Working After Retirement In 2020, 74% of workers said they expected to work for pay after retiring from their regular jobs, but only 27% of retirees said they had actually done so. This large gap between expectation and reality has been fairly consistent in surveys over the past 20 years, and there is no [...]
Last year, I wrote about the importance of a contemporary and modern approach to financial planning that is very applicable for mid-life professionals who are in the midst of career change.Whether they have been impacted by job loss, transitioning toward new career pursuits, and/or considering leaving the working world altogether, I have advocated for a [...]
"You can't time the market" is an old maxim, but you also might say, "You can't always time retirement." Market losses on the front end of retirement could have an outsize effect on the income you receive from your portfolio by reducing the assets available to pursue growth when the market recovers. The risk of [...]
Welcome to 2021! For most people, the turning of the calendar is a very familiar ritual with New Year’s eve parties, resolutions to do better in the year ahead and more! But the transition into this new year is obviously very different. There were likely no parties unless you were celebrating at home solely [...]
If investing were a religion, one of its most profound teachings would be the gospel of diversifying your investments across the broad spectrum of asset classes. Academic research and investment history have demonstrated that this kind of investing potentially reduces portfolio risk, while allowing investors to participate in the long-term potential of investing in [...]
As 2020 comes to a close, we are already looking forward to a new year—and to a world very different from the one we’re leaving behind. Areas of the economy have been damaged and may never fully recover, but other areas will adapt, reinvent, and help reinvigorate growth. 2021 is primed to deliver advances to [...]
Most people have heard the often used quote, “There is no free lunch”. The unknown origins of the phrase began almost a century ago; however, it only began to be commonly used during the 1960s and 1970s when the Nobel Prize winning economist Milton Friedman used the term in his book of the same title, [...]
This year has been challenging on many fronts, but one financial opportunity may have emerged from the economic turbulence. If you've been thinking about converting your traditional IRA to a Roth, now might be an appropriate time to do so. IRA Conversion Basics Roth IRAs offer tax-free income in retirement. Contributions to a Roth [...]
Here are some things to consider as you weigh potential tax moves before the end of the year. Defer income to next year Consider opportunities to defer income to 2021, particularly if you think you may be in a lower tax bracket then. For example, you may be able to defer a year-end bonus or [...]
Market turbulence in 2020 may have wreaked havoc on your investment goals for the year. It probably also highlighted the importance of periodically reviewing your investment portfolio to determine whether adjustments are needed to keep it on track. Now is a good time to take on these five year-end investment tasks. Evaluate Your Investment Portfolio [...]
