Are you not sure if stocks should be in your Roth IRA? You’re not the only one. This is a question that almost everyone who is starting to retire has, and I’m here to help you figure it out. After doing a lot of research and talking to financial experts, I can say that stocks … Read more
The Hard Truth About Late-Start Retirement Planning Let’s face it – hitting 60 with little to no retirement savings can feel overwhelming. You might be thinking “I’ve missed the boat” or “What’s the point of even trying now?” I totally get those feelings. As someone who works with pre-retirees, I hear these concerns almost daily. … Read more
Happy National Teach Children to Save Day! With high school and college students’ summer job season coming up quickly, now is a great time to teach your little ones about the benefits of saving money in a Roth IRA. While the notion of retirement seems unfathomable to anyone under forty, investing in a Roth IRA … Read more
Being named as a beneficiary in someone’s will, trust, or insurance policy is both an honor and a responsibility. But many people don’t realize they have specific legal rights that protect their interests. I’ve seen countless situations where beneficiaries simply accept whatever information they’re given without questioning – and sometimes that leads to problems. As … Read more
Its easy to feel like everyone has their financial act together—everyone, that is, except you. But the truth is, many people are anxious about their financial standing and wonder how theyre doing, especially when it comes to retirement savings. You might want to look at the average amount saved for retirement by age to see … Read more
Workplace retirement plans like 401(k)s offer tax benefits for your retirement savings. The tax benefit you receive depends on the type of contributions you make. Its important to understand the way your distributions are taxed so you can make informed decisions about what to do with your money. There are 3 types of contributions a … Read more
Although real estate investors may directly own property as sole proprietors, rental property is often held in a limited liability company (LLC) or trust. Both entities are vehicles that may help investors protect assets and reduce potential risk, although an LLC and a trust are used for different purposes. In this article, we’ll explain the … Read more
We can all agree that having extra money every month is a good thing. But figuring out where to put that money can be hard, especially if you want to save more for retirement or pay off your biggest debt. I’ve been studying this question for years, and the answer isn’t as simple as you … Read more
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As Head of Financial Planning, Jason is a strategic partner who is responsible for developing the strategy, managing the planner teams, and coordinating personal financial planning activities across Citizens Wealth Management to help clients navigate and grow in changing circumstances. Today, the average American retires at around age 63. But what if youre thinking about … Read more