Create an Estate Plan Before You Need it

Having a smart estate plan is essential for everyone—regardless of assets, age, or income. You might think estate planning is something you can put off until your later years, or that it’s just for the super wealthy, or both. But setting up a clear path for what happens to your property and your family after…

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Tips to Fine-Tune Your Finances

We’ve all done it: start the year with a host of fiscal resolutions and good intentions—from breaking bad financial habits to getting on top of our investing game. But somehow, the months whiz by, and from a money management perspective your next New Year’s Eve is looking more like Groundhog Day. Studies show that only…

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How the Wealthy Plan for Retirement

Your approach to retirement planning may be costing you money.  A LOT of money! Instead of thinking of your retirement fund as a “pile of cash,” plan for the monthly income you’ll want to have in retirement. Common financial advice encourages you to save money and then ration out 4-5% from your 401(k) or other…

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Is it Time to Revisit Your Retirement Plan?

You’ve been doing all the right things to get ready for retirement: building up your nest egg, contributing to your 401(k), and sticking to a plan that you or your financial advisor set up years ago. And, you assume, your money’s been growing according to plan. But life changes. Does this retirement plan still work…

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Evaluate Your Retirement Readiness

Retirement can be an exciting chapter in your life. But perhaps you are wondering whether you have enough money to retire and to stay retired? Here are four steps you can take to help you to figure out your retirement situation. Step1:  Estimate Your Retirement Income This means calculating your retirement income from all sources. …

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In Review: 4 Financial Questions to Ask at Year End

What will the next year mean for you? Perhaps you’re planning a dream vacation, or sending a child off to college. Maybe this is the year you will retire, or start your own business. Big plans can mean big changes for your overall financial strategy. Now is a perfect time to review your finances in…

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You Can’t Take it With You…Understanding RMDs

You’ve spent years saving for retirement in your 401K, IRA or other qualified plan, but you can’t keep those funds in your account indefinitely. Once you’re 70½ years old, you must start withdrawing money out in what’s called “Required Minimum Distributions,” or RMDs. And it’s not quite as simple as taking a little cash out…

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How Do You Know if Your Financial Plan is Working for You?

An effective financial strategy can help reduce stress in your life. But the question is I hear most often is, “How can I tell when my financial plan is working?” Here are some preliminary questions you can ask yourself to help you assess how your financial strategy is working for you. Will my plan work in a strong…

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Consider the “Small Stuff” in your Financial Planning…

I’m watching with pride and mixed emotions as my daughter, Brandi, gets ready to head off to college. The house is littered with stacks of clothing, bedding, towels, shelf organizers and backpacking gear Brandi thinks she’ll need. My wife has informed Brandi that NO PACKING or STACKING can take place in the living room as…

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Add Good Health to Your Retirement Plan

People who plan for their retirement, emotionally as well financially, are often less likely to feel depressed or have difficulty adjusting to this new stage of life. Three steps to consider when mapping out your healthy second act: 1. Recreate Your Social Network It’s likely that when you retire, you’ll miss the easy camaraderie of…

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