When it comes to managing your investments in retirement, the author of today’s article notes that “hiring a financial advisor can set you back 1 percent or more of your investable assets – if you have $250,000, you’ll spend $2,500 per year in expenses. That’s money that could have gone toward reinvesting and growing assets, taking a vacation, paying taxes,…
How can you get control of your spending without having to devote precious time to tracking every expense? Today’s article outlines one spending system that can be employed to accomplish this: bucket budgeting. This is the system the author’s husband uses, and she notes that it “allows him to prefund his expenses, keep his spending in check and avoid having…
The GOP’s new tax bill – the Tax Cuts and Jobs Act (TCJA) – is far from a done deal (see the GOP’s failure on healthcare reform). Still, the author of today’s article advises that “those living in retirement and saving for retirement should start to review their sources of income, their expenses, prior tax returns, and conduct what-if analyses…
While many investors will not begin to think about taxes for several more months, today’s article argues that “anytime is a good time for tax planning” and that this time in particular – the fourth quarter of the year – is a particularly good time for this, stating that “planning before the end of the year increases the number of…
Might the generation that is the furthest away from retirement – millennials – actually be the most retirement savvy? Today’s article argues that “despite the long time horizon, millennials recognize the importance of saving for their retirement” and outlines the specific ways in which this generation is “getting it right”. What can be learned from millennials about tacking expenses, saving,…