This 9-year rise in the stock market has been called “the most hated stock rally ever.” Maybe people are so scarred by the Great Recession that they can’t believe good news will ever happen again in the stock market. Even though it’s been happening (at least in the U.S. with only minor hiccups) for 9…
What’s the difference? Often people need help deciding whether to save for retirement in a Traditional or Roth-type of account; another way to put that is do you want tax-free or tax-deferred? This question can come up when you are signing up for your retirement plan at work or when you are deciding to…
It’s July already???? Yikes, 2017 has gone by quickly! Time to do a financial check-up on those New Year’s Resolutions to see how you are doing. I don’t know what your resolutions were, so here are a few common ones that there is still time to tackle. BEFORE you are making your resolutions for…
What’s the magic number? Forgive me if I’m like the drunk at a party and I’ve already said this to you before. But it’s come up in a bunch of client meetings lately, so I’m going to tell you again. And again. And again. Americans really like to compete when it comes to…
Have you saved for 2016? April 15th looms and for those of you who haven’t saved for 2016, time is running out. As if that pressure isn’t enough, you have to decide what kind of retirement account to use. Roth IRA Roth IRAs allow you to put up to $5,500/year in ($6,500 if…
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…
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