Financial Planning

Benjamin Franklin was once quoted saying, “…In this world, nothing can be said to be certain, except death and taxes”, and the same belief can certainly be applied to the world of financial planning.

There is no “perfect” portfolio, but there is a perfect portfolio for you. It mirrors your personal values, financial goals and unique situation, which is why we at Howard Bailey focus on developing your financial L.I.F.E. Plan.

Your decision regarding whether or not to delay Social Security benefits might come with a feeling of finality, but rest assured, that’s not the case.

Whether it’s financial, physical or emotional support, you might be trying to provide care to two generations at once, which can put prioritizing your needs (financial or otherwise) on the back-burner. How do you decide who comes first?

If you haven’t heard, now might be the time to turn your attention to Series I Bonds (I Bonds).

If you’re still feeling uneasy about inflation, you’re not alone. Prices everywhere are continuing to rise, and it might seem as though there’s no end in sight. When will we see relief?

This article hones in on utilizing actuarial methodology when it comes to determining how much you can afford to spend in retirement – specifically, through the floor-and-upside approach.

All eyes are on the Build Better Act as it works its way through Congress. While nothing has been set in stone yet, it’s important to consider how the tax implications of this bill might affect your retirement plan in the event they make it through the legislative process.

How do you factor the unknown into your retirement calculations? Note the key variables highlighted in this article that can greatly fluctuate your retirement projections.

Take a moment to think about how you have evolved over the past decade. The changes you find might be profound. You certainly have learned a lot and gained more life experience, however, the other aspect to keep in mind is what this article refers to as the “end of history illusion”.

While the four percent rule might be a well-known standard, a recent Morningstar panel determined that in today’s economic climate, a 3.3 percent withdrawal rate might fare better for a conservative portfolio.

The odds are in your favor when it comes to living longer; however, that also means creating a retirement income stream you don’t outlive is more imperative than ever.