Are you wondering if that 401(k) account you’ve been faithfully contributing to can be quickly converted to cash when needed? Maybe you’re applying for a mortgage or just want to understand your financial position better. Whatever your reason, the question “is a 401(k) considered a liquid asset?” is an important one to answer. Spoiler alert … Read more
As a financial planner, I’ve noticed many clients are confused about whether they can put their Roth IRA in a trust. The short answer is you can name a trust as the beneficiary of your Roth IRA but a trust cannot directly own a Roth IRA during your lifetime. This distinction is crucial for proper … Read more
If you are looking into applying for disability benefits, you may have heard there is a limit on how much money you can have in the bank. It’s important to understand there are two types of disability benefits – SSDI and SSI. The amount of money you have only matters for one of these types. … Read more
Social Security’s full-benefit retirement age is increasing gradually because of legislation passed by Congress in 1983. Traditionally, the full benefit age was 65, and early retirement benefits were first available at age 62, with a permanent reduction to 80 percent of the full benefit amount. Currently, the full benefit age is 66 years and 2 … Read more
Ever wondered why some of your stuff doesn’t have to go through that dreaded probate process when you pass away? You’re not alone! At our estate planning firm we’ve seen countless clients confused about what assets are excluded from their estate. This confusion can lead to messy situations for families during an already difficult time. … Read more
Suze Orman is right. In order to retire early, you need at least $5 million in investable assets. With interest rates so low, it takes a lot more capital to generate the same amount of risk-adjusted income. Before the coronavirus pandemic, there was maximum Fear Of Missing Out (FOMO) with the Financial Independence Retire Early … Read more
Is $2 Million Really Enough for Your Golden Years? Let’s face it – we all dream of a comfortable retirement where money isn’t a constant worry But with rising costs and longer lifespans, many of us wonder will $2 million be enough to sustain me through retirement? After spending a lot of time researching how … Read more
Ever found yourself staring at legal bills and wondering if you’re being taken for a ride? Trust me you’re not alone. When it comes to probate costs in the UK most people are left scratching their heads, especially during such a difficult time. As someone who’s navigated these murky waters, I’m here to shed some … Read more
Have you ever wondered what people really mean when they talk about “personal wealth”? Maybe you’ve heard the term thrown around in conversation or seen it in financial articles, but weren’t quite sure what it actually means for your own life. Well, I’m gonna break it all down for you today in simple terms that … Read more
If you are in your sixties and are about to retire or started working in the late 1970s, you may remember SERPS. SERPS was a financial system created by the government at the time to give people extra money on top of the State Pension. But for young workers in the late seventies, it also … Read more