Here's why that's a mistake....
In this week’s video we’re going to look at an introduction to estate planning. This will kickoff a series of estate planning posts that will explore more in depth concepts surrounding it....
Most of us enjoy hearing inspirational stories. It’s even more rewarding when you get to play a small role. Today’s article is a combination of both. This one is special. A real-life case ...
Last week I wrote about 21 end of year tax planning moves W2 income earners can make. So of course I have to follow that up with a similar post for business owners. Let’s walk through 23 impactf...
I'm hoping to call it quits in just over a year. This next year is going to be spent planning so that I'm ready for the big day. I know HR isn't always in your corner and I know that I don't have to g...
We are officially approaching the last 2 months of the year which means that you should start making end of year tax planning/financial planning moves. Now you may be wondering, “what are those ...
I am a single female, age 64 (65 in July). I have been working since age 14. I just got laid off from my job and even tho I was not planning to retire now, I’m thinking maybe I should. My career...
It's time for another discussion of common retirement questions. Listen in on our conversation as we delve into another round of questions that often come up when thinking about retirement and plannin...
Mesirow's corporate retirement advisory service business works with over 350 plans and holds…...
One of the largest RIAs in the country is adding another purchase to its hot streak of acquisitions, which included the former United Capital from Goldman Sachs....
The second home is supposed to be a place of respite, a happy place, so why interrupt that solitude with death and taxes....
The second home is supposed to be a place of respite, a happy place, so why interrupt that solitude with death and taxes....
Bank of America's Ben Storey knows how many future retirees forget to plan for healthcare costs. Here's how financial advisors can help....
If you're in a high tax bracket now and expect to remain in a high tax bracket after retirement, should you prioritize pre-tax retirement accounts or Roth retirement accounts for individuals? James an...
What application or planning tools do you recommend? I want to explore my retirement timing and determine when I can enter this next phase in my life. I'm leaning against using an advisor, but think t...
The CRPC is a popular sister certification of the CFP. FP spoke with the program's head and with advisors who say it's a must-have credential for retirement planning....
Some words get overused so that their true meaning is obscured. But "integrity" is worth a revisit because its essence is powerful and directive in our financial planning...
It is time Generation X to get serious about retirement planning. The choices you make today will determie how happy, healthy and wealth a retirement you have....
Welcome to an in-depth analysis of planning for your golden years and ensuring absolute peace of mind with improved home electrical safety. This post is tailored for you: an individual that understand...
Both by parents went into assisted living a few years back, mom is almost completely blind and they weren’t able to take care of things like food and med management. My question/concern is first...
Estate planning can be emotionally and financially complicated. Learn more about how to get started on your estate plan using our checklist....
Thrivent finds workers are at a crossroads between their financial savings and personal values...
Wondering if anybody has knowledge of retirement planners who work with dual citizens. We are near retirement and will be eligible for both CPP and Social Security. We also have investments in both co...
Hey Everyone, A lot of you had direct messaged me or commented on the Medicare Basics post and had questions regarding IRMAA. I decided to make a youtube video that breaks down the issue more in depth...
Many families discover that trying to mitigate the cost of long-term care can conflict with another common retirement concern — reducing taxes for retirees and their heirs....
Cleaning out your estate and related planning "attic" can simplify your planning, identify steps and improvements, save professional fees and taxes....
During the estate administration process, it is easy to see where the decedent veered off course. Often the fix was inexpensive and could have saved their heirs lots of money in legal fees....
There are areas of financial planning for LGBTQ families that need special attention and are often overlooked. Taking a proactive approach will help ensure that LGBTQ couples’ finances are handl...
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In the age of blogging, vlogging, podcasts, and TikTok, bite-sized personal finance instruction is abundant. But is that helpful or hurtful?...
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Taking these steps now can lead to a more comfortable retirement....
When deciding on the ideal place to retire, a little homework can spare you a lot of headaches...
It’s hard not to enjoy a good vacation… a chance to get away from the “same old” just for a little while. Traveling can be an opportunity to visit places you’ve never be...
It's always best to make sure you're prepared for retirement well before you get there. These four steps can help make sure you're ready....
In our post of July 23, 2020 entitled, “How to Fix Advisor Retirement Planning Models,” we summarized some of the problems with commonly used Monte Carlo approaches used by financial advis...
Should you work with an attorney to write your will, or can you do it yourself? That depends on a number of things, including where you live....
I had kids late. All 3 are under 14 so things are tight but I'm trying to prepare for retirement for my wife and I but don't know where to start. Everything I've read elsewhere seems to lead me to "WH...
"This has been more helpful than couples therapy!" is something that good financial advisors will inevitably hear in their work with couples....
I am 30yo and just recently started getting active in planning for retirement. I had about 14k from a previous 401k that I transferred to a a Fidelity account. I set it for Auto management and it is b...
I get invites for a free dinner to listen to lawyers tell me how to protect my wealth on the reg. Is anything gained from attending these other than the meal and being scared into paying a lawyer a lo...
Given inflation, rising interest rates and a possible recession, how can near-retirees feel confident that their planning will ensure a fun and secure retirement?...
Paying for college is expensive, which is why college financial planning should really begin as soon as each child is born. But, let’s be honest. Sometimes life gets in the way, and, before you ...
Do you think you could pass a basic quiz about planning for retirement? You might be surprised to learn that in a recent study…Only 33% of Americans got a passing grade. Put your knowledge to t...
No family is exactly like another, so here are some considerations to help you decide which distribution strategy best suits your situation, values and goals....
Having legal documents in order and planning for the cost of care will help make an already difficult time a little bit easier to handle....
Nontraditional financial planning model allows you to pay for the expenses you incur between now and retirement — the middle of your life — without losing the ability to build wealth....