by Michael Lecours | Jul 8, 2015 | Investment Behavior, Rule of Thumb, Saving, Uncategorized
As individuals approach retirement they often ask themselves what they should do to maximize their income. Specifically, they may wonder if they should pay down their debts (credit cards, auto loans, or a mortgage) or should they invest more in the markets. The answer...
by Michael Lecours | Jun 25, 2015 | Investment Behavior, Investment Strategies, Retirement, Uncategorized
The media is causing millions of Americans to make a serious mistake when it comes to social security collection strategies. We see articles that discuss ways to “maximize” the social security benefit using clever, new methods such as the “file and suspend”...
by Michael Lecours | Jun 18, 2015 | Finding Confidence, Investment Behavior, Investment Strategies, Saving, Uncategorized
Leaving a job can be a frightening proposal, even if you’re moving up in the world—navigating retirement plan rollovers, lost and gained benefits, pay and cost-of-living changes, and the other variables can feel quite daunting. Fortunately, if you take a moment and...
by Michael Lecours | May 20, 2015 | Finding Confidence, Investment Behavior, Retirement, Rule of Thumb, Saving, Uncategorized
A reporter from Financial Planning Magazine, recently posed a question to several financial advisors asking: “What happens when an elderly retired client runs out of money?” Below is my response, which was included in the article: WATCH WITHDRAWAL RATES Michael...
by Michael Lecours | Mar 30, 2015 | Cash, Economy, Finding Confidence, Investment Behavior, Retirement, Rule of Thumb, Saving, Uncategorized
Top Posts This Quarter: What to do if you forgot your RMD IRA Flow Chart NU Fixed Account Rate Declines Are You Spending Too Much On Coffee? Nine Connections You Didn’t Know Between Happiness and Retirement A Salary Guide Refresher Case Study: Tapping into Retirement...
by Michael Lecours | Mar 17, 2015 | Finding Confidence, Investment Behavior, Retirement, Rule of Thumb, Uncategorized
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,...
