In this series, we will ask top experts for their retirement advice on the most common retirement questions from our readers. Every portfolio is different, but when it comes to your retirement planning, many people have the same retirement questions and make the same retirement mistakes. Retirement expert and certified financial planner Bill Losey shares [...]
In this series, we will ask top experts for their retirement advice on the most common retirement questions from our readers. Every portfolio is different, but when it comes to your retirement planning, many people have the same retirement questions and make the same retirement mistakes. How do I pick my retirement date? Be able [...]
When you invest your money into retirement savings you should make every effort possible to not touch your funds until retirement age. IRAs and similar accounts typically come with penalty fees if you withdraw funds before age 59½. Of course, life can throw unexpected curve balls your way. If you find yourself with mounting medical [...]
Discussing your final wishes with your family is not always an easy task, but it’s an essential step in estate planning. Having your wishes on the table and making sure your family is aware of them can help to make the grieving process—and everything else that takes place after the death of a loved one—a [...]
In this series, we will ask top experts for their retirement advice the most common retirement questions from our readers. Every portfolio is different, but when it comes to your retirement planning, many people have the same retirement questions and make the same retirement mistakes. Retirement advice from expert Bud Hebeler might help you avoid [...]
Are cost of living expenses a part of your retirement planning? They should be. An article in a recent issue of AARP The Magazine absolutely shocked me. It listed the most affordable places to retire. Yet Maine, which was on the list, has a property tax rate of 14.53 percent! With the average cost of [...]
It is very common for me to see a new client with a number of old 401(k) accounts held by various former employers. Many people don’t know what to do with the accounts when they leave a job, but you actually have several options, including the three listed below: 1. Leave the account with your [...]
Traditionally, conventional wisdom was that life insurance was generally not needed once you retired. This may or may not still hold true and will vary based upon your personal situation. Here are a few thoughts. As you near retirement, life insurance can be… An excellent estate-planning tool. If you have a large estate, life insurance [...]
The past several years have been rough on many 401(k) participants. The 2008–9 market decline had a devastating impact on many participants nearing retirement. The press, and many annuity salespeople, have had a field day bashing the 401(k) as a poor retirement savings vehicle. The reality is that 401(k) accounts are a part of your [...]
Do you need a 10 percent return in order to retire on time? I have clients who have a goal date for retirement. They want to have X amount of money put away to be able to retire by Y date. These retirement savers tend to focus on the rate of return, wanting to see [...]
