Use a Retirement Planner to Avoid Five Critical Retirement Mistakes
Retirement is a distinct phase of life that everyone aspires to reach. It is the time to enjoy the rewards of a lifetime of hard work, saving, and sacrifice. However, it’s important to know that successful retirements require strategic planning by an expert to avoid critical errors that have dire consequences. That’s where the services of an experienced retirement planner in Woodbridge, CT, can be the difference between winning and losing the race. In this article, we’ll share five of […]
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Date: August 1, 2023
Six Retirement Tips From a Woodbridge, CT, AIF® Financial Advisor
For high-net-worth individuals, retirement planning is not simply about building a nest egg. It involves a complex web of considerations, from maximizing retirement savings to planning for health care late in life. As a fee-only, fiduciary financial advisor based in Woodbridge, CT, I’ve helped hundreds of successful individuals and families create sustainable retirement plans over the last 30 years. As your wealth accumulates, so should your need for a highly experienced financial professional who has earned the Accredited Investment Fiduciary […]
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Date: June 26, 2023
7 Essential Retirement Planning Tips for High-Net-Worth Individuals
Retirement planning is a critical aspect of prudent financial management, and it becomes even more complex when dealing with substantial wealth and income. High-net-worth individuals face unique challenges and opportunities when preparing for their golden years, and having the right strategic plan in place is essential. In this article, we will explore seven key considerations that can help you navigate the complexities of retirement planning as a high-net-worth individual and your family. Read our Quick Guide on Connecticut Retirement […]
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Date: June 19, 2023
“What if I Run Out of Money?”
Is a recession coming? Are you worried about running out of money after retirement? With the financial uncertainties caused by a likely 2023/2024 recession, global economic turmoil and increasing life expectancies, even some affluent families and individuals are growing apprehensive about their financial future. However, there is a way to ease those fears—by getting proactive. If you create a comprehensive financial plan for your post-retirement years, you can ensure that your retirement savings last throughout your life. We just need […]
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Date: March 31, 2023
How a 2023 Recession May Impact the Elderly
As the economy continues to show uncertainty, many people are asking themselves how a potential recession in 2023 may impact their finances and future plans. This is especially vital for the elderly population: People living on fixed incomes are facing heightened levels of financial concern alongside retirees-to-be with fewer working-age years left before retirement age. Even financially independent families and individuals should be aware of the potential risks posed by a 2023 recession. It’s vital to understand which actions taken […]
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Date: March 30, 2023
How to Recession-Proof Your Retirement Savings
A lot of people have been Googling, “are we headed for a recession?” This is because a growing number of people in the financial industry see a recession this year as inevitable. Opinions vary as to how long it could last or how severe it’s likely to be, but nearly everyone agrees that it’s happening. At this point, it’s more of a question of “how soon” than anything else. However, another good question may be, “Should I be concerned about […]
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Date: February 20, 2023
Why You Should Regularly Update Your Retirement Projections
Retirement planning is an important process that should become a lifelong habit, especially if you are a high-net-worth individual. Given today’s challenging economic and investment environment, it’s even more important to regularly revisit and refine your long-term projections and strategies. Otherwise, you’re driving blindly into the future. Keeping them up-to-date can help ensure that you are prepared for whatever uncertainties may arise in your post-retirement life. This is good because, unfortunately, car accidents, divorces, and lawsuits lack the courtesy to […]
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Date: January 9, 2023
Sole Survivor: How John’s Planning Supported Jill’s Retirement
Divorce is never easy, but it can be made easier—if you plan for it ahead of time. Believe it or not, you may still retire with confidence in Woodbridge. For example, let’s take a look at how a family working with their financial advisor got through a divorce without undue stress or hardship. We’ll also examine their situation before the split in order to see how they got through it afterward. This article discusses the following: How proactive planning can […]
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Date: October 28, 2022
How Inflation Affects Your Taxes in Retirement
Inflation is an inevitable part of life. It means that prices will increase over time, and (believe it or not), in some cases, that is good news. For example, inflation can help the economy grow more quickly and provides more opportunities for workers to raise their salaries over time. Sometimes it can help countries and individuals with high amounts of debt pay their creditors off more easily, as well. However, when it comes to retirement savings and taxes, even for […]
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Date: October 18, 2022
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 […]
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Date: September 29, 2022
