Fees Can Really Cost You When it comes to investing, every little bit counts. And while a small annual fee may not seem like a big deal at the time, it can add up over the years and significantly impact your investment returns. For example, let’s say your portfolio is at $500,000.00 and you are […]
What is retirement planning?
Retirement planning is figuring out how much money you will need to have saved up when you retire so that you can live comfortably. It involves estimating how long you will live and how much money you will need each year to cover your expenses.
Learn more about retirement planning from our financial advisors below.
Years ago, I was sitting in my home watching on TV the arrival of a destructive force of nature called Hurricane Harvey in Houston. As was reported through 24/7 media coverage, Harvey landed on the Texas Gulf Coast that day. With its arrival came winds over 100 miles per hour, torrential rainfall totaling 50+ inches […]
Many people don’t know all their options when it comes to tax planning. And therefore, I tell my clients that I must work with their CPAs to ensure that I can give them the highest income possible while paying the least amount of taxes. I see different areas of tax planning that my clients need […]
What Method Should You Choose to Pay Off Your Debt? “10 percent of the people in this world use debt to get richer. 90% use it to get poorer.” -Warren Buffett Getting rid of a debt at any time is a great idea. After all, carrying a heavy debt is known to cause various psychological […]
“Happily ever after” is typically the ending of a fairy tale. But it’s more than that. It’s also the way we want to retire. What does it take to have a long and happy retirement? This has been the subject of study by Ph.D.s in countries around the world. Before I go on, how would […]
A few years ago, the Secure Retirement Institute developed a model designed to drive home an important but often overlooked fact: Inflation is a real danger to those nearing or in retirement, perhaps the greatest threat of all. The Secure Retirement Model showed what inflation could do to the average Social Security benefit during a […]
“Stay committed to your decisions, but flexible in your approach.”– Tony Robbins One of the most significant pieces of financial legislation enacted in the last 50 years was The Employee Retirement Income Security Act of 1974, better known as “ERISA.” ERISA directly responded to the realization that most Americans did not have enough saved for […]
Picking the right color to paint your money may seem like a frivolous task, but when it comes to investing, the wrong color can mean losing out on potential profits. The sequence of returns risk is one of the lesser-known risks investors face, but it can be just as damaging as market volatility or inflation. […]
Simply put, market risk means that you can lose money from an investment you make in the stock market should the stock market go down. For example, if you look at the years 2000-2010, the S&P 500 Index was down around 24%. So, if this was your investment of choice over those years, you would’ve […]
Break down the types of insurance. It is essential to carefully consider your life insurance needs before selecting a policy. Life insurance can provide financial security for your loved ones in the event of your death and can be an essential part of your overall financial planning. There are several types of life insurance policies […]