Good Financial Cents

JANUARY 26, 2023

Early retirement has become a popular financial goal. Even if you never retire early, just knowing that you can is liberating! Can You Really Retire at 50? Can You Really Retire at 50? Table of Contents Can You Really Retire at 50? FAQs on Retiring Early at 50 It’s a big bold claim – retire at 50?

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WiserAdvisor

FEBRUARY 29, 2024

Navigating the complex world of personal finance, especially with retirement looming on the horizon, can be daunting. Working with a financial advisor can significantly enhance your chances of retiring with more wealth. While these numbers may seem abstract at first glance, they highlight a critical point.

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Investing Caffeine

MAY 3, 2023

Hope is Not a Strategy We have lived through an endless number of scary headlines in some shape or fashion throughout our lifetimes. These are all interesting and important questions, but preparation for retirement is much more important than panicking over issues you have no control over. Risk Tolerance: What is your asset allocation?

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Retirement Retirement Planning Financial Advisor Planning 59

Park Place Financial

APRIL 26, 2022

RETIREMENT 3 Retirement Mistakes to Avoid Schedule a Complimentary Financial Review CLICK HERE TO SCHEDULE. Your retirement years can be spent focusing on your family and friends, traveling to places you’ve always wanted to go with your partner, and continuing the hobbies you love at home. Part C: Medicare Advantage.

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Retirement Retirement Planning Healthcare Risk Tolerance 52

BlueMind

SEPTEMBER 11, 2022

However, it should be well understood that a client’s financial profile includes their risk tolerance and their risk capacity. In this article, although we will be focusing on the latter one and why it is significant to determine your client’s risk capacity let’s first understand the difference between the two.

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Good Financial Cents

MAY 1, 2023

A Contributory IRA, otherwise known as a traditional IRA , is a retirement savings account that allows individuals to make contributions from their earned income. The contribution limit may be reduced or eliminated for individuals who have high incomes or who participate in an employer-sponsored retirement plan.

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WiserAdvisor

SEPTEMBER 6, 2023

Overindulgence in information can lead to poor decisions, and excessive monitoring of your retirement account balance can result in stress. Checking your retirement account balance too often can have a psychological impact on you. Therefore, exploring the optimal frequency for checking your retirement account is essential.

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Accounting Retirement Asset Allocation Retirement Planning 52

MainStreet Financial Planning

DECEMBER 20, 2023

Factors to consider would include – job changes, a change in the number of dependents, or a change in the number of breadwinners. If you are unsure if your portfolio aligns with your risk tolerance, time horizon and goals, reach out to us at Mainstreet and we would be happy to help!

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Good Financial Cents

DECEMBER 26, 2022

A Roth IRA is a type of individual retirement account (IRA) that allows you to contribute after-tax money and withdraw it tax-free in retirement. Contributions to a traditional IRA may be tax-deductible, but withdrawals in retirement are taxed as ordinary income. However, like any investment, a Roth IRA carries some risk.

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Retirement Taxes Risk Tolerance Accounting 85

Darrow Wealth Management

MAY 3, 2024

And ultimately, how to invest a windfall will depend on a number of factors, including your risk tolerance, time horizon, and spending plans. Do you want to retire? If you received an inheritance , is it in cash, stock, a retirement account? Ongoing expenses and income needs Will the windfall change your lifestyle?

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Cordant Wealth Partners

DECEMBER 11, 2022

The steps you should take if you’re retiring from Intel. What Issues Should I Consider Before I Retire? A pension (also called a Defined Benefit plan) is a promise, funded by your employer, to provide a certain monthly income to you in retirement. How your Intel pension benefit is calculated. Checklist; pdf download].

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Clever Girl Finance

NOVEMBER 25, 2023

Generally, you will use these investments to fund your retirement. For most people, one big goal is funding their retirement. Determine how much money you should invest In this step, you’ll be crunching some numbers! Some experts advise saving 10% of your income for retirement. Maybe you want to buy a house in ten years.

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Clever Girl Finance

MAY 12, 2023

Imagine you make enough money through investments and savings that you can retire early. The FI formula How to FI: 5 Steps to reach financial independence Expert tip Understanding your financial independence number Determining your years to FI How many years until reaching your goal? What is FIRE? What is FI (financial independence)?

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Good Financial Cents

JANUARY 17, 2023

And how does it compare to the 401k and other retirement plans that exist? A Simple IRA, or Savings Incentive Match Plan for Employees, is a type of employer-sponsored retirement savings plan that is designed to be easy to set up and maintain for small business owners. What is a Simple IRA? Table of Contents What is a Simple IRA?

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Fortune Financial

JANUARY 30, 2023

Leaving behind a 401(k) account can cost an individual, in some cases, hundreds of thousands of dollars in foregone retirement savings over a lifetime due to potentially keeping a higher-fee plan and having poorly allocated investments. The next key step is to consolidate all of your retirement accounts.

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Harness Wealth

JUNE 1, 2023

These services typically include: Wealth Management: Advisors can offer customized investment portfolios aligned with your risk tolerance, time horizon, and financial objectives. This plan may cover estate and retirement planning, college savings, debt management, and more. Is there a downside to hiring a financial advisor?

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WiserAdvisor

AUGUST 26, 2022

Are you good with numbers, accounting, and financial planning? For starters, decide your financial goals and understand the level of risk you can tolerate. Plan wisely for your retirement. Retirement planning is essential for everyone, but it is especially crucial if you manage your finances independently.

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Management Financial Advisor Financial Planning Retirement Planning 101

Sara Grillo

MARCH 8, 2024

Is that the advisor’s role, or should their role be talking to clients about what’s going on in their lives so that they could get a heads up on what the planning changes should be, changes to risk tolerance, et cetera. What tax do I pay when I retire? How do I retire from Procter and Gamble? Yeah, exactly.

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Good Financial Cents

AUGUST 12, 2023

If you’re looking for more passive income ideas, click below: 31 Passive Income Ideas Purpose and Importance The purpose of passive income is broad, spanning from financial cushioning to the possibility of early retirement. EXPERT TIP: Consider starting small and gradually building your passive income portfolio.

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Good Financial Cents

FEBRUARY 1, 2023

This means that the money is locked in for a certain number of years, after which you can withdraw your principal investment and interest earned. When you invest in a fixed annuity, you make a lump sum payment or series of payments, and in return, you receive a guaranteed stream of income for a certain period, usually, after you retire.

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Accounting Investing Investments Insurance 93

eMoney Advisor

MARCH 21, 2023

Focus on Planning and Investing Opportunities Beyond the communication and comfort you can provide to your clients when markets are fluctuating, there are a number of tangible planning and investment opportunities that are within your control that should also be explored.

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WiserAdvisor

AUGUST 18, 2023

Knowing the types of financial advisors and their compensation models can empower you to select a professional whose approach aligns seamlessly with your financial goals, risk tolerance, and overall budget. This means their compensation is directly tied to the transactions they complete or the number of accounts they initiate.

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Financial Advisor Commission Fee Only Financial Planning 52

Clever Girl Finance

AUGUST 22, 2022

There are a number of reasons why it’s a good idea to accumulate wealth. Having wealth allows you to build up your retirement and have the opportunity to purchase more assets. However, it's a huge part of most retirement plans, rather than relying on social security, and a great way to grow your household wealth.

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Clever Girl Finance

SEPTEMBER 11, 2023

The downside to highly liquid investments 12 Highly liquid vs short term highly liquid investments Expert tip: Know your risk tolerance When does it make sense to pursue a liquid investment? The asset must maintain a large number of readily-available, interested buyers. What is the most liquid investment? Some offer up to 5.3%

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Clever Girl Finance

OCTOBER 14, 2022

You’ll be more able to accurately budget with this number. Your credit score is a three-digit number that can have a big impact on your finances. However, this will depend on your risk tolerance. Contribute to your retirement. Saving for retirement now can seem unnecessary.

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Harness Wealth

JUNE 9, 2023

A financial plan is a comprehensive blueprint designed to help you meet your financial goals, whether that’s achieving a comfortable retirement, sending your kids to college, or planning for unforeseen events. Exploring Illustrative Economics Consider the comparison below between a pre-tax retirement account and a post-tax alternative.

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WiserAdvisor

JULY 1, 2022

The number of entrepreneurs in America has exponentially increased over the past few years. Apart from financial planning in the business sphere, entrepreneurs also need to engage in financial planning to save for retirement and financially protect their families. Plan for retirement. Invest in quality stocks.

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Financial Planning Planning Financial Planner Retirement 52

Nerd's Eye View

MARCH 20, 2024

By distilling hundreds of pieces of information into a single number that purports to show the percentage chance that a portfolio will not be depleted over the course of a client's life, advisors often place special emphasis on this data point when they present a financial plan.

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Carson Wealth

SEPTEMBER 20, 2022

Corporations or governments issue bonds to raise funds for any number of reasons, from providing operating cash flow to funding public projects like schools or infrastructure. . Investors buy bonds for the predictable income stream and to preserve capital as bonds are considered fairly low risk. How Bonds Work . Bonds vs. Stocks .

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Workable Wealth

JANUARY 6, 2021

What progress have I made on my current long-term goals like retirement? While most advice encourages you to save 3 to 6 months of living expenses, you might want to increase that number if you have more debt, a family, inconsistent income, or you just want an extra cushion. Still hoping to retire by 40? Prioritize your savings.

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Risk Tolerance Financial Planning Planning Budgeting 52

Good Financial Cents

AUGUST 11, 2022

Track your retirement. Did you know you might be able to actually retire with $1 million? While it’s better if you have some time to invest the money instead of using it for retirement, retiring with this much is a reality for many people. You may be wondering if you can actually retire with $2 million dollars!

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WiserAdvisor

JANUARY 31, 2023

Furthermore, long-term investment strategies can also provide a source of passive income, which can help to support your lifestyle before and after retirement. There are a number of ways to invest in stocks. Individual Retirement Account (IRA) An IRA is a retirement savings plan. The Roth IRA is exempt from RMDs.

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WiserAdvisor

FEBRUARY 2, 2023

Create an emergency fund An emergency fund is an essential tool for managing financial risk and uncertainties. It can be helpful in a number of situations, such as a medical emergency, home or car repairs, unexpected family responsibilities and liabilities, and much more. There are a number of ways to cut your expenses.

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Financial Advisor Economics Planning Risk Tolerance 97

BlueMind

MAY 10, 2022

To succeed as a financial advisor your focus should be more than just finance, investing, and a retirement plan. Your early interactions must include more than just fact-finding or standard risk tolerance questionnaires, or formal information exchange. Your main focus should be your client and not just numbers and targets.

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International College of Financial Planning

SEPTEMBER 3, 2021

However, there is a growing number of advisors who don’t make a living off the fees they charge their clients. This is a complicated process that involves a number of questions. Most advisors that work with commission-based income will need an individual retirement account (IRA). Organization. Accountability. Objectivity.

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Good Financial Cents

JANUARY 6, 2023

While investing $2,000 to $3,000 can help you make progress towards any number of financial goals, there are situations where you may need to access your money in the near term. If you have $2,000 to $3,000 to invest and want to use that money for retirement, you may want to consider opening a Roth IRA.

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Workable Wealth

OCTOBER 14, 2020

Want to retire early? A financial plan can define your current savings plan, investment allocations, risk profile, desired lifestyle, projected expenses, and more to achieve that goal. You can accomplish this task in several ways like strategic charitable giving, maxing out your retirement accounts, tax-loss harvesting, and more.

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