Retirement Planning

There are several distribution rules that make Roth IRAs great savings tools for early retirees.

The cost of a second home is large. Large enough that it can ruin your retirement plan.

Which account you should fund depends on your circumstances. However, there are some general guidelines you can follow to make your decision.

I’m turning 60 this week. Even though I plan on working as long as possible, this is an important check point.

No matter how small your savings or when you start accumulating them, those small changes have large effects over time.

If you save this target, your assets have a better chance of seeing you all the way to the end.

The class will be held March 19 through April 2, 2020 each Thursday from 11:00 AM to 12:30 PM at Homewood Suites in the Albemarle Room.

No matter how small your savings, those small changes have large effects over time.

Continuing to work for five more years could increase your retirement standard of living by as much as 50%.

“After all this savings, I have about $3,000 per month left to save somewhere. Where should I save it?”

There are at least seven major mistakes in this advice by Wells Fargo Asset Management.

In 2004, David Marotta wrote a seven part series originally titled “Retirement Wisdom.” The series explained the the seven principles to reaching your retirement goals.

Anything which is not contributing toward your financial independence should be considered part of your lifestyle spending.

The FIRE (Financial Independence, Retire Early) movement is a suggestion that you should have the goal of achieving financial independence and retiring while you are young.

It is hard to prioritize saving, but it pays off. Here is how.

On Tuesday, April 9, 2018, David John Marotta appeared on Radio 1070 WINA’s Schilling Show to discuss how to achieve success and significance in retirement by both adequately savings for retirement and finding fulfillment during that period of your life.

If you have to choose between your retirement or your children’s college savings, choose your retirement.

It was our article which first suggested this six year ago.

Most of the assets you use to fund your retirement will come from compounded growth.

A fee-only financial advisor can provide the decades of support and encouragement to make financial planning, effective life planning.

For many investors, a fee-only advisor pays for themselves in reduced expenses alone.

Risk is about understanding your own greed, fear and pride.

Sometimes the change can be in a direction you did not expect.

Every pay period, pay yourself first. You won’t miss what you don’t see.

Failure to plan for retirement is the primary reason why retirement plans fail.

Retirement doesn’t give you a second chance. Measure twice and retire once.

Find out today how much you should be saving and investing this month! If you think a $1 million dollar portfolio is overkill, you haven’t really run the numbers.

Even though you are required to start taking RMDs you can still take advantage of significant tax planning strategies.

The rules for post-70 ½ IRA contributions depend upon whether the account is a traditional IRA, Roth IRA or SEP IRA.

SEP plans offer a powerful way to provide for your own retirement in the same way that 401ks do.

Retirement planning should begin the moment you receive your first paycheck.

“In 34 years as a financial advisor, he has seen many people flunk retirement, but investment performance has never been the cause.”

David John Marotta was interviewed on radio 1070 WINA discussing which retirement accounts you should fund for the best tax outcomes.

Which account you should fund depends on your circumstances, but here are some general guidelines you can follow to make your decision.

Most tax professionals don’t think of such tax planning opportunities, because they have to focus on complying with tax accounting regulations.

Sometimes, there isn’t enough to do it all. Even then, fund your Roth.

Planning for your financial future is largely a question of dealing with the constant tension between living for today and saving for some future event.

As with many financial decisions, our gut feelings deceive us on this matter.

Here is a list of seven things which are important to ensure during these years

Because of inflation, today’s 20-year-olds will need over $7 million to have the same lifestyle when they retire.

At age 25, getting your 401(k) match funds 64.2% of your retirement.

Most young people don’t understand inflation as well as their parents and grandparents.

The study shows that 21 percent have saved nothing for retirement.

Retirement Planning is perhaps the single most important goal of comprehensive wealth management.

Your lifespan is decreased by 1.8 months for each year you retire early.

Several issues can cause retired clients to deviate from their safe spending rates.

Tax-free saving for retirement is only one of the many talents offered by Mr. Roth. If you have yet to become fully acquainted, consider this your formal introduction and start getting to know Mr. Roth today.

“Retirement today is a lot like an iceberg, where 90 percent of what’s really taking place is below the surface.”

Most people do not use all their skills at their place of work, so these other skills become hobbies. I am no exception. What I need to pursue these other dreams is financial independence, that is, decoupling my need to eat from my skill as as an artist.

Today’s carnival is all about retirement: saving for it, where to open accounts, how much to withdraw once you do retire, and more. Read on for more details!