How Do You Create a Simple Retirement Income Plan?

Tuesday, 09 April 2019

A retirement income plan is needed because life changes in retirement. Your retirement plan should account for every year in retirement, even past your life expectancy. For each year, make a list for you and your spouse that include social security income, pensions, and annuity income. Also, list earnings from investments and working part-time. 

Let's Talk About Mutual Funds

Thursday, 04 April 2019

Currently, there is a universe of more than 8,000 Mutual funds—way too many.

Your investment portfolio:

• How did your investment person choose the lineup of mutual funds?
• What screening process was used?
• Is your account just a “cookie cutter” mix of funds that everyone gets?

Long-Term Care By the Numbers

Monday, 01 April 2019

Long-Term Care by the Numbers

• 50% of Americans turning 65 will need long-term care
• $100,000+ will be the annual bill for a private room in a skilled nursing facility
• Only 1/3 of Americans feel confident that they can pay for long-term care
• 43% think their spouse will provide their long-term care

Take the next step for your future. Let’s talk and review your long-term care plans!

Estate Planning Basics: I Have a Will – Isn’t That Enough?

Many of us are guilty of having prepared a Will years ago and never updating it, mistakenly believing we have our affairs in order.

Friday, 29 March 2019

Your Will is a document stating who you want to receive your assets when you pass away. In order to honor those stated wishes, your Will would have to be approved by a Probate Court and a probate estate will have to be opened. That involves attorney fees, court costs, and typically, lots of time.

How to be Tax Efficient with Your Investments

Tuesday, 26 March 2019

Tax efficient investing involves strategies to help reduce the impact of taxes. Investments have three tax flavors: taxable, tax-deferred and tax-exempt. Taxable requires gains to be paid as they are earned each year. These include investments like CDs and money market funds. Tax-deferred gains remain sheltered from taxes until withdrawn for retirement at age 59 ½ like 401(k)s or IRAs. Tax-exempt interest is not taxable either by federal or state taxes.