Hartford’s Top Financial Advisor Reveals Retirement Strategies for 2024
Gone are the days when a lifetime career with one employer led to a secure pension payment for the rest of your life. Now, the responsibility for building a retirement fund primarily falls on individuals with matching employer contributions. Retirement planning in 2024 is another opportunity to add to your retirement assets. For many, saving enough assets for a comfortable, secure retirement is a significant challenge. Several variables can impact the accumulation of these assets: Inflation, taxes, rising life expectancies, […]
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Date: December 29, 2023
Every Month Counts: 2024 Retirement Planning Made Simple
As a fee-only fiduciary financial advisor in Hartford, CT, taking a more defensive approach to retirement planning is important, especially when the securities markets are extremely unpredictable. Based on that, we have developed a 2024 retirement planning calendar that lists the many unknowns that could impact your retirement plans next year: persistent inflation, rising interest rates, a 2024 Presidential election, and continued market volatility. Regardless of what happens in the economy or stock market in 2024, your retirement plan should […]
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Date: December 27, 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
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
Does Your Financial Plan Need a Check-Up in 2022?
If ever there was a year to review your financial plan, 2022 is it. We’ve come off three consecutive years of solid stock market gains, increasing investor wealth (at least, on paper) even as we continue to plow through the COVID-19 curse. In other words, you may be experiencing a change in both circumstance and attitude as 2022 unfolds. It’s time to review your high-net-worth investing strategies, your long-term investment plans, and most of all, your post-COVID life priorities. […]
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Date: February 21, 2022
Your FRA and What It Means to Your Finances
When it comes to retirement, knowing your Full Retirement Age, or FRA, is just as vital as knowing your Social Security number and your birthdate – that “magic number” determines when you can start taking your full Social Security benefits, how much you’ll receive, and ultimately, how much money you’ll have in retirement. While Social Security likely won’t supply the bulk of your retirement income, especially for those planning a high net worth retirement, your benefits will play a crucial […]
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Date: April 5, 2021
A High Net-Worth Financial Planning Tip: 6 Times to Revisit Your Budget
Few things are more personal than your budget. Among other things, a budget is an attempt to impose order upon an unpredictable future. Your budget should reflect your priorities and your financial circumstances, both of which can shift over time. Affluent, high net worth professionals have many opportunities for setting, achieving and revising goals that are sensitive to dynamic changes – whether it’s responding to unanticipated events or fulfilling a long-held dream. Given the central role your budget plays in […]
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Date: February 8, 2021
New Year’s Resolutions: Using What We Learned From 2020 (And 1986)
The year 2020 will not soon be forgotten. For some, the market created significant new wealth. But for many folks, the year was terrible in terms of health and finances. Even so, it’s an ill wind that blows no good, so we would do well to pay attention to the year’s hard-learned lessons. Perhaps the best way to do this is to apply some new wisdom to our 2021 New Year’s resolutions. Another year worth studying is 1986, leading up […]
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Date: December 14, 2020
