Assisting Aging Parents with Their Finances Assisting aging parents with their finances can seem like a daunting task. Discussing finances is an uncomfortable topic that many put off or completely avoid. But it is important to have these discussions, so you know your parents' wishes and you are prepared to step in when they [...]
Risk and Retirement Planning Risk and retirement planning go hand in hand. To have a successful retirement plan you need to understand the risk and how to mitigate its effects. In this article, we will go over the different types of risk, how you can manage risk, and how it factors into your investment [...]
Retirement Goals by Age No matter how old you are, everyone asks themselves “Am I putting enough aside for retirement?”. It can be hard to determine if you are on track. In this article, we will go over different retirement goals by age. These are very generalized mile markers to help you stay on [...]
Building Your Ideal Retirement Portfolio The ideal retirement portfolio will differ from person to person. What is an ideal retirement portfolio? It is a portfolio that will allow you to retire comfortably. While each portfolio will differ, generally it should contain certain core characteristics. In this article, we will go over those characteristics and [...]
Why Annuities Are Important for Retirement A successful retirement plan is composed of many different elements. One of these elements are annuities. Why are annuities so important? In this article, we will go over 5 reasons why annuities are important for retirement. 1. Disciplined Savings During the accumulation phase, most annuities have strict rules [...]
Changing Employment-Your 401(k) Options It is important to understand your 401(k) options when you are changing employment. If you lost your job or got a different one there are certain things you need to be aware of. In this article, we will go over your options and your employee’s rights regarding your 401(k). Your [...]
Your Retirement Savings Goal Setting a retirement savings goal is one of the most important parts of financial planning. However, once that goal is calculated, it may seem unattainable. In this article, you will find helpful tips on small, easy things you can do that will allow you to reach your retirement savings goal [...]
Beneficiary Designations-The Basics Retirement plan beneficiary designations refer to the people you name to receive your retirement account funds when you pass. Who you choose to be your beneficiary can have several different implications, so it is important that you understand the consequences before you name your beneficiaries. In this article, we will go [...]
Where to Find Your Retirement Income Retirement income is not a black and white topic. There is not one key source of retirement income and everyone's plans will be different. A major step towards a successful retirement plan is identifying all your potential sources of income and how much you can expect them to [...]
The Basics An Employer-Sponsored Retirement Plan is an investment plan that employers offer to their employees as an added benefit. These plans include 401(k)s, 403(b)s, 457(b)s, SARSEPs, and SIMPLE plans. Each plan has different rules and features. But all Employer Sponsored Retirement Plans contain many of the same rules and fundamental characteristics. In this [...]
