A Practical Approach to Helping Aging Relatives Prepare for the Future
CREATING AND PRESERVING FAMILY WEALTH: A Practical Approach to Helping Aging Relatives Prepare for the Future
Addressing Care Options Now for Your Aging Parents Will Pay Dividends for Everyone. The best plans for managing the finances of an older relative are made when that individual is still healthy. Once stricken by illness, or frustrated by the loss of mobility and freedom, an older relative may not understand questions or be able to state details of their wishes. Fueled by the uncertainty of what the older relative really wants, the lack of a plan may ignite family arguments.
Assessing Your Retirement Resources
How resourceful can you be during your retirement? Determining where your retirement money will come from is an integral part of planning for retirement. Most people draw on three main sources of income: Social Security, employer-sponsored plans, and personal retirement savings. Each offers important resources that can help you fund the lifestyle you seek in retirement.
2 Investing Questions for You
There is an investment strategy out there for just about everyone, whether you want to be aggressive or preserve your capital long-term. It can be easy to get bogged down in the Investing section of Google, looking at all the articles promising to make you rich in five easy steps. Whether you have been receiving financial planning advice for 30 years or for three months, circling the wagons and looking at your processes is a great idea to make sure you and your advisor miss nothing—and are open to improving. Here are some investment questions to consider.
Boost Your Retirement with IRAs and 401(k)s
Remember, early planning puts time on your side. Whether retirement is around the corner or decades away, there are more options than ever to help you plan for it. Let’s look at Individual Retirement Accounts (IRAs) and 401(k) plans, which offer tax benefits that can help you save for your future.
The Basics of the 401(k)
Most often, the first question a prospective employee will ask is about your company’s benefit program. And in my experience, the two most often-asked questions are about health insurance and an employer- sponsored retirement program. Let’s examine the most common employer-sponsored retirement program that exists today – the 401(k) plan.
401(k)s: Preferred Choice for Retirement Savings
An attractive benefit plan can play a fundamental role in recruiting and retaining qualified staff. And, when trying to save for the future, a 401(k) retirement savings plan can help employees attain their retirement objectives on a tax-advantaged basis. Named for the section of the Internal Revenue Code (IRC) that created it, a 401(k) plan may be one of the most popular and valuable fringe benefits available. Although the technical aspects of 401(k)s can be complex, the advantages can be far-reaching, including the following:
Back to Work....for 3 Weeks?
ETF Global Daily Perspectives
“There are decades where nothing happens, and there are weeks where decades happen.” – Vladimir Lenin
After alternating between gains and losses, stocks ended the holiday-shortened week on a positive note driven by a stopgap deal to end the government shutdown for three weeks. To begin the week, waning global growth was the prevailing market concern and weighed on market sentiment.
New Year’s Financial Resolutions
Did you make a New Year’s resolution when the calendar turned?
The smartest one might be to get your finances in order. Here is a framework for making your financial resolution stick.
New Year's Financial Checklist
This year, why not resolve to make your finances a priority? With just a few hours of planning, you can start to get your financial house in order. Here is a checklist to get you started:
