Have Multiple Retirement Accounts? Use Them in This Order.

It is common for most retiree's to have multiple accounts to withdraw from during their golden years. When we are putting together a financial plan for our clients, one of the areas of consideration is where to draw from first. We take fee's, IRS rules, and taxes into account when providing distribution guidance. Small tweaks to your plan can add up and help you save more money for your own use. Today's article expands on that thought and provides some more context around how to distribute your assets. Give us a call for a personalized plan of action.

Video: Saving For Your Child's School

Saving for college does not have to be overwhelming. There are various options to consider: 529 Plans, Prepaid College Plans, and Savings bonds. We can help you make sense of the options available and help you plan for the future.

Start Now: A Step by Step, Tough Love Guide to Saving For Retirement in Your 20s

It's February and love is in the air! The new year is off to a roaring start and many of us are still committed to completing the goals we have set for ourselves in 2019. Becoming financially fit is usually top of the list, and the article we are sharing today is full of helpful advice for young investors. Please share this with your friends and family if you think it may be useful to them. As always, if you have any questions or want to work on your financial plan- give us a call! We are happy to help.

Financial Advisor Designations: What Those Letters Mean

Happy New Year! We hope your 2019 is off to a great start. This is a good time to get your financial house in order and working with an advisor can help you set tangible goals. When it comes to picking an advisor, it can be difficult to understand what credentials or experience an individual might have. After all, anyone can call themselves a financial planner, financial advisor or wealth manager. What does CFP or CFA really mean? What is the difference between an RIA or a brokerage firm? Who has my best interests in mind? The article we are sharing today explains in more detail what goes in to obtaining the various financial designations so you can make better sense of your advisors qualifications.

6 Ways to Get Your Finances Ready for 2019

As the end of the year approaches, it is a time for reflection. Reflection on the past year and reflection on our goals for the upcoming one. If you have not reviewed your financial plans in the past year, this is a good time to call your Portfolio Manager and set up a time to meet. We are here to help you as your navigate your financial goals both big and small.

Do This One Thing Before the End of the Year to Save Money on Your Taxes

With Thanksgiving behind us, the end of the year will be here before you know it. This is a busy time of year for all with celebrations, shopping and spending time with loved ones. It is also a good time to review your income and expenses for the year and meet with your CPA for a tax review. If you need help, give your Portfolio Manager a call and we can assist you with setting up a tax planning meeting. Today's article talks about some end of year tax planning strategies. This may or may not be available to you depending on your financial situation.

IRS Announces Higher 2019 Retirement Plan Contribution Limits for 401ks and More

The limits for retirement contributions have been increased for 2019, so this will allow investors to set aside additional funds for retirement. If you have questions about how much you can save and the tax implications of those decisions, please give us a call.

Here's how much you should have saved by 40

What is the right amount to save for retirement? How much will I really need? These are questions that we get asked daily by clients, and we are happy to help you plan for your retirement. If you are already retired, we can help you review your income plan to make sure you are not overspending. The article we are sharing today comes from CNBC and explores how much one should have saved by age 40 and shares some tips on how we can all do a little better at saving for our future income needs.

Retiring Abroad

The ideal retirement looks different to everyone. Some clients just want to work less or on their own terms. Others cannot wait to cut the cord and be free to travel the world. Today's article explores retiring abroad and living your travel lifestyle fantasy. If you are wondering what type of retirement you can afford, give us a call! We are happy to complete a retirement plan with you.

If you’ve always dreamed of living abroad, now may be the best time. Today, there are around 400,000 American retirees residing outside the United States, with that number expected to grow over the next few years. Cost of living is often cited as one of the main reasons for the move. For example, in places like Mexico and Costa Rica, it’s possible to live off of a Social Security check, while enjoying a relaxing lifestyle in the process. Other retirees cite rising health care costs as a contributing factor in their decision to move out of the U.S.

This credit card payment mistake costs Americans more than $1 billion

Credit cards can be a good way to build up your credit, earn rewards and get discounts. They can also cost you a lot of money with extra fees and expenses if you are not careful about how you use them. Today's article covers a few of the common ways that Americans are misusing their credit cards and incurring costs for doing so. If you have questions about this or your financial plan overall, give your portfolio manager a call. We are here to help you make sense of it all.

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