Retirement Planning Cannot Be Linear
Wealth Management
APRIL 9, 2024
Adopting an adaptive approach to retirement planning acknowledges the dynamic nature of spending patterns and emphasizes flexibility in financial strategies.
Your Retirement Planning Starter Pack
Carson Wealth
MARCH 7, 2024
By Jake Anderson, CFP ® , Wealth Planner When helping clients begin retirement planning, the same questions often arise: What should my retirement plan look like? Your lifestyle, goals, family situation, and risk tolerance will give a unique signature to your retirement plan. How much should I be saving?
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Small Business Retirement Plans – SEP-IRA vs. Solo 401(k)
The Chicago Financial Planner
NOVEMBER 27, 2022
One of the best tax deductions for a small business owner is funding a retirement plan. Beyond any tax deduction you are saving for your own retirement. You deserve a comfortable retirement. If you don’t plan for your own retirement who will? I generally consider this a plan for the self-employed.
6 Signs It’s Time to Ditch DIY Retirement Planning
Carson Wealth
MARCH 28, 2024
Retirement planning is a journey that generally takes decades to complete and most of us start out along the do-it-yourself path. More than likely, your first step was to enroll in an employer-provided plan such as a 401(k) or setting up an individual retirement account, also known as an IRA.
Kitces & Carl Ep 119: Navigating Succession Plans When Founders Are Having Second Thoughts On Retirement
Nerd's Eye View
AUGUST 24, 2023
However, when these aspirations are delayed or blocked by senior advisory firm partners who choose to delay their retirement plans, it can leave younger advisors frustrated and in a place of uncertainty about their futures with their firm.
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The 5 Pillars of Retirement Planning You Should Be Aware of
WiserAdvisor
MARCH 13, 2024
Achieving financial freedom in retirement requires meticulous planning, dedicated effort, and strategic management. Without a solid plan, you risk drifting without direction. Within this framework, the concept of the five pillars of retirement planning emerges as a valuable strategy.
Retirement Planning: What Will Work Best for You?
Your Richest Life
APRIL 15, 2024
Do you have a plan in place for your retirement? For many people, the extent of their retirement planning includes signing up for the plan at work – which is often more of a starting point than a comprehensive retirement plan. Some 457 plans can allow for Roth contributions and in-plan rollovers.
Inflation Is A Risk In Retirement, But Most Planning Technology Doesn’t Treat It That Way
Nerd's Eye View
SEPTEMBER 20, 2023
30 years ago, when financial plans relied mainly on constant investment return projections derived from straight-line appreciation and time-value of money calculations, financial advisors began acknowledging and accounting for the variable and uncertain nature of investment returns. Read More.
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Helping Hesitant Clients Boost Their Retirement Spending
Nerd's Eye View
NOVEMBER 8, 2023
Retirement is often framed as one's "golden years", a time to enjoy the fruits of several decades of hard work. And for many retirees who have planned accordingly, this transition is not a problem as they might spend generously on travel, hobbies, or other pursuits. On the behavioral side, clients could 'practice' retirement (e.g.,
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Advisors Are Afraid of Retirement Plans. They Shouldn’t Be
Wealth Management
MARCH 19, 2024
The key is finding the right firm that will enhance an advisor’s ability to work with retirement plans in an efficient and scalable manner.
The Growing Appeal of Semi-Retirement
Darrow Wealth Management
APRIL 15, 2024
It goes by many different names: semi-retirement, partial or phased retirement, second career, and so on. But typically, it means the same thing: working in some capacity after retiring early. As more workers consider the growing appeal of semi-retirement, some ask — is working part-time in retirement a good idea?
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Creative Planning Acquires Mesirow’s Retirement Services Business
Wealth Management
OCTOBER 31, 2023
The deal adds over 350 retirement plans and about $13 billion in assets to Creative Planning’s existing retirement plan services team.
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Retirement Planning Tips for Women
Talon Wealth
OCTOBER 26, 2023
Retirement planning is a critical part of financial security that many women still overlook. However, remember that as a woman, you have a longer life expectancy than a man, which means retirement planning is even more important. Plan your investments. Consider early retirement tax planning.
Retirement Planning Tips for Couples
Talon Wealth
SEPTEMBER 14, 2023
Retirement planning can be a difficult and confusing process for couples. By focusing on a few key areas, setting financial goals, and doing your research, you can find ways to enjoy retirement together. Set Financial Goals In retirement, educate yourself on your financial situation and investment strategy.
Sabbatical Financial Planning: Taking Extended Time Off Without Derailing The Career Or Retirement
Nerd's Eye View
JULY 20, 2022
A sabbatical refers to a period of time in which someone takes an extended, planned break from work prior to retirement, often as an opportunity to focus on their wellbeing and/or to gain valuable perspectives of life outside of work.
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Realistic Retirement Planning
The Better Letter
APRIL 6, 2023
Realistic Retirement Planning My children have consistently (and kindly) remarked about how grateful they are to have been able to graduate (with honors) from fine universities without any debt. Our retirement planning took a hit to do so. Thanks for reading. They each have good and fulfilling careers.
‘The Times They are A-Changing’ for Retirement Plans
Wealth Management
DECEMBER 11, 2023
Who will be the winners, losers and new entrants as the convergence of wealth, retirement and benefit at work will revolutionize 401(k) plans?
Your Retirement Plan and Where You Live
Getting Your Financial Ducks In A Row
APRIL 3, 2023
We’ve covered a lot of ground with regard to how various tax laws impact your retirement plans: pensions, IRAs, 403(b) and 401(k) plans. But we’ve primarily focused on the US income tax laws (the IRS) affect your plans – and there are many nuances that you need to take into account with regard to state tax laws.
4 Birthdays Crucial to Your Pre-Retirement Plan
Integrity Financial Planning
NOVEMBER 7, 2023
There are many important birthdays when it comes to retirement planning. So, as you approach your retirement, it’s crucial to have a few of these in mind as key milestones. 1] But you can begin to claim at 62 if that fits into your financial plan. 1] But you can begin to claim at 62 if that fits into your financial plan.
Navigating the Thrift Savings Plan: Planning Opportunities To Support Federal Employees, Military Servicemembers, And Veterans
Nerd's Eye View
FEBRUARY 8, 2023
Seasoned financial advisors have likely worked with clients with a wide variety of workplace retirement accounts, which can vary in terms of their investment offerings, fees, and other characteristics. But given that the U.S. But given that the U.S. While many features of the TSP (e.g., While many features of the TSP (e.g.,
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Personal finance links: a bad plan
Abnormal Returns
OCTOBER 4, 2023
(humansvsretirement.com) Jon Luskin talks with Steve Chen about DIY retirement planning tools. open.spotify.com) Retirement Assessing life one year into retirement. mutualfundobserver.com) How to make up for a late start saving for retirement. humbledollar.com) Why spending money in retirement can be so difficult.
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Retirement Planning in your 20s, 30s and 40s
A Wealth of Common Sense
MARCH 14, 2024
This past week, I received three questions about retirement, all of which concern long-term planning at different stages of life. A reader asks: Chatting with the friends, we all seemed to be relatively close to one another in terms of cash on hand, investments in the market and current incomes.
Adviser links: exciting plans
Abnormal Returns
SEPTEMBER 18, 2023
(wiredplanning.com) Christine Benz and Jeff Ptak talk retirement income with Kelli Hueler, CEO and founder of Hueler Companies. citywire.com) Creative Planning is getting creative to retain former United Capital advisers. riaintel.com) Selling a service, like financial planning, is different than selling a product.
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Retirement Plan Horror Stories, Ep #202
Financial Symmetry
OCTOBER 30, 2023
There’s so much we can overlook with retirement plans. On this special Halloween-themed episode we’re sharing some retirement plan horror stories to avoid in your own wealth-building journey. Listen in to ensure that these horrors don’t ruin your retirement plans.
Unlocking an Advisor’s Gamma for Optimal Retirement Income Distribution
Wealth Management
APRIL 11, 2024
Accumulation-phase planning software won't cut it for solving your clients' complex retirement income puzzles, but there are dedicated applications that can.
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Economic uncertainty has those closest to retirement delaying their plans
Nationwide Financial
JUNE 20, 2023
After decades of saving and planning, many pre-retirees (non-retired investors aged 55-65) are reconsidering their retirement plans in response to rising inflation, high interest rates, and an uncertain economic environment. The biggest threat to a secure retirement? The biggest threat to a secure retirement?
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Wall Street Just Doesn’t Get Retirement
Wealth Management
APRIL 4, 2024
The goal of retirement plans should be providing income to those no longer working, not accumulating wealth for those who still are.
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Retirement Needs Are Forcing Wealth, Retirement Plan and Benefits Advisors to Adapt
Wealth Management
JUNE 12, 2023
But most wealth, retirement plan and benefits advisors are still stuck in silos and old business models.
Revolutionizing Retirement Planning: Income Lab's Next-Gen Approach
Wealth Management
OCTOBER 19, 2023
Kellan Brown, chief growth officer at Income Lab, discusses the integration of retirement income planning with next-gen financial advising.
Nepsis Introduces Corporate Retirement Division
Wealth Management
MARCH 12, 2024
Northwestern’s Trenton Hazen will lead new division and develop retirement plan services as the $500M RIA builds out a family office framework.
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Managing Cash Flow in Retirement
MainStreet Financial Planning
FEBRUARY 22, 2024
Managing cash flow in retirement is a crucial aspect of financial planning that can feel daunting after decades of receiving regular paychecks. Consider new expenses like healthcare before Medicare coverage begins and subtract any expenses that will no longer apply in retirement, such as commuting or work-related clothing.
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Expanding Horizons: Driving Convergence of Wealth Management and Retirement Planning
Wealth Management
OCTOBER 4, 2023
Advisors look toward holistic client-focused strategies with converging retirement planning and wealth management.
The SECURE Act 2.0 Retirement Income Planning Opportunities
Covisum
JANUARY 9, 2023
is significant legislation signed into law on December 20, 2022, and is expected to have several impacts on retirement income planning. It contains several provisions designed to improve Americans' retirement security, including later required minimum distributions (RMDs), 529-to-Roth rollovers, and other tax planning opportunities.
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A Hero of Zero: Modern Retirement Strategies
NAIFA Advisor Today
APRIL 18, 2024
David McKnight is a renowned financial advisor and expert in zero-tax retirement planning, having assisted thousands of Americans in achieving the zero percent tax bracket. He has frequently appeared in numerous national publications, including Forbes , USA Today , the New York Times , Fox Business , CBS Radio, and Bloomberg Radio.
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The Importance of Retirement Planning for Senior Citizens
WiserAdvisor
NOVEMBER 14, 2023
Retirement planning is an essential aspect of financial security, especially as one transitions from a phase of regular income to relying on savings and investments. The concept of retirement has undergone a significant transformation in recent times. Traditional retirement plans often rely heavily on pension schemes.
Personalization in Retirement Plans Is Paramount
Advisor Perspectives
NOVEMBER 19, 2023
Individuals are increasingly looking for more tailored investment solutions, so it makes sense for plan fiduciaries to consider a more personalized approach, according to John Kutz, National Retirement Plan Strategist. He says personalization may be the ticket to better retirement outcomes.
How Inflation Impacts Retirement Income Planning
Covisum
NOVEMBER 4, 2022
Over the past several months, high inflation has been a top concern for many people , especially those nearing retirement. Financial advisors are uniquely qualified to address these concerns and help clients plan and stress test for inflation.
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Retirement Planning Tips for Couples
Talon Wealth
OCTOBER 26, 2023
Retirement planning can be a difficult and confusing process for couples. By focusing on a few key areas, setting financial goals, and doing your research, you can find ways to enjoy retirement together. Set Financial Goals In retirement, educate yourself on your financial situation and investment strategy.
Financial Planning for the Retirement Transition
eMoney Advisor
NOVEMBER 7, 2022
Whether they are on the cusp of retirement or living as a retiree, this is an impactful time of transition. Navigating the Retirement Transition with “Switches” Because the transition to retirement is dynamic and requires financial, lifestyle, and social choices, clients need a full understanding of their “switches” or options.
Avoid the Overweight Retirement Plan
Getting Your Financial Ducks In A Row
NOVEMBER 7, 2022
When you have the bulk of your financial assets in retirement plans, you might accidentally expose yourself to some risks that you haven’t thought about… since retirement plan assets are much more likely to be impacted by changes to legislation – as we have seen in the past. No related posts.
Planning Your Lifestyle in Retirement
Mullooly Asset Management
JULY 20, 2022
Your lifestyle will largely dictate the financial “success” of your retirement. Which is true before retirement as well. In a recent blog post, I wrote about how you need to plan for what lifestyle you will have in retirement. If you spend more than you make, you will struggle financially.
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Putting Together the Puzzle Pieces of Retirement Planning
Integrity Financial Planning
MARCH 13, 2023
Over the course of your life, you have probably acquired several different retirement accounts, and you have likely considered many kinds of retirement strategies. 401(k) This is the most common kind of retirement account. 1] Traditional IRA IRA stands for Individual Retirement Account.
How much do I need to retire? Planning for Your Unique Retirement Needs
Carson Wealth
AUGUST 25, 2022
How much do I need for retirement?” Your financial needs in retirement can depend on dozens of factors – some known and some unknown. One or two million dollars may seem like a lot of money to have set aside for retirement. A Retirement Reality Check. A Retirement Reality Check. in tougher conditions.
Social Security: The Most Important Retirement Plan Ever Created
A Wealth of Common Sense
AUGUST 4, 2023
The most popular retirement plan for people in the early-20th century and before was simple — you died. Most people simply worked until they dropped dead because a life of leisure in retirement wasn’t a thing for most people. No gold watch ceremonies when you hung it up at the office. In 1900, 75% of.
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