Healthcare Costs are Cutting into Retirement Preparations
Mar 22, 2023
You may have seen this statistic before or one resembling it: the average 65-year-old retiring couple can now expect to pay more than $250,000 in healthcare costs during the rest of their lives.
In fact, Fidelity now projects this cost at $285,000. The effort to prepare for these potential expenses is changing the big picture of retirement planning.
Tags: Employee Benefit Planning, Health Care Needs, Health Care Savings, retirement, Retirement Planning
Rehearsing for Retirement
Mar 6, 2023
Imagine if you could preview your retirement in advance. In a sense, you can. Financially and mentally, you can “rehearse” for the third act of your life, while still enjoying the second. (more…)
Tags: financial advisor charlotte nc, retirement, Retirement Planning
The Need for Power of Attorney
Feb 24, 2023
The point of the POA. A power of attorney (POA) is a legal instrument that delegates an individual’s legal authority to another person. If an individual is incapacitated, the POA assigns a trusted party to make decisions on his or her behalf. (more…)
Tags: Estate Planning, financial advisor charlotte nc, retirement
What Happens When There Are No Beneficiaries
Feb 8, 2023
Some accounts have no designated beneficiary. Rarely, the same thing occurs with insurance policies. This is usually an oversight. In exceptional circumstances, it is a choice. Without beneficiaries what happens to these accounts and policies when the original owner dies? (more…)
Tags: Certified Financial Planner Charlotte NC, Financial Planning, Legacy, retirement, Retirement Planning
Solo 401(k)
Jan 24, 2023
Do you work for yourself? Then you may want to consider the solo 401(k), which marries a traditional employee retirement savings account to a small-business, profit-sharing plan. To have a solo 401(k), you must either be the lone worker at your business or its only full-time employee.1 (more…)
Tags: financial advisor charlotte nc, Investment Planning, Investment Portfolio, retirement
SECURE Act 2.0 Passed in Final Days of 2022
Jan 4, 2023
Congress spent the final days of 2022 on new reforms designed to help Americans save more for retirement (SECURE Act 2.0).
You may hear the changes called SECURE Act 2.0, which is a follow-up to the Setting Every Community Up for Retirement Enhancement (SECURE) Act enacted into law in late 2019. (more…)
Tags: curr, Current Events, financial advisor charlotte nc, retirement, Retirement Planning, Retirement Tax Savings
Starting a Roth IRA for a Teen
Dec 21, 2022
Want to give your child or grandchild a great financial start? A Roth IRA might be a choice to consider. There are many reasons why starting a Roth IRA for a teenager may be a sound financial strategy. Read on to learn more about how doing this may benefit both of you. (more…)
Tags: financial advisor, Investing, Personal Finance, retirement
Chapters of Retirement
Dec 19, 2022
The journey to and through retirement occurs gradually, like successive chapters in a book. Each chapter has its own things to consider. (more…)
Tags: Investment Planning, retirement, Retirement Planning
Are You Retiring Within the Next 5 Years
Nov 25, 2022
You can prepare for the transition years in advance. In doing so, you may be better equipped to manage anything unexpected that may come your way. (more…)
Tags: Certified Financial Planner Charlotte NC, Personal Finance, retirement, Retirement Planning, Retirement Tax Savings
A Roth IRA’s Many Benefits
Oct 19, 2022
The IRA that changed the whole retirement savings perspective. Since the Roth IRA was introduced in 1998, its popularity has soared. It has become a fixture in many retirement planning strategies because it offers savers so many potential advantages. (more…)
Tags: financial advisor charlotte nc, Investment Planning, retirement, Retirement Planning, Retirement Tax Savings
More Insights
Mar 29, 2023
Across the country, people are saving for that “someday” called retirement. Someday, their careers will end. Someday, they may live off their savings or investments, plus Social Security. They know this, but many of them do not know when, or how, it will happen. What is missing is a strategy – and a good strategy … Continue reading “Creating a Retirement Strategy”
Mar 27, 2023
Overview As we expected, the Federal Reserve (Fed) raised the fed funds rate by 0.25%, pushing the upper bound to 5.00%. Financial conditions were stable enough for the Federal Open Market Committee (FOMC) to release updated projections, unlike the Fed’s decision back in March 2020 to delay updated projections due to financial instability. Yesterday, the … Continue reading “Market Update: Three Takeaways from the Fed Decision”
Mar 24, 2023
You’ve probably heard the saying that “cash is king,” and that truth applies whether you own a business or not. Most discussions of business and personal “financial planning” involve tomorrow’s goals, but those goals may not be realized without attention to cash flow, today. Management of available cash flow is a key in any kind … Continue reading “Cash Flow Management”
Mar 22, 2023
You may have seen this statistic before or one resembling it: the average 65-year-old retiring couple can now expect to pay more than $250,000 in healthcare costs during the rest of their lives. In fact, Fidelity now projects this cost at $285,000. The effort to prepare for these potential expenses is changing the big … Continue reading “Healthcare Costs are Cutting into Retirement Preparations”
Mar 20, 2023
When you think about your estate, you may think about your personal property, real estate, or investments. You also have other, less-tangible assets – and they deserve your attention as well. We consider these your digital assets. A digital footprint of your life – and you need to consider them within your estate planning.
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