The Best Age to Convert an IRA to a Roth IRA

In this video, we’re going to talk about your Roth IRA, specifically: the best age to convert  how to pay the least amount of tax and the timing  There are a lot of factors that come into play, so you’ll want to make sure you do these projections with a good CPA or a good financial planner. But there’s one age range where we see the most people start to convert their IRAs and pay

Social Security Changes’ Impact on Retirement Plans

We just found out that Social Security benefits are going up 1.3% in 2021. In this post, I want to talk about three things: 1) What does this mean for people receiving Social Security in 2021? Is it really 1.3%? 2) If I’m planning for retirement, what Social Security increases should I assume every year? 3) We’re going to look at a case study, an example, of using historical averages for what Social Security will

Three Common Myths About Planning for Retirement

The thought of retirement tends to bring people peace and hope throughout their entire career. The thought of planning for retirement, on the other hand, tends to be overwhelming. The idea of lining up finances to get you to that point can seem like such a burden. However, we have found over the years that the most common problem that many people face when considering retirement, is they listen to all of the myths floating

Four Questions to Test Your Retirement Readiness During Turbulent Times

There are so many unknowns when it comes to the impact this pandemic is going to have on our economy, the stock market, and your individual financial plan. Here are four questions to find out your investment-in-retirement readiness: Question One Do you have enough money set aside so that you won’t have to sell any portion of your portfolio to pay for your lifestyle expenses? One retirement withdrawal strategy that our clients use is called

Two Reasons Not To Worry if the Market Goes Down

When we look at our investment accounts, it can seem so unpredictable these last few months, and really this whole year. They go up and they go down, there’s big swings in the market, there’s an upcoming election, and it just seems like a lot of uncertainty out there. And you might be wondering if you’re doing the right thing. A lot of people are thinking that as they’re seeing these ups and downs in

The Three-Bucket Strategy

There are quite a few different retirement withdrawal strategies out there and in this video I’m going to be going over the Three-Bucket Strategy. When using a strategy like this one, I’ve seen clients able to handle and move through bear markets or big corrections, like the one that we’re currently in, a little bit easier than those people who do not have a plan or who did not prepare for moments like this. And

Trump v Biden 2020 Election: How Will It Impact My Retirement

How will the 2020 election impact my retirement if Trump or Biden wins? We’re seeing more and more news every day around the 2020 presidential election, what this means for the economy, and what it means for our investments. And I’m hearing more questions from clients around this topic and how it might affect their retirement and investments. I want to give you some thoughts on preparing yourself for different potential outcomes. The big question

Retirement Planning During Uncertain Times: Three Things To Do Right Now

There’s so much uncertainty happening in our world right now; in our country, in the stock market, and in the economy. But there are still things that you can be doing right now to set yourself up for success in retirement. In this post, I’m going to go over three things specifically to be thinking about and to do so that you feel a little bit better about your plan and then feel a little

The One-Page Retirement Plan

The One-Page Retirement Plan When most people think of a retirement plan, they think of an extensive and detailed spreadsheet that includes every single dime and circumstance that will be involved in life after retirement. People with a lot of assets get overwhelmed thinking about the many loose ends to tie up. People without a lot of assets get overwhelmed by the fear of running out of money.  No matter how you picture retirement, there

Five Mini Plans In Every One Retirement Plan

These 5 mini-plans make up every successful retirement plan. A retirement plan is not something to take lightly. What you put away now, and where you put it, can greatly impact how much security you will have later on in life when you are looking to retire. When developing a retirement plan, there are a lot of aspects to consider. What will your income look like? How will taxes play into it? What happens if