Congratulations, you have $200,000 saved up. Having this much money is a game-changer for your financial future, whether you got it from an inheritance, the sale of a business, or years of hard work saving. I’ve been studying smart money moves for years, and I’m excited to share some useful tips that can help you … Read more
Should you hate annuities? Yes, some types. Others? No, not if you believe the federal government, trusted academics or Ken Fisher himself. Behind every successful marketing campaign, there’s a dirty secret. The case of Fisher Investments’ “Why I Hate Annuities And You Should Too” is no different. Here are six reasons why following the advice … Read more
When you think about your plans for retirement, do you wonder what the full retirement age for Social Security is? You’re not the only one. The answer is important. When preparing for retirement, understanding the timing considerations around claiming your Social Security benefit is essential. Not everyone has the same finances or life expectancy, so … Read more
The Pre-Tax Advantage of 401(k) Plans (And Why It’s Changing for Some) Hello, fellow savers for retirement! If you’ve ever wondered if your 401(k) contributions are tax-free, you’ve come to the right place. Recent changes to retirement tax laws have made this question more difficult than ever to answer. Let’s go over everything you need … Read more
Let’s face it – no one wants to think about death and what happens to their stuff afterward But if you care about your family (which I’m guessing you do), learning how to avoid probate is one of the kindest things you can do for them. When I first started researching estate planning I was … Read more
Managing your money is serious business, and deciding whether to entrust all your assets to a single financial advisor or spread them among multiple professionals is a question that deserves careful consideration. I’ve spent considerable time researching this topic and wanted to share what I’ve learned to help you make the best decision for your … Read more
As the Head of Financial Planning at Citizens Wealth Management, Jason is a strategic partner who creates the strategy, manages the planner teams, and coordinates personal financial planning activities across the company to help clients deal with and grow in new situations. Today, the average American retires at around age 63. But what if youre … Read more
Many companies offer the benefits of a pension scheme to their employees. They take a variety of forms but the main types are: Under these schemes, contributions are paid into a pension fund constituted and administered under irrevocable trust. The trustees invest or use the fund’s money in some other way that helps the fund … Read more
A lot of people think that when they get married, their spouse will automatically get everything if they die. But is this really the case? The answer might surprise you and could save you a lot of trouble in the future. The Quick Answer: No, Not Always Contrary to popular belief, a spouse is not … Read more
When it comes to the tax rules for 401(k) contributions and withdrawals, accountants need to stay up to date so they can help their clients make decisions that will save them the most money in the long run. Let’s take a look at some commonly asked questions and answers on 401(k) tax considerations for contributions … Read more