Bruce Helmer and Peg Webb
Think back to your wedding day. On that day you took your partner's hand and promised to be by their sides every day for the rest of your lives. And so far, that may be exactly what you've done. But now you're talking about retirement, and one of you is more ready than the other to make that leap. So what are you supposed to do? We've put together a list of tips and tricks to help smooth every couple's transition into retirement when you aren't walking away from work on the same day. Have an honest conversation about your retirement plans
The term "financial planning" can be intimidating. What does it really mean and how do you do it? Today, we've got a list of simple financial planning rules that can help you get back on track, and stay on track, as you prepare for a more financially secure future. 1. Write Out Your Goals Maybe you want to save a certain amount for retirement, or for a new car. Or maybe you want to run a 5k or spend more time with your grandkids. Let your values lead you.
Whether you're a football fan or not, you've surely heard something about this weekend's big game in the last few weeks. It's football's biggest stage and the athletes competing on Sunday put in thousands and thousands of hours throughout their lives preparing for that day. And to do that, they have to practice, prepare and follow the playbook. We thought this would a great opportunity to follow their lead and bring you your pre-retirement playbook to you feel more confident in your end game. No. 1: Know Your End Game
One of the most common ways people invest today is through an Individual Retirement Account, otherwise known as an IRA. But not all IRAs are created equal. Two of the most common forms of IRAs, Roth and traditional, work in very different ways. Deciding whether a traditional or Roth IRA is the right investment vehicle for you begins with understanding the difference between the two. What's What?
Anyone who has ever bought a lottery ticket has dreamed up the ways they would use their winnings. Maybe you want to buy a new house, or a fancy new car, or help out your family and buy them new houses or cars. Now, even though winning the lottery is not in cards for many of us, there are other types of financial windfalls that are much more likely to happen to you. Whether it's an inheritance, legal settlement or another substantial bump to your income, take a lesson from these lottery statistics on what to do, and what not to do, with your small fortunes.
At least once a year you've been meeting with your financial adviser to make sure you're on track for retirement. But this year it's different. This is the year you're planning to retire and your annual meeting may be more important now than ever. We've compiled a list of five questions you should ask your financial advisor at your next review if you plan to retire in 2018. 1. How will tax reform affect my bottom line?
It's that time of year again. Gyms are overflowing with newcomers hoping this will be the year they kick the bad habits and start over on a healthier note. But what about your financial fitness? For those of you who may be looking to get your finances back in shape this year, we've got your list of the top six ways to get your finances into shape. 1. Record Your Starting Point
As the year ends and we enter 2018, health and well-being are at the forefront of a lot of people's minds. But when you reflect on the last 12 months, how well do you feel you were financially? The Consumer Finance Protection Bureau has dialed in on four elements of financial well-being. Their survey found that someone who felt financially well met these four criteria: • They have control over their day-to- day and month-to- month finances. • They have the capacity to absorb financial shock. • They have the financial freedom to make choices to enjoy life.
You're almost there. You've been working with a financial adviser and together you planned for your retirement in 2018. You've only got a few months, or maybe weeks, left in the working world. But are you really ready? This is one of the biggest transitions you'll ever make, so we've put together a checklist to help you be better prepared for a 2018 retirement. 1. Test Out Your Retirement Income
No matter your age or socioeconomic status, estate planning is something you need to consider. Maybe you're looking at this and rolling your eyes. You're saying to yourself that you don't have millions in the bank, or a business you own, or maybe you don't have anyone you want to leave your belongings to. But here's the thing: Estate planning is about more than deciding how to transfer your assets.