Planning a Sustainable Withdrawal Strategy for Retirement
Planning a sustainable withdrawal strategy is one of the most overlooked areas of financial planning. A clear and coordinated withdrawal strategy is crucial because it will ultimately determine how an individual will create sustainable income throughout retirement. Successfully navigating retirement Sequence risk is the risk in the timing of withdrawals from a market portfolio occurring […]
Top 15 Retirement Planning Mistakes to Avoid
#1 Not having a rational process A process for decision-making helps maintain focus, reduces uncertainty, and ensures that everyone remains on the same page. Having a process translates to efficiency and usually results in more money spent AND less frustration. Having a process should allow individuals to internalize planning subjectivity and view the totality of […]
12 Ways to Perfectly Time Your Retirement Planning
Choosing a retirement date is the final step before entering retirement. But for a smooth transition, most individuals will need to coordinate benefits and potentially make last-minute adjustments to their financial planning retirement strategy. #12 Rethinking the Retirement Budget Generally, retirees enjoy more free time once they retire. In many cases, that means spending more money than […]
Rebuilding the Retirement Planning Buckets
As the COVID-19 pandemic swept the country, we first reported this event’s game-changing effect on retiree income, specifically for those who recently retired or were about to retire. Many individuals do not fully understand how the pandemic (and now the Ukraine invasion) has fundamentally changed retirement planning. Many who do, feel forced to take on […]
Top Non-Traditional Financial Planning Considerations
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The Best Way to Start Creating a Personal Financial Plan
You decided that further development of the project is impossible without search engine promotion. We found a specialist, provided him with access…
Pros & Cons of Becoming a Real Estate Tycoon
Almost everyone loves owning income-generating rental real estate, especially in those early retirement years. What’s not to love? It can provide consistent income, and you may even be able to enjoy it. Inherent benefits aside, it’s vital to understand when taking on such an endeavor that one treats it like a business. Because it is, […]
‘Qualifying’ Yourself for Long Term Care Insurance
Considering or not considering Long Term Care Insurance is a personal choice. By reading this article, you are saying you are open to the concept of Long-Term Care Insurance for later years in retirement. If you don’t believe in the idea, or the decision has already been made, then you can probably save yourself the […]
Touching The Retirement Accounts. Do’s & Don’ts
When changing jobs or retiring, it’s always prudent to consider all your options as far as employer-sponsored retirement accounts. In rare cases, it can make sense to do nothing, and leave the retirement account with the old employer. There can also be benefits to transferring the account to your new employer’s plan. And sometimes, it […]
Estate Planning: The Art of the Final Impression
Everyone needs an estate plan. And most people prefer the idea of loved ones remembering them in a positive light – not for estate planning missteps. The Estate Tax & The Marital Deduction As of 2023, every United States citizen receives an Estate Tax deduction of 12.92 million dollars usable over their lifetime. This […]
