As a small business owner, you always have a million things on your mind. A financial advisor who specializes in serving business owners can help you navigate the many complex choices you face. No matter where you are on your entrepreneurial journey, it makes sense to surround yourself with professionals who are experts in what […]
I believe there are three main reasons we all need to be concerned about our retirement plans: And I feel the best way to avoid running out of money in retirement is an approach called “guardrails.” In this article, I offer a deep dive into the guardrails approach, a less well-known, advanced strategy to provide […]
How much money do you need for retirement? This commonly asked question reminds me of my mom’s scoffing, “How much cloth do you need to make a suit for an orphan?” she’d ask. The point is, it’s irrelevant that the suit is for an orphan, but you’ve been given no relevant info, such as the […]
If you’ve ever thought of life insurance, it was probably colored by the instinctive unease of thinking about your mortality – the fact that one day you’ll no longer be among the living. After all, that’s the main reason to buy life insurance – making sure that your passing, as traumatic an emotional loss as […]
Taxes. One of the most hated aspects of personal finance, but without them, we don’t have a country. So, unless you want to get in serious trouble and potentially go to jail, you must pay Uncle Sam his due. The US tax code is infamous for its complexity, resulting in over 510,000 tax accountants, over […]
As I approach my own “work optional” phase of life, I’m thinking more and more about what our retirement budget might look like. More importantly, I’m looking at the (very large) investable net worth that would take. And no, I’m not gonna spill the beans about our numbers here, but I will share some interesting […]
There’s nothing like a crisp morning, a hot cup of coffee, and a great read. Visualizing what your life in retirement will look like is another relaxing activity—perhaps during a stressful workday! Combining the two activities can go a long way toward planning for your retirement. There are many publications, podcasts, and videos out there […]
Given the current economy and the uncertain political landscape in the USA, It may not surprise anyone that people are having to tighten their belts. The cost of groceries, education, and healthcare tends to hit the headlines constantly. The cost of retirement is perhaps discussed less often. The result is that those of us being […]
It’s not unusual to hear people of working age complaining that they’ll never be able to retire. But for most of us, retirement is an option. However it’s also a reversible option. And it’s surprising how many people do reverse it, whether through choice or necessity. Every retirement looks different and every return to work […]