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.
Hot Flashes and High Costs: The Financial Side of Menopause
Menopause is an inevitable journey for women, and planning can make all the difference to your health and finances. Remember, you’re not alone — there are experts who specialize in managing menopausal symptoms and can guide you through the process.
The Latest
It’s important to take proactive financial steps now, such as eliminating debt including credit card debt and any other significant debt that could get in the way of arriving at your retirement savings number (the amount of savings you will need to cover your projected retirement expenses).
Many people dream of packing up and moving to somewhere sunny with warmer weather to spend their retirement. However, it's essential to consider several factors before making such a retirement move: aspects like healthcare accessibility, cost of living, taxes, social networks and proximity to family should all be carefully evaluated to ensure a comfortable retirement experience.
We have been trained to become experts at playing the long game, emphasizing tomorrow over today and often sacrificing the present and our health for the future. Saving instead of spending. Working longer now so you can enjoy the fruits of your labor later. Putting off travel, expenses and enjoyment so you can reap the rewards in retirement.
What better time than the start of a new year to craft your financial future. Working with a CFP® professional provides direction in several areas of personal finance, including budgeting, investments, insurance and tax planning.
It’s important to note that when tax-loss harvesting, the replacement investments have a lower basis and, if sold, will recognize the gain deferred from the sale when first harvesting the loss. That said, a good strategy may be to hold these positions in one’s portfolio for as long as possible and consider it a core holding, held long-term.
Recent events have accelerated discussion around estate planning and end-of-life preferences. But we don’t need to wait for a world event to review our estate plans – personal life events matter, too.
This rule suggests that retirees can withdraw 4% of their retirement savings every year for the duration of their retirement. However, as economic landscapes and life expectancies evolve, the original 4% rule is increasingly being considered outdated and in need of a revamp.
The beginning of the holiday season is a great time to sit down with a financial advisor to go over your spending and finances. Having someone organize your finances and then make appropriate recommendations will enable you to be smarter and more efficient with your money.
A CFP® professional – a financial advisor who has earned CFP® certification – can assist you in many areas of financial planning, providing holistic advice and behavioral coaching. CFP® professionals work on all the elements of comprehensive financial planning.
With unpaid leave as many people’s only option, families must scramble for cash to cover their expenses while away from work. While leave is vital at this crucial time of the family's development, in the U.S. unpaid parental leave is too expensive for most families to afford.