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...
by Michael Lecours | Jan 29, 2015 | Saving, Uncategorized
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...
by Michael Lecours | Jan 28, 2015 | Rule of Thumb, Saving, Uncategorized
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
