Last week we talked about saving for retirement. Most people are aware that you need to save for retirement. However, it is a topic that is easy to brush aside to a later date. Although the subject is important, often …
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Younger Adults How to Retire a Millionaire
Are you under 35? If you are like most young adults, planning for your retirement is one of furthest things from your mind. But it shouldn’t be, because you have a very valuable asset. That asset is something that those …
Savvy Business Exit Strategies Are Critical
Your business or practice is going strong. You are making a comfortable living. When was the last time that you thought about what would happen to the business when you are no longer running it. Whenever you get into a …
Taxation of Tax-Advantaged Accounts
I received a text message from my 24 year old son Luke the other day. Luke graduated from college earlier this year. For the first time in his life, Luke has signed up to participate in a retirement program, his …
Real Estate in Your IRA
I haven’t discussed IRA real estate investments in a while. I have received a number of inquiries regarding these investments within the last few months. So, I have decided to revisit this topic and update the information for you. With …
Taking Care of Your Retirement Financial Health
With our current economic challenges, those of us looking forward to retirement need to be well-informed about our financial needs in coming years. And not only pre-retirees, but if you are already in retirement, you need to be wise to …
Lump Sum Pension Payments
You are a retiree receiving a monthly pension. Your former employer has offered you a large sum of money to take instead of your monthly pension. It sure looks tempting. What should you do? Paying out monthly pensions as lump-sums …
Newlyweds Need Planning Too
You are about to get married or have just been married. Would you like your fiancé or new spouse to be able to make decisions for you if you became mentally incapacitated as a result of an accident or injury? …
How Much Do I Need to Save in Order to Retire
Are you planning for or near retirement? If you are in your prime earning years, you should also be thinking about retirement. It is a good time to start thinking about and planning for retirement when you enter the work …
Your Trust As Your IRA Beneficiary
I am often questioned by financial advisors, banks and mutual fund companies if I meant to name a trust as primary beneficiary of retirement accounts. Yes, I meant to do that. When we prepare a trust-based estate plan, we also …