Retirement Planning
Do I Need to Enroll in Medicare if I’m Still Working?
As a financial advisor helping clients with their Medicare decisions, I’m frequently asked if they need to enroll in Medicare while working. When I provide the answer, I’m often met with, “Well, that’s not what my friend said.” And that isn’t surprising.
How to Manage Debt in Retirement
Recently I read a few articles addressing increases in the amount of debt held by retirees. Carrying debt into retirement isn’t necessarily a bad thing if you have enough cash flow to pay your bills and live comfortably. However, increasing debt levels could derail an otherwise well-planned retirement. Let’s talk about some common causes of debt and how to manage debt in retirement.
When Does a Roth Conversion Make Sense?
There has been a lot of discussion lately about why you should convert your traditional retirement assets into a Roth IRA. And there are some very valid reasons, for some people. But it is not necessarily good advice for everyone. Let’s help YOU answer the question, “When Does a Roth Conversion Make Sense?”
The Pros and Cons of Deferred Compensation
At some point in your career, you may be offered participation in a nonqualified deferred compensation (NQDC) plan. Currently more than 90% of public companies offer some sort of NQDC plan and nearly half (44%) of eligible employees participate.¹ But, how do you know if you should participate if you are given the opportunity? Let’s discuss the pros and cons of deferred compensation.
Why You Should Get a Social Security Benefit Statement
By K. Bridget Schneider, CFP®, CRPC®When was the last time you got a copy of your Social Security benefit statement? If you are like many people, you may think you got one in the mail a year or so ago. However, it may have been several years ago. While...
Tips for Late-Start Retirement Planning
Last month we suggested a few reasons early retirement planning is important. That’s valuable information for Millennials, but what if you’re a Gen Xer?
Recent Posts
Do I Need to Enroll in Medicare if I’m Still Working?
As a financial advisor helping clients with their Medicare decisions, I’m frequently asked if they need to enroll in Medicare while working. When I provide the answer, I’m often met with, “Well, that’s not what my friend said.” And that isn’t surprising.
What Is Risk Tolerance and Why Is It Important?
When you hear the term “risk” in a conversation, your heart may skip a beat. The thrill of doing something risky can be very tempting for some people. I have a niece who wanted to experience sky diving. I thought, good for her! But I knew that thrill wasn’t for me. When it comes to your money, the term “risk” may cause a different type of excitement. For some, it may be downright scary. In financial planning, the phrase “risk tolerance” is one of the many pieces of financial jargon that is often misunderstood. Let’s shed some light on risk tolerance and why it’s important to know yours.
Financial Fraud Against the Elderly
As the American population ages, we can count on two things – the likely increase in cognitive impairment and the increased instance of, and losses from, financial fraud against the elderly.
How to Manage Debt in Retirement
Recently I read a few articles addressing increases in the amount of debt held by retirees. Carrying debt into retirement isn’t necessarily a bad thing if you have enough cash flow to pay your bills and live comfortably. However, increasing debt levels could derail an otherwise well-planned retirement. Let’s talk about some common causes of debt and how to manage debt in retirement.
What Does A Financial Planner Do and When Do I Need One?
When you’ve got financial questions, the internet probably has some answers. Your friends and family may also offer advice. But is any of that advice right for you and your situation?
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