An Estate Plan or a Wealth Transfer Strategy?
Basic estate planning documents may not communicate your intentions. Provided by Marc Aarons @ Money Managers, Inc. There are three degrees of estate planning: advanced, basic, and none at all. Basic is better than none, but elementary estate planning can still leave something to be desired. While appropriate documents may be in place, they may […]
Are You Really Saving Enough for Retirement?
Why an early start (and accepting some risk) matters. Provided by Marc Aarons @ Money Managers, Inc Are you on track to save $1 million or more for retirement? If you are 50 or younger, you may need that much in savings to generate the kind of retirement income you prefer. Personal finance website […]
Why You Should Stay Invested Through Tense Times
Crises pass, and markets eventually regain equilibrium. Provided by Marc Aarons @ Money Managers, Inc. We have seen some uneasy times lately. Uneasiness impacts the financial markets. When it does, we all need to keep some long-term perspective in mind. Those who race to the sidelines and exit equities may regret the choice when […]
Financial Priorities Young Families Should Address
Wise money moves for parents under 40. Provided by Marc Aarons @ Money Managers, Inc. As you start a family, you start to think about certain financial matters. Before you became a mom or dad, you may not have thought about them much, but so much changes when you have kids. Parenting presents you […]
Has Your Identity Been Stolen?
Keep an eye out for these signs. Provided by Marc Aarons @ Money Managers, Inc As NBC News notes, identity theft hit 15.4 million Americans last year. Perhaps it hit you. You know you have been victimized when you get that courtesy call or email from a bank or credit card issuer, but is […]
Getting (Mentally) Ready to Retire
Even those who have saved millions must prepare for a lifestyle adjustment. Provided by Marc Aarons @ Money Managers, Inc. A successful retirement is not merely measured in financial terms. Even those who retire with small fortunes can face boredom or depression and the fear of drawing down their savings too fast. How can new retirees […]
Cyber Currencies: A Risky Choice
Investors attracted by bitcoin & other altcoins should recognize their downsides. Provided by Marc Aarons @ Money Managers, Inc. Bitcoin. Ethereum. Litecoin. Ripple. These are just four of the cyber currencies attracting opportunistic investors today. Are they the next big thing? Or the next big bust? The answer to that question may vary per […]
Do You Have a Financial Wellness Program?
Companies are luring & retaining employees with this key perk. Provided by Marc Aarons @ Money Managers, Inc. What do your retirement plan participants wish you would offer? Besides the chance to save and invest part of their paychecks, that is? The answer could be “a little more help.” Last year, Charles Schwab surveyed […]
A Look at Self-Directed Brokerage Accounts
Some retirement savers choose this option in their 401(k) plan. Provided by Marc Aarons @ Money Managers, Inc. Ever hear of an SDBA? That acronym stands for self-directed brokerage account. If you are enrolled in a 401(k), 403(b), or 457 plan, you might want to see if your plan gives you this option, […]
Will You Really Be Able to Work Longer?
You may assume you will. That assumption could be a retirement planning risk. Provided by Marc Aarons @ Money Managers, Inc. How long do you think you will work? Are you one of those baby boomers (or Gen Xers) who believes he or she can work past 65? Some pre-retirees are basing their entire retirement […]