When approaching retirement, getting your finances organized is one of the first steps you should take.
By Kathy Longo, CFP®, CAP®, CDFA
Thursday, 28 June 2018
Getting a clear financial picture can help ease the transition into retirement because, at the very least, you’ll know what accounts you will be drawing from, where they are being managed, how your investments can continue to generate income for you, and what tax liabilities they may impose. It requires discipline and clarity to keep your finances organized before and during retirement.
By Jay Pluimer, AIF® CIMA®
Wednesday, 09 August 2017
The opportunity to save money through a company sponsored retirement savings plan is an incredibly valuable benefit. Whether you are leading a small business or a nonprofit, the long-term ability to put money away on a tax-deferred basis is critical to building a nest egg that will provide financial flexibility in the later stages of life. Small business leaders can start a 401(k) or 403b Plan (“Plans”) that is cost effective for your organization, helps attract and retain key employees, and increases productivity by alleviating employees’ money worries.
By Kathy Longo, CFP®, CAP®, CDFA
Wednesday, 09 August 2017
Planning for retirement can be a source of confusion or anxiety for many people. Retirement can be fraught with uncertainty given the fact that many people will face a long retirement period of 25 years plus. While many factors need to come together to make a cohesive and sustainable long-term plan, the biggest concern most people face is the fear of making financial mistakes or decisions based on emotion as they plan for this next stage of life. Here are some ideas for decreasing anxiety and increasing clarity on the road to sound retirement planning.
Tuesday, 30 May 2017
Expertise's goal is to connect people with the best local experts. They scored financial advisors on more than 25 variables across five categories, and analyzed the results to give you a hand-picked list of the best financial advisors in Minneapolis, MN. See our award recognition.
By Kathy Longo, CFP®, CAP®, CDFA
Wednesday, 05 April 2017
Retirement is definitely a major life transition and can create challenges to strong relationships. After years of happiness, sometimes one or both spouses can find themselves feeling alienated from the new situation or otherwise frustrated by the change.
We often consider the financial implications when approaching retirement, but can overlook how our marriage or relationship might be affected when the time comes to retire. It is difficult to anticipate what changes might take place with how we will spend our time. We typically struggle to anticipate what types of hobbies, activities or new endeavors might be taken up once the day comes to close the door on one big chapter of life.
