Retirement planning can be like trying to juggle sharp objects. One mistake could have lasting consequences; so, maybe it’s better to wait ‘til tomorrow.
If your IRA or 401(k) money will be inherited by your children or grandchildren (or any nonspouse), they have to drain the account within 10 years.
Cognitive decline? What? I don’t remember forgetting anything…
If you’ve built a large retirement nest egg, you’ve also built a large tax problem.
Most people hand the successor trustee job to a family member. It feels right… until it goes wrong.
Today, nearly 57 million Americans have disabilities, according to the U.S. Census Bureau Reports issued July 25th. About half of them will require costly care throughout their lifetimes. Unfortunately, few parents are fully aware of all the risks they’re taking by not making special provisions for their special needs child.
Short answer: Not really. Middle to high income families may not feel it’s worth the headaches and low income families may see little benefit.
If you’re within 5-10 years of retirement and have built a portfolio north of $1 million, congratulations—you’ve done the hard part. Now, it’s about avoiding retirement mistakes.
Whether you live locally in Moorpark, Simi Valley, or anywhere else, you may want to consider having a trusted fiduciary financial advisor help with your mid-year review, as you may see.
While the Fed continues to target a 2.0% inflation rate, headwinds in the form of inflation pressures from worker shortages, tariffs, and foreign conflicts are coming at a time as America approaches a historic demographic milestone – a record number of individuals turning 65 this year.
