Long-Term Planning

As you approach retirement age, it's essential to start thinking about your financial security. One critical factor that can impact your retirement is debt. It's crucial to prioritize paying down debt before you retire to ensure a comfortable and stress-free retirement.

Here are some reasons why paying down debt before retirement is important:

In our client meetings, the term “wealth” is often tossed around somewhat loosely. We talk about building wealth, managing wealth, enhancing wealth, and preserving wealth as if the concepts are universally understood. But what exactly is wealth? It’s such a vague term that every person has a slightly different meaning.

Understanding how your savings can work for you is an important part of creating your financial future. If you’re curious about personal finance and want to learn more, here are some common questions we hear from new clients.

If you're looking for a way to save more for retirement than what traditional 401(k) or IRA accounts allow, a mega backdoor Roth might be worth considering. This is a strategy that enables individuals to contribute significantly more after-tax dollars to their retirement accounts than they would be able to otherwise.

Retirement can sneak up on you.

In one of its final acts of 2022, Congress approved a massive year-end spending bill that includes the long-anticipated retirement savings package known as SECURE Act 2.0.  

Set against a backdrop of outsized inflation and a wildly volatile stock market, the threat of a recession is enough to make almost anyone feel uneasy.

Financial gurus want young home shoppers to stop complaining and cut back on small luxuries. But there are broader affordability issues at play.

Consider the 21st century’s most ubiquitous piece of financial advice: “Can’t afford a house? Just stop buying lattes.”

As markets continue to wobble and more people discuss the possibility of heading into a recession, let me share a fundamental truth about money:

You're never too old to keep saving. And now the SECURE Act gives you added incentive—even past age 70.

According to a recent GALLUP survey, 63% of Americans plan on working part-time in retirement. And I think that makes a lot of sense. After all, working part-time not only provides some extra income, it’s also a way to stay active and engaged.