Exploring Medicare Options Can Pay Dividends

With more Americans turning 65 (approximately 10,000+ every day), more people are enrolling in Medicare. Let’s look at the four part Medicare system together, to make sure everyone’s on the same page as you begin to plan: Part A: Part A & B are known as Original Medicare. Part A, specifically, is hospital insurance that… [Continue]

The Road to Financial Independence is Rarely a Short One

Our financial life cycle is rarely short. In fact, there are seven stages I define as being part of the journey. Stage One: Building the Foundation Individuals between 20-30 years old with a net worth less than their current annual income, are in this stage. They’re looking to establish an emergency fund, eliminate debt, and… [Continue]

Don’t let RMDs Taint Your Retirement Plans

As baby boomers look toward retirement, many of them will face the beginning of required minimum distributions (RMDs) from their varied retirement accounts. These RMDs outline the minimum amount a retiree must withdraw from their retirement accounts annually. RMDs can be difficult to understand, and their language isn’t always clear. However, here are a few… [Continue]

Don’t Rely on Luck for a Successful Retirement

Planning for your retirement isn’t a simple answer, and there is never a one size fits all solution that sets everyone up for equal success. The only true piece of advice I can impart to those looking to plan for a comfortable retirement is to never rely on luck alone. The investment market can be… [Continue]

Employers can Keep IRA Plans Simple

As traditional pensions continue to fall by the wayside in employer benefits packages, employees are becoming increasingly responsible for saving for their own retirement. Even still, many small employers offer neither a pension or any retirement savings options to their employees. However, small business owners do have one retirement savings plan option available to them… [Continue]

A Focus on Tax Efficiency Pays Off

Building a tax-efficient portfolio should be a priority for every investor. Although the decisions made to create a tax-efficient portfolio are small, they always pay off with larger gains in the long term. Inefficient portfolios not only drag on returns, they also can result in a higher tax bill. As an investor who is focusing… [Continue]