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Income Planning
Wednesday Q&A Should I take my employers stock option plan?
Should I take my employers stock option plan? Gregory answers this question during an episode of the Ask Gregory podcast. Click to listen below! Do you have questions for Gregory? Press the ASK GREGORY below and your question could be featured next! ASK GREGORY We’re Here to Help Have questions about this week’s content, or…
Read MoreRetirees Beware: These States Tax Your Social Security
Social Security benefits are meager enough, yet these states take some of that money away. Though it can be skimpy, Social Security is a major source of money for retired Americans: The Social Security Administratration says about 1 in 5 older married couples and nearly half of single seniors rely on their benefits for 90%…
Read MoreMany older workers entered the pandemic with little saved toward retirement. Here’s how they can improve their finances now
KEY POINTS A lot of older workers do not have a pension or 401(k) plan to draw money from when they retire. Many approaching retirement often have meager savings — just $88,000. If that’s you, there are steps you can take to help you live more comfortably later. Many people’s retirement dreams received a reality check following the…
Read More7 Must-Have Money Conversations You Need to Have Before Getting Hitched
On the first date, you discuss splitting the bill. Soon, you’re planning your first vacation together. Before you know it, you’re engaged and planning a wedding. If you haven’t already, it’s time to have the money talk. Financial things to talk about before getting married Yes, talking about money can be heavy, but it’s important…
Read More6 Mistakes You Don’t Want to Make When Choosing a Wealth Advisor
When you decide to choose a wealth advisor, this is a major decision. You’ve worked hard earning this money or preparing for your retirement. Here are six areas of concern to consider: 1. Hiring an advisor who doesn’t put your needs first You want to hire a wealth advisor who is prepared to answer all of your questions…
Read MoreSandwich Generation Faces Caregiving Challenges
The sandwich generation has it tough in the best of times. The pandemic has made it even tougher. Life is chaotic for the Galluzzos with the entire family at home all day. Photo by Gina LeVay Things were hard enough for Jennifer Galluzzo before the pandemic hit. Four years ago, the full-time working mother of three became…
Read MoreShould I Pay Off Credit Card Debt or Invest for Retirement?
The Story Getting rid of credit card debt and investing for retirement are both smart ways to set yourself up for long-term financial health. Meaning you might have some financial FOMO when deciding whether to focus on option A or B. So tell me how to make the right choice. Trick answer…C: build up your emergency…
Read MoreA Retirement Readiness Checklist
Determining if you’re on track to retire can be more manageable if you break it into smaller steps. As the mother of six kids, one of whom had special needs, my mom was organized, to say the least. She carefully calibrated her schedule to accommodate her many responsibilities and she relied on lists, always lots…
Read MoreWednesday Q&A Is there a cap on earnings once I make it to my Social Security FRA?
Is there a cap on earnings once I make it to my Social Security FRA? Gregory helps a caller with his question about Social Security earnings caps once you reach full retirement age. If you would like to submit a question that may be featured on the Wednesday Q&A, use the form below! We’re Here…
Read MoreOpinion: 10 things you should know about diversification
Picking a winner is harder than you think Holding a variety of assets reduces your portfolio’s overall level of risk. GETTY IMAGES/ISTOCKPHOTO One of the most important ways investors take care of their portfolios is by diversifying their holdings. If you’re not sure exactly what diversification is, or how to make it work for you,…
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