Personal finance radio personality, Dave Ramsey, ruffled some feathers not long ago with a rant about safe withdrawal rates. His claim: You can rely on an 8% withdrawal rate in retirement. Is this dangerous advice or are nerdy financial advisors like us stealing your hope for retirement?
It is 2024, and that means the next “end of the world moment” for investors is on our doorstep, the General Election. It has already been a hot topic for people from both sides of the political spectrum. Today we try to add some historical context to election years and investment results.
With all of the turmoil throughout 2022, the expectations for 2023 were not overly optimistic. Last year will go down as one remembered for what didn't happen. Join us for the replay.
A prolonged stay in a nursing home can be very expensive. For some, it could wipe out their retirement savings. Consider this, according to Morningstar, a 70-year-old couple who incur expenses for long-term care see their wealth decrease—on average—21% over nine years. As we get closer to retirement, it is something we should all be considering. Today, we tell you the statistics you should know about long-term care in 2024.
One of the most important elements of planning for retirement is understanding how much you will spend when you get there. Creating a budget is not a task most people enjoy. The tedious process of going through bank and credit card statements creates an obstacle to the planning process. If only there were an "easy button" to help you figure things out. As luck would have it, there is a useful guideline. Fidelity created some general guidelines to help people begin thinking about their retirement plans. Today we look at one of them: Using the 70% Rule to easily determine your retirement spending.
Today we look at one of Fidelity’s Four Rules for Retirement Savings. This one is called the 45% rule. For a general rule of thumb, this one may actually be pretty good.
During the last weekend of October, Michael Seese, Todd Kimpel, Daniel Spurgeon, Shanell Jeffrey, Nikki Lude, Ciara Smith and Neal Watson attended Charles Schwab's annual conference. In addition to educational sessions designed to deepen their knowledge, they also heard from Charles Schwab's executive leadership and investment experts. There were also networking opportunities and motivational messages from some big names. Today we share our experience.
When asked about his success as a hockey player, Wayne Gretzky is famous for saying, "I skate to where the puck is going, not where it has been." There have been some significant changes in the bond market. Interest rates and bond yields have increased significantly, and this has dictated a change to our approach in how we position the bond allocation of your portfolios.
From treating some employer contributions as Roth contributions to the potential secondary tax impacts, there are some less common ways Roth-type accounts can benefit you. Today is part 3 of our series on the incredible Roth IRA, we discuss some of those less common ideas