Remove Numbers Remove Retirement Planning Remove Risk Tolerance
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Weekend Reading For Financial Planners (May 31–June 1)

Nerd's Eye View

Also in industry news this week: In the continued absence of formal SEC guidance on advisory firm use of Artificial Intelligence (AI), many firms are taking a curious, but cautious, approach toward adopting AI-powered tools A recent report identifies the growing total wealth controlled by women in the U.S.

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The Latest In Financial #AdvisorTech (June 2023)

Nerd's Eye View

This month's edition kicks off with the news that Riskalyze has completed its previously-announced rebranding, and will now be known as “Nitrogen”, a ”growth platform” for advisory firms – which represents less of a shift in the platform’s core function (given that Riskalyze’s risk tolerance tool was always (..)

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5 Facts You Need to Know About Your Retirement Plan

Getting Your Financial Ducks In A Row

Many of us are covered by one or more types of defined contribution retirement plans, such as a 401(k), 403(b), 457, or any of a number of other plans. What many of these plans have in common is that they are referred to as Cash Or Deferred Arrangements (CODA), as designated by the IRS. Don’t Take A Loan.

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How much do I need to retire? Planning for Your Unique Retirement Needs

Carson Wealth

often fail to consider sequence of return, housing, longevity, health or family risks faced in retirement. Focus on Your Retirement Plan Rather Than a Magic Number. A better question than “What’s my magic number?” would be “How do I plan for retirement?“

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How Communicating Guardrails Withdrawal Strategies Can Improve Client Experience And Decrease Stress

Nerd's Eye View

Monte Carlo simulations have become a central method of conducting financial planning analyses for clients and are a feature of most comprehensive financial planning software programs. a client who really wanted to guard against downward-spending-adjustment-risk might forgo income increases entirely).

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How Much To Save For Retirement By Age

WiserAdvisor

The answer to “how much you need to retire” is shaped by various factors, including the kind of retirement life you dream of, your age, and the expenses you anticipate during your retirement years. Retirement planning is not just about reaching a target savings number.

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7 Things You Need to Know About a Simple IRA for 2023

Good Financial Cents

And how does it compare to the 401k and other retirement plans that exist? With most 401(k)s you must work for the employer for a certain number of years to be vested. Being a self-employed retirement plan , the SIMPLE IRA gives you the discretion of what exactly you want your money invested into. .