Although the financial industry tells us that 4% is the appropriate rate of withdrawal from a retirement fund, this oversimplification may result in almost 20% of retirees running out of money. An historical look at the bond market shows why applying a 4% rate of withdrawal will be disastrous to many retirees.
We clearly have complicated feelings about money and spouses and children can make it even more difficult if we aren’t on the same page about managing money. The New York Times presents “Best Tips for Managing Money”, sage advice about how to prevent money management from fracturing families.
In my experience, 70% of my clients who own businesses do not have a retirement savings plan. For many entrepreneurs, their wealth is tied up in their firms. These few steps can help you pursue your retirement goals.
If you have a large amount of money sitting in a checking or other low-interest account, you may be surprised to find out just how much more income you could realize by exploring other options.
The volatility we experienced in December challenged investors to understand their personal truth around risk and investment principles. As a wealth manager over multiple market cycles, I have found the following investor traits bring greater clarity to financial and investment decisions.
Last month, we spoke about ‘dusty wills’ when you have to blow off the dust because it’s been so long since you reviewed them. In Part 2, Paul Brown, attorney and president of Chandler & Brown, LTD, continues to share some real-life examples of what can happen if estate planning oversight is neglected.
Do you have a "dusty will"? When it comes to estate planning, this article illustrates what can happen if "life events" such as marriage, divorce, birth of a child or grandchild, move to another state, death of a beneficiary or receipt of an inheritance are overlooked.
Snowbird season has arrived and we’ve listed some important things to consider when planning a prolonged absence in the sun. Start keeping a running list on your phone a month before you leave. That way, when it’s time to pack, you’re already done with the mental preparation and packing will just be collecting what you need.
This article discusses some common mistakes people make when leaving tax deferred retirement assets to their heirs. These costly errors can reduce your client’s legacy and prevent their wishes from being carried out.
According to the Department of Justice, an estimated 17.6 million people, or 7% of all U.S. residents age 16 or older, were victims of one or more incidents of identity theft in 2014 (latest available). What's more, about 7% of identity theft victims experienced out-of-pocket losses of $100 or more. Here are some steps to help you prevent significant loss.