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 16, 2015 | Retirement, Saving, Uncategorized
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
by Michael Lecours | Feb 18, 2015 | Saving, Uncategorized
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....
by Michael Lecours | Feb 18, 2015 | Finding Confidence, Saving, Uncategorized
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...
by Michael Lecours | Feb 17, 2015 | Rule of Thumb, Saving, Uncategorized
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...
