Deciding What’s Next

As you retire, how do you want to move forward with your life? The biggest retirement questions are not necessarily financial. They concern purpose, well-being, and the meaning of life. You should know “what’s next” as you leave work. This is important. If your personal identity is closely tied to your career or business and most of your friends work …

401k financial planner Chandler

401(K) Plan Choices for Job Changers

By the numbers  The IRS requires an employer to withhold 20% for federal tax purposes when an employee takes a 401(k) distribution in cash.  Employees younger than 59½ may be penalized an additional 10% by the IRS. If you separate from service after age 55, this penalty does not apply.  When employees roll their assets into other qualified plans or …

layoff financial advisor Ahwatukee

Managing a Job Layoff

When you are apart of a small or large layoff there a few key points and decisions you will need to make. Key points Work closely with your financial advisor to establish spending priorities and determine the best options for managing retirement assets.  Apply for unemployment benefits immediately. There are strict deadlines that can’t be missed.  If possible, don’t let health …

retirement planning tempe arizona

Financial Issues as Retirement Draws Near

Careful planning in the months before retirement can help you ensure a smooth transition. Key Points You should try to reduce or eliminate credit card debt before you retire. Make sure to determine which accounts you will withdraw from first. Remember to work with your financial advisor to develop an appropriate asset allocation strategy By the Numbers 59½ is the …