Understanding the Four Phases of Your Retirement Budget Strategy

One way of thinking about retirement is that it happens in phases. The length of each phase and the strategies for each are going to differ from person to person, but this can be a helpful way to break down a very complex topic. We’re going to break down each one of the phases and [...]

2023-11-20T18:57:11+00:00November 20th, 2023|Retirement Income Planning, Retirement Planning|

Reexamining the Retirement Investment Portfolio

When talking about retirement financial planning, we often take investment strategy at face value. But what does an investment strategy really consist of? An investment strategy is utilized to help your wealth not only retain its value against inflation but hopefully grow as well. When it comes to retirement, there’s another aspect of income generation [...]

2023-10-09T22:12:30+00:00October 9th, 2023|Investing, Retirement Income Planning|

Understanding Your Savings Goal – How Much Do You Really Need to Retire?

“How much do I need to retire?” This is one of the most frequently asked questions in the world of retirement finance. If you don’t have a lot of retirement planning experience, it can also be a tough question to answer. This article will hopefully give you some sense of where you might want to [...]

2023-08-14T19:29:41+00:00August 14th, 2023|Retirement Income Planning, Retirement Planning|

Defined-Benefit vs. Defined-Contribution Plans

The following two types of retirement savings methods may sound similar, but there are a lot of important differences that might be useful for you to know if you’re looking to get a better understanding of what retirement might look like for you. Defined-Benefit Let’s start with a defined-benefit plan. These types of plans commonly [...]

2023-07-31T15:16:03+00:00July 31st, 2023|Retirement Planning, Retirement Income Planning|

How Long Can I Keep My Money in My Retirement Account?

In most cases, you can’t actually keep your money in your retirement accounts forever. Even if you don’t need the money from your retirement accounts, many of them will require you to begin withdrawing from them when you are 73 years old.[1] This is called a required minimum distribution (often shortened to RMD). More specifically, [...]

2023-05-16T18:05:39+00:00May 16th, 2023|Financial Planning, Retirement Income Planning|

What Happens to Inherited Retirement Accounts?

You may know plenty about the differences between traditional IRAs and Roth IRAs, as well as the risks to your IRAs in this market, but what happens to an IRA (or other retirement account) that still has money in it when its owner passes away? You may think that the beneficiary just gets all the [...]

What if 1 Million Dollars Isn’t Enough to Retire?

If you are headed toward retirement soon, or you have just retired, you may find yourself wondering, "Is my nest egg enough?" It's a common question and one that causes a lot of people a lot of reasonable anxiety. Because retirement finances are much more about prediction than they are about facts and assurances, it [...]

2023-04-18T11:12:45+00:00April 18th, 2023|Retirement Planning, Retirement Income Planning|

Navigating Retirement as a High-Net-Worth Individual

For high-net-worth individuals and families, retirement is a significant shift. A high-net-worth individual, also known as an HNWI, is typically someone with at least $1 million in cash or assets that can be easily converted into cash, including stocks, bonds, mutual fund shares, and other investments.[1] As an HNWI, you may not be too worried [...]

Go to Top