Financial Articles

Much like a plant requires soil, sun and water in order to grow and flourish, your retirement requires other factors besides a financial plan in order to bring fulfillment, such as relationships, health, identity and purpose.

I’m all about setting goals and dreams that align with your purpose; however, as this article states, putting happiness in the attainment of your goals and dreams isn’t where you will find ultimate fulfillment. Instead, it’s in the progress.

As one of the most inspiring mentors I look up to, Strategic Coach founder, Dan Sullivan, has a saying: “Our eyes only see and our ears only hear what our brain is looking for.” This advice can be applied to many areas of life, and that includes the process of creating a comprehensive retirement plan.

While you might expect the universal retirement fear to be running out of money, it goes beyond dollars to declining health; specifically, an Alzheimer’s diagnosis.

To determine if you are a constrained investor, you would calculate the ratio of your minimum annual living expenses to the value of your net investment assets. If the outcome is more than three percent, you could be classified in the constrained category.

Practicing gratitude is not always a conscious decision we all make. As author Jeremy Walter says here, “The more abundance we live in, the harder it is to be grateful.”

For the first time since August 2019, the U.S. economy saw a yield curve inversion. This means the interest rate paid on our short-term debt exceeded the paid interest rate on long-term debt of the same quality.

In case you missed it, the U.S. House of Representatives recently passed a new retirement security bill (SECURE Act 2.0), which is a revamp of the 2019 SECURE Act that overhauled various retirement tax rules.

A big part of protecting your lifelong savings includes ensuring you have the correct property and casualty coverage.

We preach on the importance of tax efficiency at Howard Bailey, and one of my favorite go-to financial websites is taking that a step further, specifically in the realm of index funds.

When it comes to retirement planning, there is no silver bullet. We all want optimized strategies to secure our financial future, but the reality is, life happens, and any obstacle can quickly throw a wrench in what was thought to be your “perfect” plan.

Thoroughly understanding your Social Security benefits is complicated. With the rules and regulations being far from straightforward, maximizing your filing strategy might seem difficult to navigate as well.