Is your current retirement plan on track to provide you the income you need when you retire?
Investment firms have a new client service requirement. They must now ask you if you want to provide the name and information of a trusted contact.1You do not have to supply this information, but it is certainly welcomed. The request is being made, with your best interest in mind, to lower the risk that someone crooked …
The price of long-term care insurance has really gone up. What alternatives are available to supplement LTC Policies?
First, look at your expenses and your debt. Review your core living expenses (such as a mortgage payment, car payment, etc.). Can any core expenses be reduced? Investing aside, you position yourself to gain ground financially when income rises, debt shrinks, and expenses decrease or stabilize. Maybe you should pay your debt first, maybe not. Some debt …
Still Procrastinating About Your Financial Plan? Read More »
Are Financial Advisory Fees Tax Deductible? In some cases, they may be. Read on.
Do you need to access your retirement money early? Maybe you just want to retire before you turn 60 and plan a lifelong income stream from the money you have saved and invested.
At first glance, a Roth IRA might seem an unusual college savings vehicle. Upon further examination, it may look like a particularly smart choice. A Roth IRA allows you to save for college without the constraints of a college fund. This is an important distinction, because you cannot predict everything about your child’s educational future. What if …
Do you work part-time, or earn less than $65,000 a year? If so, you might be eligible to fully or partly claim the Saver’s Credit – a federal tax credit that gives part-time, low-income, and moderate-income workers an extra incentive to make retirement account contributions.1 Unlike a deduction (which simply exempts a portion of your income …
It may not be good to have all your eggs in an annuity basket. Or even a majority of your eggs, financially speaking. Fundamentally, an annuity contract means handing over your money to an insurer. In turn, the insurer pays out an income stream to you from that lump sum (or from the years of purchase payments …
You may anticipate working for the federal government until you retire. One question is worth considering, however: what if you have to leave your federal job because of a health issue before you reach retirement age? Is a disability retirement then in order rather than a voluntary one? In such an event, a consultation with your …
Qualifying for a Disability Retirement Under the FERS Read More »
With interest rates rising, you may want to explore refinancing possibilities. How long do you want to stay in your home? How much money will you really save?
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