Comparing their features, merits, and demerits. Provided by Brad Tiche How do you save for retirement? Two options probably come to mind right away: the IRA and the 401(k). Both offer you relatively easy ways to build a retirement fund. Here is a look at the features, merits, and demerits of each account, starting with what they have in common. Taxes are deferred on money held within IRAs and 401(k)s. That opens the door for...
Unmarrieds need to approach retirement planning pragmatically. Provided by Brad Tiche In an ideal world, it would be simple to prepare for a solo retirement. You would just save half as much as a couple saves, buy half as much insurance coverage, and expect to live on half the income. Reality dictates otherwise. Real-world planning for a solo retirement begins with an assumption. You assume, at some point, that you will retire alone. You may...
Bluegrass and Barbeque On May 19th we hosted our sixth annual Client Appreciation Celebration and Referral event, Bluegrass and Barbeque. Thanks to all who joined us at North Park on a beautiful, (mostly) sunny day to enjoy a spicy bowl of chili by Revival Chili, a delicious meal by the folks at the Big Black Grill, and handmade Pig cutouts by the Cookie Artisane as well as live bluegrass music by The Well Strung Band...
They are all too common. Provided by Brad Tiche Many households think they are planning carefully for retirement. In many cases, they are not. Weak spots in their retirement planning and saving may go unnoticed. Couples should recognize that they may face major medical expenses. Each year, Fidelity Investments estimates how much a pair of newly retired 65-year-olds will spend on health care throughout the rest of their lives. Fidelity says that on average, retiring...