Over the course of my 18-year career in the financial services industry I have met many investors and based on our conversations, I can confidently state that only about half of them actually know what they have invested in. However, what is even more alarming is, their incomplete understanding of the risks associated with their investments. Risk and reward are two key components in understanding the type of investment you should be considering. (more…)
Archive for March, 2018
Deciphering Investment Risk & Reward
Monday, March 26th, 2018Saving for health care with your 401K
Wednesday, March 21st, 2018
There is a lot of misunderstanding about what Medicare will and won’t pay for retirees’ health care. Your 401(k) plan is a great tool for employees to use to save for these expenses, and the 401(k) meetings are a good time to discuss this topic.
Dreaming of a Royal Retirement?
Tuesday, March 13th, 2018Cash flow is king when thinking about your financial future
Cash flow is like the water in the moat surrounding a successful retirement. It’s an essential element of financial planning that can help you defend your castle against unexpected expenses, coffer-raiding or overspending. Cash flow planning combines five interdependent activities: setting goals, establishing an emergency fund, calculating your net worth, recording expenses & communicating your wishes to your loved ones — the five elements of cash flow planning.
Look from the Tower: Set Goals
It’s impossible to plan without having a goal in mind. When it comes to your future finances, start with the basics, whether it’s to pay down school loans or to establish a three-month emergency fund. (more…)
Traditional vs Roth 401K
Thursday, March 8th, 2018
Did you know that both a traditional and Roth 401(k) allow you to contribute regularly for retirement?
With a traditional 401(k), you don’t pay taxes in the year you put it into the account. You will have to pay income tax on your contributions and earnings when you take the money out. With the Roth option, you pay taxes on the money before it goes into your account, but you generally won’t be taxed on your contributions or gains if you take a withdrawal after five years.
