In late February, concern that efforts to contain Coronavirus Disease 2019 (a.k.a. COVID-19) might result in slower global economic growth disrupted global markets. Share prices fell as economists and financial analysts revised growth expectations, and investors worried about the possibility of recession.1, 2Efforts to contain the virus have included quarantines, factory and school closings, and […]
The SECURE Act included dozens of other provisions. Some went into effect immediately with the passage of the bill, and others were retroactive to the start of 2019. Many of these provisions will affect retirement, estate, and college savings plans.
Americans spent more than $20 billion on Valentine’s Day last year, and that number is expected to go up! Despite the cultural and technological changes in our modern world, people still enjoy a good old date – plus chocolates and roses. What are you planning to spend on Valentine’s Day?Whether you’re staying in or going out, […]
Growing evidence indicates that people can reduce their risk of cognitive decline by adopting key lifestyle habits. When possible, combine these habits to achieve maximum benefit for the brain and body.
Who is your primary beneficiary? As of January 1, 2020, new rules that are described in the SECURE Act will impact both beneficiaries and taxes for those people that have a substantial net worth contained in their IRA, and guess what? – the IRS is looking for a raise.
These excerpts come from a great article written by Ron Carson that you can find here on Forbes. The big questions he references are: Will I have enough to retire? Can I continue my career into later stages of life? How many years will I have in retirement? What financial challenges will I need to […]
Executive Summary The U.S. retirement landscape has changed dramatically over the past few decades. Fewer workers today are eligible to receive a pension and instead must save for their own retirements, typically through workplace savings plans. Replacement rates for Social Security are declining due to the increase in the “full retirement age.”* Income is becoming […]
Boomers and Gen Xers agree there is a
retirement crisis
– but there are generational
differences in how they’re responding
Thank you to Jay Mooreland for his presentation today at @FPAHouston! Our job as financial planners is not just to watch your money and help you achieve your life and financial goals, but also to help educate and coach you to be able to filter information that you are bombarded with on a daily […]
Here’s something to think about: typically, 60 – 100% of your business’ worth will be used for your retirement. Will you be able to live off of the current value of your business, or does that sentence make you nervous?