Want to sell your business for $1billion? At the heart of the small business owner is the hope that someone will come along and buy his business for exactly the right amount of money to retire to the Caribbean. Just in case that doesn’t pan out, how you will support yourself when your business…
The Reverse Mortgage Chances are high that when I mention the idea of a reverse mortgage to clients, I’ll be met with a very sour expression. I think this is because of the impression that these instruments are expensive and that you give up ownership of your home to use them. Now, I…
How long will your savings last? What an uplifting question! But in retirement planning, it is probably the MOST IMPORTANT question and the most impossible to answer. If we all knew how long our savings would need to last, it would be so easy to determine how much we could afford to spend…
Working for yourself means giving up certain benefits, like a workplace retirement plan. But when it comes to saving for old age, you still have plenty of choices. Which retirement account you choose depends on how much you earn and the amount you want to contribute in any given year, financial planners say. Here…
Sorry, this is not like a fortune cookie where I reveal your lucky numbers (“Confucius says buy stocks on days 14, 28, 200, and 360 of the year.”). Rather, here is a quick update on new retirement savings limits and other info you can use when planning your financial year.* You are doing that right…
Marcum Financial Services quotes Kristi on the 10 Steps to Achieve Your Retirement Goals. From Social Security to saving, these tips can help make your money last. Everybody wants to be safe from the buffeting that life can inflict upon retirement plans – to have the financial resilience to bounce back when things go…
During the excitement that comes with taking a new job, make sure you don’t forget about the retirement money you socked away in your former employer’s 401(k) plan. “People in their working years tend to switch jobs a lot and can lose touch with their [accounts],” said Kristi Sullivan, a certified financial planner and owner…
Are you self-employed and wondering how to plan for retirement? Kristi says you may actually may have more options than you think. Check out her quote in the Chicago Tribune! “SEP-IRAs are easy and inexpensive to set up, and….” (click here for more) Contact me at 303-324-0014 or kristi@sullivanfinancialplanning.com to talk about how I can help…
In this AARP article, Kristi offers a key tip when it comes to achieving your retirement goals! “Whether you’re near or in retirement, beware of taking on large expenses that can wreck your budget. This includes….”(click here for more) Contact me at 303-324-0014 or kristi@sullivanfinancialplanning.com to talk about how I can help you achieve your financial goals. Stay…
This blog is NOT meant to make you scared about your pension. I personally LOVE when clients have a pension and rarely suggest they take a lump sum payout if offered. However, it happens occasionally that people come to me with an offer from their former employer to buy out the pension obligation that is…
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