Investing in a tax-deferred retirement account is a great way to save for retirement because deferring taxes can provide a big boost to the amount you’re able to save during your working years. Many people save significantly more than they could otherwise by using these accounts, but they don’t come without “strings” forever. Just in case you aren’t fam
Many seniors who are looking for ways to improve their finances in retirement want to learn more about reverse mortgages. These are not a typical part of our clients’ financial plans; however, we were asked about these recently by a young client who was concerned about her grandparents, whose assets had dwindled down to a primary residence.
I’m sure we’ve all given in to the urge to splurge at some point, and most of us have probably suffered the consequences later when our credit card statement arrives. Overspending can derail our monthly budget and put us on the fast-track to being in debt. However, psychologists say there are effective ways to fight this urge.
Many couples, especially in two-income families, keep at least some of their earnings separate. This can make it challenging to reach a place where both spouses have a complete grasp of their monthly income and expenses. If this is true for you, then as you are approaching retirement is a critical time to sit down with your spouse and make sure you both have a thorough understanding
During my 12 weeks with BCR Wealth Strategies, I have had the experience any student wanting to pursue a career in the financial industry would love to have. On my first day, I walked in not knowing much about financial planning; since then, I have received ample opportunities to learn and grow my knowledge of the industry.