As you approach your top earning years the ages between 40-60 are absolutely crucial in regards to financial planning as well as retirement planning. Wealthnest Planners Certified Financial Planner, Kevin Foster reviews smart money moves to make in your forties and fifties.
High-Net-Worth Individuals and Charitable Giving.
Benevolence does not have to come at the expense of tax savings. LET’S BE CLEAR: CHARITABLE GIVING IS A STANDALONE ACT WHOSE VALUE IS TO BENEFIT OTHERS. But for high-net-worth individuals, it is not conflicting to point out tax considerations when making charitable contributions. The considerations are not to deter giving; rather, they are to guide the high-net-worth individual to …
Small Business Financial Planning
RUNNING A SMALL BUSINESS CARRIES WITH IT UNIQUE FINANCIAL PLANNING CHALLENGES, WITH MONEY CONCERNS AN ONGOING BURDEN FOR THOSE WHO WORK FOR THEMSELVES. After all, unlike salaried jobs where income is predictable, small business owners are often the last to get paid and the only one paying the bills. While there’s no magic formula to right the ship when it …
The Basics of Medicare Advantage Plans
Take a look at Medicare Advantage plans as you search for the best option for your health care needs. There are two ways to enroll in Medicare. The first is through original Medicare, which includes Parts A and B. The second is through Medicare Advantage plans, which bundle Parts A and B in an “all-in-one” health coverage package. Original Medicare …
Understanding the Business Cycle
While you may get wrapped up in news headlines and short-term swings in the markets, the reality is long-term investment performance is highly dependent on the business cycle. The business cycle (alternatively called the economic cycle) is defined as a period of economic expansion followed by a recession. The business cycle is defined by four distinct phases: Early Cycle, Mid …
What to know about Medicare before Retirement.
During National Medicare Week (September 21-27), take time to learn about this important program for covering your future health care costs. Medicare is essential for many older Americans, helping them cover the costs of many necessary health care services. You have to be 65 to enroll in Medicare, but that doesn’t mean you should wait to learn how the program …
Why Retirement Planning Is So Vital for Women
They face a heightened retirement savings challenge. How critical is it for women to build retirement savings? At least as critical as it is for men, perhaps more so because of two factors. Women have a longer life expectancy than men. That fact alone underlines the need for comparatively greater retirement savings. One Aon Hewitt research study projects that a …
Debt Should Retire When You Do
While credit cards can be convenient and often come with useful features, it’s important to minimize debt when retirement is near. These days, having a credit card is practically a necessity, even when you are retired. It’s hard to do things like buy airline tickets, rent a car, or place an order online without one. And, while monitoring your credit …
How Smart Investments Now Can Pay Off Down the Road.
Millennials inhabit a world in which there is rising inflation, debt, and healthcare costs. Now is the time for millennials to consider making investments that may put them in a position to succeed over the long term. Millennials make up more than a third of America’s population and are a driving force of the economy. Millennials have a lot at …
The Millennial Message, DON’T DELAY PLANNING!
Many millennials find planning their financial futures a daunting task. It need not be so. We offer some suggestions to get you on your way. When it comes to saving and investing, time is an invaluable asset. When you’re young, you have time to benefit from the compounding of earnings. You also have time to recover from your mistakes. Check …