What is a fiduciary? A person or organization that acts on behalf of another person, putting their clients’ interests ahead of their own, with a duty to preserve good faith and trust. Being a fiduciary thus requires being bound both legally and ethically to act in the other’s best interests. –Investopedia.com With retirement plans, there…
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There is nothing like waking up on a Monday morning…and taking a look at our national debt. That certainly ought to get your juices going, so let’s take a good look: Are you aware that as of September 2023, it costs 879 billion dollars to simply maintain our debt each year? This is 14% of…
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Let’s face it, inflation hurts. You may be buying a little less these days…or not, and just spending more. You may be performing a tango between the two. No matter, if you are breathing and spending your own money then chances are you’re starting to see the effects of inflation on your lifestyle. I heard…
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Do you have a Health Savings Account or access to one through a different health plan? Most people do. Are you contributing to it? Most people that have one are. Are you using it now when you have medical needs? A lot of people are. WRONG ANSWER!!!!! This is simply a case of you don’t…
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Thanks to legislation enacted over the past 5 years, our rating of a 529 has received a boost. The beauty of a 529 plan has always been the tax-deferred growth and the potential tax-free withdrawals for college. But…. Prior to 2017, this savings vehicle was pretty straight forward. You could use the funds for qualified…
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The phrase “if you don’t use it, you will lose it” applies to more ways than one in retirement…It’s not just your health or mind – it could be your credit, too! You can spend a lifetime building and maintaining perfect credit only to watch it dwindle when you stop using it. Well, is it…
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That is the million-dollar question…no pun intended. It sounds like a lot – and it is – but well, it’s not. It is exciting when that life event you’ve been anticipating finally occurs: retirement or selling your ranch or business. It is especially exciting when there is a seven-figure check involved. However, it is important…
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The August 2008 Money Magazine offered up an article of several successful individuals talking about the smartest financial advice they have ever received. Billionaire and CEO of Virgin records, Richard Branson shared a story about his lack of knowledge in the financial realm and being humble about what you don’t know. Have you ever noticed…
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A question we are often asked is, “What should we be doing before we retire?” One of the most important things to do is to start practicing retirement now. Too many people enter retirement unprepared. Don’t let that be you. Here are the top five must reads to help you start practicing your retirement: Power…
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That was a rhetorical question, but for good reason: to get your attention. Only 15% of US households contributed to a traditional or Roth IRA in tax year 2021. 1. This means even less than that contributed to a Roth IRA since this percentage accounts for both types of contributions. You may be aware that…
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