Blog Posts
7 Strategies To De-Clutter Your Financial Life
Right around tax time is a good opportunity to review your financial situation and to do some spring cleaning. Here is a good article to reference
Are You Saving Enough For Retirement?
Last week, a chart was circulating the internet helping to illustrate how much you should have saved for retirement based on your age (See Below). Like many rules of thumb, it can serve as a guide but it lacks several key assumptions. It doesn’t factor in pensions,...
How Much You Need to Save to Get to $1M At Retirement
Monthly contributions to an investment account spread out over many years can result in a big portfolio! Look at what you would need to save each month to retire at 65. For some details on this chart
A Guide to Building a Better Budget
Building a budget and having a good handle on your expenses is the first step to preparing for retirement. When meeting a prospective client, it is one of the first questions we ask but very rarely does anyone have a good sense of where their income goes each month....
How Can Millennials Save a Lot: Look to The Eating Habits of Baby Boomers
Recent reports show that the average baby boomer spends less eating out than millennials. On average baby boomers spend $2,386 per year eating out, while the average millennial spends $2,639. For baby boomers, 37% of every dollar spent on food is spent outside their...
Case Study: Tapping into Retirement During an Emergency
A client needed about $50,000 for an emergency expense. He was in a bind and didn’t have much in his checking or savings account. His only option, or so he thought, was to tap into his IRA. There are a lot of drawbacks to using IRA funds before retirement: If taken...
How to Become a Millionaire: Take Advantage of the 401(k) Match
Taking full advantage of your employer’s 401(k) match can be one of the best strategies to save for retirement. In a study of 401(k) millionaires in Fidelity Administered plans, most took advantage of the employer match. In fact, 28% of the balances came from their...
6 Things to Consider When Buying a Home With Parenthood in Mind
I was recently quoted in an article about what parents-to-be should look for when buying a home. There are several great issues to keep in mind. But the author saved the most important for last – Affordability. Buying a Home With Parenthood In Mind
Nine Connections You Didn’t Know Between Happiness and Retirement
Money Magazine recently wrote a great article about happiness and retirement. Here are a few key take-aways: People rate happiness highest in their teens and twenties. Then it drops down between their 30’s and 60’s. But it rises again in retirement. The age at which...
Do You Have an Out-of-Whack Portfolio?
Research out of Investment Company Institute found that 11% of investors have not rebalanced their investments in the last five years. As the US stock market continues its bull run, the value of US stocks represent a larger and larger portion of the portfolio. All of...
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