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Near Retirement
You’ve maxed out your 401(k) and paid off your mortgage, so you’re ready to retire... right? Consult a CFP® professional to see if you’re on track to make the most of your golden years.
5 Options for Business Succession
If you’re a business owner, you may soon face a challenging decision: how to approach succession. This decision affects your family, your employees, your customers, your creditors, your wealth, your financial plan and your legacy. Understand that succession will come, whether you plan it or not. Here are five basic options for business succession planning; close the business, maintain ownership with others managing, sell or gift business to family, sell or gift to employees, or sell to a third party.
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International Women's Day: Financial Planning for Women Nearing Retirement
This International Women’s Day we honor women around the world and recommit ourselves to overcoming the challenges women face. One challenge that women may face is planning their retirement – women tend to live longer than men but have less invested for retirement. There is a lot to consider when it comes to retirement planning. For me, it is hard to imagine slowing down. What does grab my attention is the amount of money I will need to have at the time I do want to slow down and retire.
Avoiding Capital Gains Tax When Converting Single Stock Concentration Into Diversification
There is a solution for diversifying your single stock concentration. Meet with a CFP® professional and learn about a unique approach that would make it possible to easily diversify from one holding to a broad-based market exposure, without taking on an additional tax burden now. Exchange funds are private investment funds designed for long-term investors seeking to reduce their concentration in a particular stock without triggering a taxable event.
SECURE 2 0 Act What Workers Need to Know About Retirement Savings
The SECURE Act 2.0 was designed to make saving for retirement easier. This new law is intended to make saving for retirement even easier than before. While not all the changes take effect immediately, the law is designed to encourage workers retirement savings and facilitate access to withdrawals from retirement savings plans.
Estate Planning: Thinking Beyond Your Immediate Family to Your Chosen Family, Interests & Pets
Estate planning can feel overwhelming, especially if we’re planning how to care for those beyond our immediate family. We have the family that we are born into, but many of us also have chosen family. We may have causes that are near to our heart, as well. Take the time to financially plan for who and what matters most to you by considering these five helpful tips.
Budgeting During Retirement
Congratulations, on making it to retirement! Now you have the time that you always wanted to do whatever you choose and focus on what brings you happiness. But the way your retirement looks to you at the beginning is not how it will look over time. Your retirement will evolve in phases as your priorities change.
User-Friendly Personal Finance Apps for Retirees
Financial apps and automated services are everywhere these days, promising to make life easier and help you make financial decisions. Here are some of the best electronic financial tools for retirees and how you should use them — as well as what’s best left to your human advisor.
Understanding Medicare
Medicare is a valuable source of health insurance for people 65 and older, and for some younger adults with permanent disabilities.
Social Security and Payroll Taxes, What You Need to Know Today
Here are the top 10 things you need to know about Social Security retirement income benefits and the payroll tax deductions.
10 Things to Know About Retirement
CFP® professionals share their thoughts on what they wish consumers knew about planning for retirement.
How to Recession-Proof Your Retirement Income Plan
Work with a CFP® professional to build your savings, pay off debt and optimize your finances to recession-proof your retirement income plan.