If you’re like most people nearing retirement, you probably think the hard part is behind you. You worked hard, saved consistently, and now you’re looking forward to slowing down and enjoying what you’ve built. Cue the hammock, the coffee mug that says “World’s Okayest Golfer,” and maybe a national park or two. But hidden inside […]
The Retirement Tax Time Bomb (and How to Diffuse It) Read More »
When it comes to planning for retirement, annuities are often touted as a silver bullet. These financial products promise guaranteed income and security, making them appealing to many approaching their golden years. However, beneath the surface of these shiny promises lie several misconceptions that can significantly impact your financial well-being. In this blog, we’ll explore
What All the Annuity People Get Wrong Read More »
Rules of thumb can often provide guidance in the complex world of personal financial planning. While almost all rules of thumb were originally based on a form of sound and practical financial advice, blindly following these common principles can lead to negative outcomes. Whether it’s saving for retirement, budgeting for children, or managing your portfolio,
Four Retirement Rules of Thumb to Avoid Read More »
When setting out to create your investment portfolio, maintaining a well-balanced portfolio is critical in helping to maintain your long-term financial goals. I gave an introduction to the concept of asset allocation in my blog Asset Location vs. Asset Allocation, but stated simply, asset allocation is the process of dividing your investment portfolio among different asset
Portfolio Rebalancing: How Systematic Rebalancing Leads to Higher Risk-Adjusted Returns Read More »
Asset allocation and asset location are two very important aspects of your financial plan. The goal of asset allocation is to divide your investments into different asset classes, creating a diversified portfolio that balances risk and return. On the other hand, asset location refers to the specific accounts in which you hold your investments, such
Asset Location vs Asset Allocation: What’s the Difference Read More »
If you are like most people, you are probably confused by the concept of Roth conversions. In this blog post, we will take a look at what Roth conversions are, why they can be beneficial to your overall retirement plan, and how they work. What is a Roth Conversion? Simply put, a Roth conversion is
The Basics About Roth Conversions Read More »