For Mark Roberts' Use: Rather than deciding upon how much money you need during retirement, one of the key aspects to financial planning revolves around deciding how long you will need it. This can be problematic for some people, because it requires a bit of guesswork. In other words, it's difficult to put a price [...]
For Mark Roberts' Use: Retirement often brings about new confusion in regard to federal taxes. Now that your income comes from retirement account distributions instead of a paycheck, you might be unclear on which tax deductions are still available to you. To add to the headache, Congress is always changing the tax code. It can be [...]
For Mark Roberts' Use: Home ownership is a central part of the American Dream, and many soon-to-be retirees hope to have their homes paid off before they stop working. One of the drawbacks to owning a home, however, is the length of time it takes to finally pay for one. Most people opt for 30 year [...]
For Mark Roberts' Use: Bond ladder may sound like a funny name, but it's actually a pretty simple investment strategy. The basic idea behind bond ladders is that the investor protects himself against changes in interest rates by purchasing bonds which have staggered maturity dates. The bonds mature at intervals, rather than all at once. How [...]
For Mark Roberts' Use: For many families, saving for college and paying off the subsequent loans has an enormous impact on retirement timing. While it is always a great idea to pay off large debts like college loans before retiring, you shouldn't assume that your children will automatically have a lot of educational expenses. There are [...]
For Mark Roberts' Use: As you manage your retirement funds – whether you're already retired or just preparing for that stage of your life – one of the many aspects of your financial activity you should continue to manage is your credit score. You already know that credit scores are important, but just how important are [...]
For Mark Roberts' Use: Consumer needs are always changing, and most industries know they have to change their products to keep up with demand. This is certainly true in the case of life insurance. If traditional life insurance products don't appear to meet your needs, there may be other options that are better suited to [...]
For Mark Roberts' Use: On October 15, Medicare began their annual open enrollment period. Each year the program makes various changes in covered services, from provider options to which procedures and medications it will cover. In response to changing needs of patients, Medicare provides this period for current plan participants to reexamine their coverage options, and [...]
Some retirement plans, such as 401(k) plans and IRA's, require mandatory distributions when you hit age 70 1/2. Failure to adhere to these rules could result in penalties. Make sure that your retirement accounts are being handled properly and that you are fully informed. The video below offers more information. Contact our office if you have questions.
For Mark Roberts' Use: As we grow older, birthdays sometimes seem less significant. Unlike the major milestones of turning 18 or 21, going from 55 to 56 may not seem all that exciting. But since there are significant laws attached to several birthdays that can affect your financial planning decisions, you should keep these in [...]