... we’ll be asking of you.
Retirement Plan Updates –
This is a big part of what we do every day in addition to managing investments for most of our clients. I’ve been doing this work myself with Brayden’s ...
... during the wee hours of last year. I’ve been spending time in recent days going through the details, so it’s all very top of mind right now.
The original SECURE (Setting Every Community Up for Retirement ...
... you thought the Congress couldn’t tie its own Velcro… they passed the so-called Secure Act 2.0 and expanded the retirement savings landscape. This had been percolating for a while but snuck under the radar ...
... keep your money working while you’re not paying attention.
If you sense a mismatch between your allocation and your financial situation, look to make changes within your retirement accounts first. The ...
... accounts, and so forth, not to your retirement accounts. Ask your tax advisor (or me) for more details.
First things first – Why do we want to do this?
Losses in our investment accounts are unrealized ...
... to rebalance your portfolio a bit. And maybe you have an RMD to take because you’re at least age 72 or perhaps have inherited a retirement account. Or maybe you just need to generate some cash for upcoming ...
... the sun that costs money. It’s not all bad news, however. Most government limits on retirement savings are tied to inflation and have recently been increased for 2023, allowing us to save more for our ...
... to acknowledge that the program is only meant to cover roughly 40% of your pre-retirement income. Ideally your own savings and/or other income are your base and Social Security would be the extra layer ...
... fun to write about or to live through but live through them we must if we’re to build long-term wealth, generate cashflow during retirement and, ideally, leave something behind. This too shall pass, as ...
... a guideline, and no substitute for more detailed work. Let me know if you get stopped by the WSJ’s pay wall and I can email you the story from my account.
https://www.wsj.com/articles/when-best-and-worst-times-for-retirement-11661816598?mod=hp_lead_pos10 ...
... retirement income or is trying to accumulate money for retirement. Sometimes, perhaps ironically, it’s both at the same time with the added kicker of wanting to preserve as much money as possible for beneficiaries. ...
... equity performance were "appropriately" tightening, signaling he and other FOMC policymakers are satisfied with the pain in stock and bond markets. For the "average" person that only has a 401k retirement ...
... restrictions and can be at your bank or credit union, or an investment account somewhere. Ideally, short-term spending shouldn’t come from your retirement account unless you’re already retired. Sometimes ...
... 3%, so it’s hard to justify borrowing for years at 5+% if you have bonds in non-retirement accounts. This is a facts-and-circumstances sort of thing but is definitely worth considering.
Have questions? ...
... be careful to remember that even though prices are down right now, core bonds are referred to in that way because they’re an important part of your portfolio, especially if you’re close to retirement or ...
... to stocks on weakness and don’t be shy about adding to bonds, especially as interest rates rise. You can also harvest losses in non-retirement accounts. Oh, and try not to get swayed by the headlines. ...
... age of 60 will earth still be livable? Should I be using [my savings for retirement] somewhere else and live in the ‘now’?”
Yet the S&P 500 has lost less than 1% since Feb. 24, the day Russia launched ...
... 10+ years from retirement, stay aggressive if possible. Time is on your side and your regular investments at lower prices will ultimately pay off. If you’re closer to retirement, re-confirm the details ...
... week.
Cash in the bank = 1 – 2 years of spending (short-term emergency fund + known, or at least likely, big-ticket expenses).
Core bonds = 3 – 6 years of spending if you’re nearing or living in retirement. ...
... you’re nearing or living in retirement. Maybe more, but I wouldn’t suggest less. Maybe much less if retirement is, say, more than ten years off.
Exciting fixed income (preferreds, junk, etc) = These ...