For many retired and near-retired individuals, Social Security benefits constitute the foundation of their future income. However, when making the transition to retirement, deciding when and how to start taking Social Security can be the most stressful part of the process. These three fundamentals can speed you on your way.
Does your financial advisor serve your best interests or their own?
This article, recently published on KSL360, updates the current legal findings regarding the "fiduciary rule" for financial advisors.
On March 15th, 2018 the Fifth Circuit US Court of Appeals struck down the Department of Labor’s “fiduciary rule” law. Also commonly called the “conflict of interest rule”. It forced financial advisors to act in their clients’ best interests. This dissuaded them from steering someone towards a more expensive or inferior investment. Because it paid the advisor a higher commission. Or because of some other conflict of interest. Read More
When many people begin investing, they aim to find just the right asset mix to “beat the market.” This means attempting to gain a higher return over time than a commonly accepted index, such as the S&P 500. This inclination is natural but impractical, and research is now showing that it’s nearly impossible over a long period of time.
An Individual Retirement Account, more commonly known as an IRA, is a standard savings account approved by the IRS that grants significant tax advantages for users. While retirement is the most common way people use IRAs, it’s not the only way IRAs can be used. In this post, we explore the other ways IRAs can be used like for the down payment of a house, to cover college education costs, for medical expenses, as a tax-free gift to beneficiaries, as disability income, or even to purchase investment properties.
Today, the average American retires between age 62 and 65, with most people leaving the workforce at 63. If you’re nearing your mid-to-late 50’s, you may be starting to seriously consider when to retire and what steps you’ll need to take now to ensure you’re financially prepared when you do retire. Consider these 3 Tips to Successfully Transition into Retirement.
Life insurance is an important component in a diversified financial portfolio. While it may be a difficult conversation to have with your loved ones, it’s an important and necessary one. We may not like discussing our own death but ensuring our families are taken care of and supported is paramount, especially for families with children. The first step is to understand which type of life insurance policy fits best with your situation. In this post, we explore the various types of life insurance policies including term and permanent options including whole, universal, and variable options.