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Category: Retirement Planning

Should Your IRA Include Real-Estate Investments?

If you have a self-directed IRA, you can hold a variety of different investments, such as stocks, bonds, and mutual funds. In fact, this kind of retirement plan allows investing in all types of real estate, including commercial properties and residential homes.  However, before you decide to pursue this option, let’s examine some of the pros and cons of utilizing your IRA this way.  The following topics are discussed below: What is a self-directed IRA (SIDRA)? The differences between SIDRAs […]   Read More
Date: September 29, 2022

Is Your 401(k) Taking on Too Much Risk?

People may envision themselves sitting on a beach and sipping Mai Tais when they think of retirement. This isn’t a bad image, but it isn’t complete—unless you have a plan to fund your golden-years income. I know what you’re thinking: “Retirement? Who cares about that? It’s so far away.” The problem is that if your 401(k) isn’t reviewed often enough, your future income could be significantly less than you are expecting to live on. So, let’s explore why it’s important […]   Read More
Date: August 29, 2022

Make Like a Banker—Stress Test Your Retirement Strategy

You’ve probably heard of stress tests for banks. These are designed to anticipate (and thereby lessen the impact of) worst-case scenarios: What if a stock market crash happens? What if rates go up? But what about your retirement money?  Similarly, you should also be thinking about how you would react to adverse scenarios, such as an unexpected medical emergency or the death of your spouse. A retirement stress test can help evaluate how well prepared you are for unexpected events […]   Read More
Date: August 15, 2022

How We Helped Janice Create a Successful Retirement Plan

Janice was a new client who came to us to set up a retirement savings financial plan. She was 55 and wanted to retire in 10 years.  Her investments for retirement were primarily in a 401(k) plan through her employer. She owned a lot of company stock. She also had an account at a major brokerage house and invested in an assortment of stocks, mutual funds, and bonds. Janice was unsure how that was working for her.  She was thinking […]   Read More
Date: July 26, 2022

6 Smart Strategies for High Net Worth Retirement Planning

High net worth (HNW) families such as yours face unique challenges, and opportunities, in the years leading up to retirement. You require sophisticated planning that addresses the complexities that inevitably accompany affluence, from tax strategies to estate plans. It’s critical to partner with the right professional financial advisor, someone with the knowledge and experience to customize solutions for your unique circumstances. And a friendly, caring attitude wouldn’t hurt, either. Here are six elements of an overall strategy that map out […]   Read More
Date: July 14, 2022

The Big Mistake Richard Made Managing His Retirement

We’ll call him Richard so as to not embarrass him. Richard is a great guy, but sometimes he can’t seem to get out of his own way. Richard’s made many mistakes over the years, including: Buying a timeshare Investing in a family member’s startup Taking Social Security benefits before age 70 Failing to diversify his stock portfolio But the biggest mistake in Richard’s personal finance strategy was to utilize the services of a broker-dealer. B/Ds tend to focus more narrowly […]   Read More
Date: June 21, 2022

We’re Afraid of Running Out of Money During Retirement

Many Americans might not go completely broke in retirement, but the fear of running out is real, especially when financial markets fall. According to a February 2021 research report by the National Institute on Retirement Security, 56 percent of respondents said they are concerned about achieving a financially secure retirement.  The good news is that the right financial professional can help ease your fears by showing you how to make your money last longer. In this article, I share some […]   Read More
Date: June 3, 2022

How Interest Rate Changes REALLY Impact Retirement

Yes, higher interest rates are here. No, they do not signal the end of your assets or savings.  Despite market volatility in the markets and drama in the news, you can still retire with confidence in CT.  In fact, retirees and those planning to retire in the New Haven and Hartford areas do not need to panic. Read on and I will explain both why and how you may even be able to increase your returns.   Inflation, Interest Rates, […]   Read More
Date: May 20, 2022

Reduce Your Retirement Tax Bill With a Backdoor Roth Conversion

Capital gains and other taxes spike for higher income brackets, so reducing tax liability is crucial in high net worth investing strategies.  Roth IRAs present a rare opportunity to accumulate gains and withdraw them tax-free in retirement. However, direct contributions are not allowed for higher-income individuals. If your individual Modified Adjusted Gross Income (MAGI) is $144,000 in 2022 or your joint MAGI is $214,000 in 2022, you cannot contribute to a Roth IRA.  However, there is another long-term investing strategy […]   Read More
Date: March 21, 2022

Inflation is Here: How to Protect Your Retirement

Working with a registered investment advisor in CT, can help alleviate a rise in blood pressure caused by the recent rise in inflation. While retirees are likely to be some of the most affected, an investment advisor can help you prepare with a retirement strategy that accounts for any crisis often resulting in inflammatory periods. Before you can make an informed plan on how to protect your retirement, you need to understand what causes inflation to rise, what you might […]   Read More
Date: March 7, 2022