Estate planning is off-putting for many folks on so many levels. Let’s start with “estate”, which conjures up images of the uber-wealthy setting aside giant tracts of land for the next generation. (Do I even have an estate, you wonder?) And once you delve deeper and find […]
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We pay good money to estate planning attorneys to draft trusts and wills. We deliberate over which loved ones are best suited to be guardians for minor children in case of catastrophe. We have heart to hearts with our loved ones about our attitudes toward nursing homes […]
Read more →Investors are often schooled in the virtues of stashing money in tax-sheltered savings vehicles, whether IRAs, company retirement plans, 529s, or health-savings accounts. At a minimum, these savings accounts all offer tax-deferred compounding – meaning you won’t pay any taxes on a year-to-year basis as long as […]
Read more →There are several account options available to investors for retirement savings purposes, including 401(k)s (403(b), 457, and the equivalents), IRA(s), and taxable accounts. One question investors often ask is, if they have a fixed sum of money to invest every month or every year, how should they […]
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As more than 76 million baby boomers – nearly 25 percent of all Americans — approach retirement age in the next 20 years and make the transition from retirement saving to retirement spending, a recent survey reveals that one-third of those who say they are just five years […]
Read more →While you’re often exhorted to optimize every aspect of your financial life at the end of each calendar year, you might not have the luxury of time to pack it all in, especially with holiday related tasks and fun competing for your attention. For example, while you’d […]
Read more →If tax time brings you stress, read on. First, take heart that you can act before the end of the year to help minimize the pain of April 15. Then, consider the tax tips below affecting key areas of your financial life—from your portfolio to your retirement […]
Read more →Sometimes retiring with a home you own free and clear isn’t the best choice. If you’re in or near retirement and still have a mortgage, you have plenty of company. People in their fifties and sixties are far more likely to have mortgages than prior generations had […]
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