60s

Below is an excerpt from an article I thoroughly enjoyed reading. It captures the thoughts and emotions of several clients I’ve spoken to recently, and how/why the market can be so high right now amid all the uncertainty. From its record high on February 19, 2020 the S&P 500 Index1 fell 33.79% in less than 5…

A big question that investors face as they approach retirement is when/how to take social security. Most investors are aware there is some type of penalty for taking early social security, but a lot of clients don’t know the exact reduction they’ll see by taking early benefits. Take a look at the chart below- it…

For a lot of investors, the 401(k) is the main savings vehicle for accumulating wealth. 401(k) plans often provide matching contributions which helps you to save more each year, and reach your retirement goals quicker. The downside (in my mind) of some 401(k) plans is that you have limited investment options. It may be difficult…

Retiring takes a lot of hard work, saving, and discipline. However, if you chose to retire in Georgia, there are some great tax benefits that make the transition to retirement a little cheaper and easier. Here are the main benefits of retiring in GA: GA Retirement Income Exclusion: This allows GA taxpayers (age 65 and…

The SECURE Act was recently enacted by Congress. There are several new rules pertaining to retirement such as new Required Minimum Distribution (RMD) ages, inherited IRA provisions, and accessing your IRA money for certain expenses. One of the planning opportunities that arises with the new law is potentially doing more Roth IRA conversions for retirees.…

Our clients get remarried for a variety of reasons. As exciting as this is, it often triggers unique thoughts and questions…will we share our income / expenses equally? I have kids from a previous marriage, and, when I die, I would like my assets to go to them rather than my spouse…is that okay? Do…

What is the secret to having a great investment experience? A few key things come to mind. One of the great secrets of investing is putting TIME on your side. If you can save significantly when you are young, the powerful effects of compounding returns work in your favor. More time = more wealth! Let’s…

In a perfect world, everyone would be on track for their retirement goals. More often than not, people are usually playing “catch up” in their 50s and 60s to realize their retirement goals (working less/not all all, traveling, buying a vacation home, etc.). Here’s a quick breakdown of “6 Last-Minute Retirement Planning Strategies”¹. Save Like…

I thought this USA Today article was interesting. It reviews a study that shows retirees are less satisfied today than they were in the past (1998-2012). A few key takeaways: 95% of retirees prefer to spend their money on experiences instead of things. Money isn’t everything, but retirees with more money reported having more satisfaction in…

20 Second Advisor: Is the Stock Market Divorced from Economic Reality?

20 Second Advisor: Target Retirement Funds – Good or Bad Idea?

20 Second Advisor: Why It’s Easy to Retire in GA.

20 Second Advisor: SECURE Act Means More Roth Conversions

Getting Remarried…Plan Ahead!

20 Second Advisor: Tale of Two Investors & Using Time to Enhance Wealth

20 Second Advisor: 6 Last-Minute Retirement Strategies

Retirees Have Less Satisfaction in Retirement