I recently read an article by Carrie Schwab-Pomerantz, the daughter of legendary businessman Charles Schwab. The article addressed the question: “What do I do if I got a late start on retirement savings?” It reminded me of a meeting I had last week… While meeting with a 50 yr. old prospective client who had recently closed down his business, we began discussing a … [Read more...] about Need to Put Retirement Savings on the Fast Track?
Recently came across this article about the study released by Fidelity on 401(k) Millionaires. Since we advise our clients on their 401(k) plans and how to maximize this benefit, wanted to share some thoughts… This article discusses the debate as to whether $1 Million is an attainable goal in your 401(k), and how, with discipline, it’s a goal that can be reached. The Fidelity … [Read more...] about Can you become a 401(k) Millionaire?
Friday tips...9 questions you may want to ask yourself that may help improve your odds of investment success in the long run. 1. What sort of competition do I face as an investor? The market is an effective, information-processing machine. Millions of market participants buy and sell securities every day and the real-time information they bring helps set … [Read more...] about Long-term Investors – Ask Yourself These Questions…
TAKE THE RETIREMENT INCOME PLANNING QUIZ HERE Dealing with clients and prospective clients each week: one of the most asked questions we get is “How do I generate income in retirement from my savings?” The reason we get this question is that previous generations lived differently when it came to planning for retirement. They worked for 30 years before … [Read more...] about Can you Pass the Retirement Income Quiz?
Small business owners/Independent workers are in a unique financial position! Financial Life is different when you're doing it on your own. I've always taken a "5 step" approach to handling it. Here's a recap of my 5 steps and an article from CNBC.com that can help you keep up with the independents! 1. Think in Percentages: alot a percentage of your monthly income to three … [Read more...] about How to Join the Ranks of Money-Savvy Independent Workers