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Retirement Planning
Boost Your Retirement Savings
Saving for retirement is a great way to lower your taxes and build a sizable nest egg. Use these tax tips to boost your retirement savings. Would you walk away from money? If you’re among the 51 million Americans who participate in a company’s 401(k) plan, you can contribute up to $19,500 in 2020. And…
Read More6 retirement-planning mistakes to avoid when you are in your 60s
Once you hit your 60s, it’s time to figure out when you want to retire — and whether or not you can make it happen. By the age of 67, which is when people born in 1960 or later can fully retire on Social Security, you should have 10 times your final salary saved, according to…
Read MoreNo Pension? No Problem. Here Are 3 Steps to Replicate a Retirement Paycheck
Americans used to retire with a monthly pension from their employer. All they had to do was cash the check every month, and a sizable chunk of their retirement income was guaranteed. Nowadays, pensions are most common for government workers. Most people instead finance retirement from some combination of Social Security and tax-advantaged accounts like…
Read More3 Moves to Ensure You’re a Retirement Multimillionaire
Here’s a three-step strategy to retire as a multimillionaire. When it comes to retiring with a seven-figure nest egg, there are some circumstances that aren’t easy to control. For example, if you earn $50,000 per year, it will be tougher for you to retire as a multimillionaire than it will be for someone who earns…
Read More3 signs you won’t be ready to retire in 30 years, according to a financial planner
Financial planner Jovan Johnson. Courtesy of Jovan Johnson Even if you have 30 or more years before retirement, it’s possible that there are already some signs you won’t be ready. If you haven’t started using your employer’s 401(k), or are still making the same contribution you started making several years ago, you might need to make…
Read MoreCrisis Planning: 3 Ways To Keep Your Retirement Plan On Track
Retirement plan? What retirement plan? I know. It’s been pretty disheartening of late. Does that mean we’re going to stop planning? Nope. We’re moving ahead with our plan to invest in mutual funds with long-term growth potential. Still, with the pandemic causing so much grief and suffering, it’s hard to focus on financial goals. I…
Read More10 Books Warren Buffett Thinks You Should Read
Because a few fresh perspectives, and fresh strategies, may be all you need. One of my favorite things to do is ask writers whose books I love to list a few books they love; it’s a great way to get excellent recommendations. The same applies where business is concerned. If you’re a fan of Warren Buffett‘s, then reading…
Read MoreWarren Buffett Says These 10 Words Are Among the ‘Best Advice’ He Ever Got. (Here’s What Happened When He Did the Exact Opposite)
He called it: “one of the best pieces of advice I’ve ever received … It was such an easy way of putting it.’ People look to Warren Buffett for advice. Even those who challenge his conclusions have to concede his enormous influence. There’s a reason people call him the Oracle of Omaha. But that leads to a question: Who…
Read MorePODCAST30: How to turn your assets into a monthly check
Check out our complimentary download, How do interest rates play a role in retirement income strategies below. If you have any questions please give us a call at 504-832-9200
Read MoreHow To Get Tax Free Retirement Income In 2020
Whether tax rates are high or low, I will hear people complaining about the taxes they get to pay. Let’s be real; no one likes paying taxes. 2020 is an election year, and your vote could also affect your future tax bills. But with tax planning, there are a few ways to get more tax-free retirement…
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