Bella Mertz Regardless of how you cut it, $1 million in dollar bills is a lot of money, and did you know that it would literally weigh a ton and take you about 12 days to count them all? A $1 million nest egg was once considered the benchmark for successful retirement planning. It was deemed sufficient … Read more
The question of what kind of investment risk underfunded pensions pose is hotly debated. Limited disclosure and murky accounting make it challenging for investors to assess this risk. The following concerns about pension risk and the way investors should address them What is Pension Obligation Risk? Pension obligation risk, as defined by the National Association … Read more
Should a loved one have passed away recently and you believe you might be included in their will, you might be unsure of what to do next. A person who will inherit property upon the death of another is known as a beneficiary of a will. Information about their inheritance is contained in the will. … Read more
Organizing your finances after the death of a spouse takes precedence over many other new goals, such as paying tribute to their memory, locating resources for support, and concentrating on your own recovery. Figuring out benefits such as Social Security can feel overwhelming. Do you receive your spouse’s Social Security benefits upon their death? Depending … Read more
I’ve written several pieces discussing whether or not a specific sum of money would be sufficient to retire on. A million dollars. Two million dollars. I run a fictitious saving and spending scenario by a hypothetical couple, and we observe the results. All of the scenarios in this post were calculated using the WealthTrace Planner, … Read more
Retirement planning can feel like a daunting task, especially when it comes to figuring out how much money you need to save. While many experts recommend aiming for a $1 million nest egg, the reality is that you may be able to retire comfortably with significantly less. In fact, $500,000 could be enough to support … Read more
Having all of your assets appropriately funded into your living trust is one of the most crucial things you can do to ensure that, in the event that it becomes necessary, your plan operates as intended. And I Mean Everything. Your trust must be the owner of some of your financial assets and the beneficiary … Read more
Here’s the answer to your question, “How are Roth IRA contributions taxed?” Roth distributions are tax-free as long as you meet certain requirements, but there isn’t an upfront tax deduction for Roth IRA contributions like there is with a traditional IRA. You can withdraw your contributions (but not your earnings) from your Roth IRA at … Read more
Reaching the age of 38 often brings a sense of accomplishment and stability. You’ve likely gained valuable experience in your career, established meaningful relationships, and perhaps even started a family. However, amidst the joys of this life stage, it’s crucial to assess your financial standing and ensure you’re on track to achieve your long-term goals. … Read more
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