You may already be aware of the importance of having enough life insurance coverage to handle financial matters that could affect your family in the event of your death. However, determining the appropriate amount of coverage for your family can be complicated. Rather than using an arbitrary formula, such as having enough coverage to equal… Read More Life Insurance: How Much is Enough?
While there is no one-size fits all, avoiding these mistakes is a good start. A lot of 401(k)/403(b) investors end up making the same mistakes when choosing their investments. The results are low returns and unbalanced portfolios. Avoiding these four mistakes is a good start for getting more out of your 401(k)/403(b). There is no… Read More Four Common 401(k) & 403(b) Mistakes to Avoid
Sequence of returns can play a role in the success or failure of your Plan. A thoughtful retirement strategy may help you pursue your many retirement goals. That strategy must consider many factors, and here are just a few: your income needs, the order of your withdrawals from taxable and tax-advantaged retirement accounts, the income… Read More How Market Cycles Can Impact Your Retirement
THE PROCESS OF WORKING WITH A CFP® PROFESSIONAL The first step in a financial planning engagement is to do a thorough review to assess where you stand and then work with you to develop your personal financial goals. From there, together we make a plan designed to reach your financial goals, guide you through it… Read More The Financial Planning Process
Perception, hesitation, & poor decisions are factors. Why do some people let their potential for lifetime wealth slip away? Some people are better off economically at 30 or 40 than they are at 50 or 60. In some cases, fate deals them a bad hand. In other cases, bad decisions and inaction are to blame.… Read More Being smart & affluent doesn’t automatically mean you’ll be wealthy…
The SECURE Act and CARES Act may complicate the decision. As a small-business owner, figuring out retirement choices can be a little intimidating. How do you pick the most appropriate retirement plan for your business as well as your employees? There are three main types of retirement plans for small businesses: SIMPLE-IRAs, SEP-IRAs, and 401(k)s.… Read More Retirement Plan Options for Small Businesses
If you have been tuned in to the U.S. Stock Market recently you’ll notice that it has experienced a correction of -10% from the high water mark achieved in late September 2018. We have returned to December 2017 highs, effectively wiping out 12 months worth of “growth”. The last time we saw this was 2015,… Read More Market Reflections: November 2018
Are you invested appropriately in your company retirement plan?… Read More Are You Invested Optimally in Your Company Retirement Plan (401k, 403b, 457)?