How long you will live is a critical (pun intended) part of a successful financial plan. After all, the most common goal our clients have relayed to us is never to risk outliving their assets. Life expectancy has been on the rise throughout history particularly for those with means.
One of the many doors that opens when you retire is the option to move. Where you live is no longer dependent upon where you work. If you want to stay in your current home, you can get the benefits of familiar surroundings and enjoy having the time to become more deeply engaged in your community.
IRAs, or Individual Retirement Accounts, are an essential part of a sound financial plan for retirement. There are two basic types of accounts: the traditional IRA and the Roth IRA. Chances are you’ve heard of both, but how do you know which one is right for you?
When people hear the word "budget," they tend to equate it with “restrictions” – how much they can afford to spend, what they’re allowed to spend it on, and capping overall spending so they can save more. They think about recording every penny that goes out so they can see where they’ve gone over-budget and how they can make up for it.
Many students leave college with something more than a shiny new degree: they also leave with a handful of student loans. Keeping up with multiple payments can be a huge hassle, and many people want to refinance their student loans to simplify the repayment process and save money.
Have you had “the talk” with your parents yet? I’m talking about the conversation that will help you help them manage their financial future most securely.
The millennial’s retirement Pot of Gold might be held in Roth investment accounts and/or a less popular account that can help mitigate their long-term care risk while maintaining flexibility and liquidity of the assets designed to address care. Let us take a look at that less popular account here.
There’s an old story about a king who, while indebted to a sorcerer, is given the choice of paying cash in 30,000 talents of silver to the sorcerer, or paying the sorcerer one talent on day one, and doubling the payment each day. This payment would continue for each square on a checkerboard (64 squares).
Americans are not saving enough. Despite low levels of unemployment and what looks to be one of the longest economic expansions in US history, many still lose sleep at night over a lack of emergency funding.
Recently I have noticed a lot of news stories about ridesharing that went wrong. Anyone who uses the apps Uber and Lyft have probably had their fair share of strange drivers, but it ended in them arriving at their destination safely. Because these are a relatively new service provided to the public, there really isn’t much of a protocol for best practices when using a rideshar
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