Planning for College Investing and financial planning can be complicated. Many parents direct all of their savings into one account to maximize their investments. Discerning how much of your savings should go towards your child’s education and how much should be set aside for your retirement can be difficult to discern, if not down right confusing. Many financial […] READ MORE
We are in the midst of an unprecedented transfer of wealth, with trillions of dollars being moved from one generation to the next. This transfer challenges many commonly held notions as new values and interests become more prominent. In short, the economy is changing, and while some of these new practices might raise an eyebrow […] READ MORE
“This generation got no destination to hold… We are volunteers of America” “Volunteers” by Jefferson Airplane Those of a certain age will recall these Jefferson Airplane lyrics as a call to action, though for a different period and place. Even with the passage of time and through a lifetime of changes, the desire of baby boomers […] READ MORE
“What is your greatest retirement fear?” If you ask some pre-retirees this question, “outliving my money” may be one of the top answers. In fact, 45% of workers say they fear outliving their savings and investments.1 Retirees face greater “longevity risk” today. The Census Bureau says that Americans typically retire around age 62 for women and 65 […] READ MORE
Deciding when to collect Social Security benefits is a big decision that can have a lasting impact on your standard of living in retirement, especially if you didn’t save enough on your own. According to the Social Security Administration, Social Security benefits represent 30% of retirement income for the elderly. Making this decision is a […] READ MORE
Want to put money into a Roth IRA but earn too much? Use the “backdoor” Roth IRA strategy. Unlike traditional IRAs, Roth IRAs have an income threshold. The ability to make a direct contribution to a Roth IRA phases out for single filers with an adjusted gross income between $125,000 and $140,000, for 2021. […] READ MORE