Tag: financial planning

Nervous About Retirement?

‘Mary Dovel, CPA/PFS, managing partner at Telos Family Office in Charlotte, N.C., and a member of the AICPA Personal Financial Planning (PFP) Executive Committee advises that for the best outcomes when planning for retirement, “Clients are much happier when they have clarity and fewer decisions.”’

They recommend following these steps:
Start With an Overview
Consolidate and Automate
Talk About Worst Case Scenarios
Consider Test Runs

Calming nervous clients nearing retirement Read the full article, HERE.

Retirement Mistakes to Avoid

You’ve enjoyed the celebrations and a few days of “sleeping-in,” and now you’re ready to start your retired life. Evan T. Beach from Kipplinger recommends these easy steps to help start your retirement in the right direction and keep it on track for years to come.

Avoid purchasing big ticket items or taking extravagant trips. See if you can actually plan these investments while you are still working in order to preserve retirement funds. It will also keep you from tapping into social security and retirement funds too quickly which can help with your tax rates later in life. Be sure to work with your financial planner to adjust your investment strategy, be careful not to lose touch with former co-workers and other acquaintances, and create a daily schedule for yourself. All of these things are an important part of maintaining an active life in retirement.
Read more here: Five Mistakes to Avoid in Your First Year of Retirement

Retirement?

As clients approach the presumed age of retirement, some are beginning to question this expectation. In her article, Why retire? 10 reasons clients should keep working, Ann Marsh for financialplanning.com offers ten valid reasons why you might want to continue working, drawn from money management professionals.  One sites this article as well, Voices The worst retirement advice I ever gave. What will you do when the time comes?

How To Become Rich

Here in Austin especially, there are plenty of wealthy people who don’t wear the latest fashions or drive the best cars, an indication that they may already know the ten “secrets,” Jocelyn Black Hodes offers in her article for MarketWatch.com, 10 things rich people know that you don’t.

Texas, 529 College Savings Day

tcsp-logoCollege is not always the first thing that comes to mind when you are preparing to have a baby.  But it’s amazing how fast the years go as your child grows, and how just a little preparation can ease any transition in your life.  Today is 529 College Savings Day, in Texas.  Click Here to find out more about the plans Texas offers and take a step toward your child’s future!