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
Eight Retirement Mistakes to Avoid
Oct 12, 2022
Pursuing your retirement dreams is challenging enough without making some common, and very avoidable, mistakes. Here are eight big mistakes to steer clear of, if possible.
No Strategy.
Yes, the biggest mistake is having no strategy at all. Without a strategy, you may have no goals, leaving you no way of knowing how you’ll get there – and if you’ve even arrived. Creating a strategy may increase your potential for success, both before and after retirement. (more…)
Tags: Certified Financial Planner Charlotte NC, financial advisor charlotte nc, Financial Planner Charlotte NC, retirement, Retirement Planning, Retirement Tax Savings, Wealth Building
Should We Reconsider What “Retirement” Means?
Oct 5, 2022
An executive transitions into a consulting role at age 62 and stops working altogether at 65; then, he becomes a buyer for a church network at 69. A corporate IT professional concludes her career at age 58; she serves as a city council member in her sixties, then opens an art studio at 70. (more…)
Tags: Certified Financial Planner Charlotte NC, charlotte NC, Personal Finance, retirement, Retirement Planning
Retirement Planning Questions That Have Nothing to Do With Money
Sep 26, 2022
Retirement planning is not entirely financial. Your degree of happiness in your “second act” may depend on some factors that don’t come with an obvious price tag. Here are some non-monetary factors to consider as you plan your retirement. (more…)
Tags: Certified Financial Planner Charlotte NC, financial advisor charlotte nc, Financial Planning, Personal Finance, retirement, Retirement Planning, Retirement Tax Savings
Healthcare Costs are Cutting into Retirement Preparations
Sep 21, 2022
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 Investments now projects this cost at $285,000. The effort to prepare for these potential expenses is changing the big picture of retirement planning.1
Tags: Employee Benefit Planning, Health Care Needs, Health Care Savings, retirement, Retirement Planning
Do Our Emotion or Biases Affect Our Financial Choice
Sep 19, 2022
Investors are routinely warned about allowing emotion to influence their decisions. However, they are less routinely cautioned about their preconceptions and biases that may color their financial choices.
In a battle between the facts & biases, our biases may win. If we acknowledge this tendency, we may be able to avoid some unexamined choices when it comes to personal finance. It may actually “pay” to recognize blind spots and biases with investing. Here are some common examples of bias creeping into our financial lives. (more…)
Tags: Family Wealth, Personal Finance, retirement, Wealth Building
Should You Prepare to Retire on 80% of Your Income
Sep 9, 2022
A classic retirement preparation rule states that you should retire on 80% of the income you earned in your last year of work. Is this old axiom still true, or does it need reconsidering?
Some new research suggests that retirees may not need that much annual income to keep up their standard of living. (more…)
Tags: Certified Financial Planner Charlotte NC, financial advisor charlotte nc, Personal Finance, retirement, Retirement Planning, Retirement Tax Savings
Systematic Withdrawal Strategies
Sep 2, 2022
Some retirees wish they could simplify money management.Estimating investment income, annual retirement plan distributions, and quarterly taxes can be a chore.
This is why some retirees choose to make systematic withdrawals. Just as they contributed a set amount per month to their retirement accounts while working, they now withdraw a set amount from their accounts each month, quarter, or year.
The simplicity of this may appeal to you. The potential drawback is that a systematic withdrawal strategy can risk oversimplifying the complex matter of retirement income distribution. (more…)
Tags: charlotte NC, retirement, Retirement Planning
Retirement Is a Beginning
Aug 17, 2022
How do you know you if you are psychologically ready for retirement?
As a start, ask yourself four questions. (more…)
Tags: financial advisor, Income Planning, Investment Planning, retirement, Retirement Planning
More Insights
Dec 7, 2022
Through all the challenges, newfound opportunities, and every high and low we’ve experienced during the last couple of years, it’s no surprise why we might be striving for more balance. Whether it’s about the markets and global economy or what’s happening in our local communities, the news we’re hearing on a daily basis has the … Continue reading “Market Update: Outlook 2023”
Dec 5, 2022
The Internal Revenue Service has released new limits for the coming year. After months of high inflation and financial uncertainty, some of these cost-of-living-based adjustments have reached near-record levels.
Dec 2, 2022
Unless you live on another planet, you are fully aware of this thing called inflation — whether you’re at the grocery store, a gas station, buying clothes online, hiring a contractor or doing almost any other thing that requires spending money for something. Earlier this year, the Federal Reserve started raising interest rates to rein … Continue reading “Taking a Hike”
Nov 30, 2022
Identity theft is a growing concern, impacting 14.4 million U.S. Consumers in 2019. Armed with your Social Security number, a criminal can use that information to commit tax- and other financial-related crimes in your name.
Nov 28, 2022
Try these morning rituals to get your day off to the right start. What’s your current morning routine? Maybe it goes something like this: sigh as the alarm goes off, begrudgingly pull yourself out of bed,
Top of Page
Services
Epic Capital provides the following comprehensive financial planning and investment management services: Learn More >
Find us on:
Copyright © 2022 Epic Capital Wealth Management. All Rights Reserved.
Securities offered through LPL Financial. Member FINRA/SIPC.
The LPL Financial representative associated with this website may discuss and/or transact securities business only with residents of the following states: CA, CO, DC, DE, FL, GA, IN, LA, MD, MO, MS, NC, NJ, NY, PA, SC, TN, TX, VA, VT, WA.