You worked and saved and invested your entire life to get to retirement, but how much can you spend in retirement? In this webinar I discuss retirement income planning specifically with a focus on the safe withdrawal rate strategy.Read More
There are 5 things you need to know about contributing to your pre-tax 401k or a Roth 401k. If you understand the basics, knowing which is best for you can add tens-or hundreds-of thousands of dollars to your retirement.Read More
There are things outside of your control that make a mortgage accelerator program difficult to implement. Don’t bother trying this if you can’t stick to a budget and don’t have free positive cash flow each month.
Mortgage accelerator programs are expensive, oftentimes costing thousands of dollars. Many of them also want you to be a trainer, helping other people pay off their debts early which has an additional expense. There’s really no need to spend thousands and certainly not to become a trainer. That money would be better off paying down your debt than learning the nuances of the system I just broadly described.
Can a mortgage accelerator program work? Sure it can! But your ultimate financial benefits will vary greatly from the glowing testimonials they provide in their sales pitches. If things go against you (rates rise on your HELOC, you can’t stick to a budget, etc.) it’s not the company you just paid thousands of dollars to that is going to be left picking up the financial pieces . . . it’s YOU!
Investing in gold is always a hot topic for investors. I have a burning question for you:...Read More
If you’re charitably inclined, a Donor Advised Fund can be a great way to slash your current and future tax bill while also fulfilling your charitable inclinations. They can be expensive though, so make sure you do your homework on Donor Advised Funds.Read More
Asset LOcation is the process of determining which of your investment assets are highly tax-efficient and those which are horribly tax-inefficient. Once you determine your potential tax liability for each of your investments, you rank them from efficient to inefficient then place them as best as possible in different accounts that are tax-free, tax-deferred, or taxable.Read More
Want to do a Roth IRA conversion but avoid the penalties? Follow these simple rules and you won’t pay a10% penalty on distributions from a Roth conversion.Read More
This pre-retirement checklist breaks down the 3 key steps you should follow in order to make sure you’re truly ready to retire with confidence.Read More