3 Common Retirement Planning Mistakes

Your golden years are a significant aspect of your life that require diligent saving and considerable contemplation. However, the journey towards this phase can be lengthy and complex, filled with numerous decisions and potential missteps. So, what are some frequent errors you could sidestep?   Missing Opportunities for Passive Income A significant number of individuals ...

2023-09-25T06:52:46+00:00September 25th, 2023|Blog, Retirement Planning|

How Debt Can Affect Your Retirement

Many Americans are approaching their golden years with some level of debt. In 2016, nearly 61% of US citizens were transitioning into retirement while still bearing debt.[1] While one might assume that expenses would naturally decrease after retiring, that isn't always the case.[1] Sometimes, your costs will remain constant, decrease, or they may rise. It ...

2023-09-20T15:21:00+00:00September 20th, 2023|Blog, Financial Planning, Retirement Planning|

What’s the True Value of Financial Guidance?

If you’ve done any searching on the internet, you’ve probably seen the advice to minimize your financial planning and retirement fees as much as possible. Many outlets for financial explanations and information recommend paying as little as possible to maintain your accounts. In general, many sources recommend a passive, uninvolved investment strategy that minimizes all ...

2023-08-14T15:01:58+00:00August 14th, 2023|Blog, Financial Planning, Retirement Planning|

Where Did Pensions Go?

Before 1978, most retirement plans were set up as pensions. Although the term “pension” can colloquially refer to any kind of retirement account, usually what is meant by “pension” is a defined-benefit plan.[1] “Defined-benefit plan” is a technical term for a retirement plan where an employer guarantees payment of a certain amount when you retire ...

2023-07-31T16:27:23+00:00July 31st, 2023|Blog, Retirement Income Planning, Retirement Planning|

What to Consider If You Think You’re Asset-Rich but Cash-Poor

There's a chance that an individual may find themselves in a circumstance where they possess significant wealth in their house but lack sufficient cash in their bank account. Over the years, as you've been paying off your mortgage, the equity in your property might have accumulated greatly. But having substantial home equity doesn't necessarily equate ...

2023-07-10T16:25:50+00:00July 10th, 2023|Blog, Financial Planning, Real Estate, Retirement Planning|

Will Generation X Be Able to Retire?

According to a study conducted by Investopedia, retirement is the top concern for Generation X. The survey revealed that even though many members of this generation consider themselves knowledgeable about their finances, they still worry about being prepared for retirement. Almost 25% of Gen X individuals are uncertain about their retirement plans and are not ...

2023-06-05T15:54:16+00:00June 5th, 2023|Blog, Retirement Planning|

What Are the Differences Between ETFs and Index Funds?

ETFs and index funds are two popular investment vehicles that provide investors with exposure to a diversified portfolio of securities. While both investment options closely track a particular market index, they differ in several key ways. One significant difference between ETFs and index funds is the way they trade. ETFs trade like individual stocks, with ...

2023-05-22T16:11:27+00:00May 22nd, 2023|Blog, Investing, Retirement Planning|

What’s the Difference Between IRAs and 401(k)s?

IRAs (Individual Retirement Accounts) and 401(k)s are both popular retirement savings options, but they have some key differences that make each option more suitable for certain individuals. Contributions Are Categorized Differently One major difference between IRAs and 401(k)s is the way in which contributions are made. IRAs are typically opened and funded by individuals, while ...

2023-05-08T05:04:42+00:00May 8th, 2023|Blog, Retirement Income Planning, Retirement Planning|
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