Retirement planning is the process of determining how much you will need to save and invest in order to have enough money to live on during retirement. It involves setting goals, analyzing your current financial situation, and making a plan to help you reach your retirement goals.
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Home equity is sometimes overlooked as a viable resource in retirement. You don’t have to sell your home to find income and liquidity....
In today's episode, we examine the recent IRS Chief Counsel Memorandum, which introduces significant changes to one of the cornerstone strategies in estate planning. We explore how these new guideline...
Tax planning is a multifaceted process that requires a personalized approach, especially for high-income individuals and families....
I couldn't be prouder to have my name above the door at Keen Wealth Advisors. If you've read my book, you know that I have a very personal connection to financial planning, and it's been my lifelong m...
A guide to how to navigate estate planning as a single person....
I'm really enjoying this group and learning a lot, but I have a few basic questions. I'm a 60 year old male hoping to retire before 70. I have $500,000 in my 401k, and 17 years left on my mortgage (Th...
Are there lessons we should learn from the comparison of the Rockefellers and the Vanderbilts? In this episode, we look at the contrasting estate planning tactics of two of America's wealthiest dynast...
I know so many people talk about moving post-retirement for better weather or family or cheaper living. I live in a HCOL area that I located to for my career a couple of decades ago— other than ...
Follow this estate planning checklist for you (and your heirs) to hold on to more of your hard-earned money....
Have you thought about retiring abroad? Oftentimes when we think of retirement, we think about sunny beaches with crystalline water shimmering in the sunshine. Could this or some other idyllic vision ...
With AI on the horizon to enable the optimization of retirement income plan choices, the retirement fortunes of retirees are about to improve....
Adding pension income to Social Security benefits and income from required minimum distributions could see you facing a tax torpedo and higher Medicare costs....
ProjectionLab is a powerful financial planning toolthat empowersdo-it-yourselfersto set and track financial goals and forecast how their wealth will change over a lifetime. We can use it to experiment...
Jennifer, 54, plans to retire soon. Her husband, 70, is retired, on Social Security, and dealing with some severe health issues. Jennifer worries about possibly becoming single in retirement, which co...
There are 46 million foreign-born people in the United States, creating a new, diverse market for financial services, employers, and financial professionals to discover....
An agile retirement plan is your map for living a fulfilling life in retirement. Without one, you risk missed opportunities and perhaps regrets....
A lot of an estate can be wasted on lawyers' fees when wills or trusts have built-in conflicts....
My wife and are are heading toward retirement and will be updating our wills/estate plans. We are both quite active and mentally sharp; both have advanced degrees, but my family has a history of Parki...
Self-employed workers lack employer-sponsored retirement plans but have other options for tax-advantaged retirement accounts....
It’s no secret that Health Savings Accounts (HSAs) are intended to help with the burden of medical costs, allowing the account holder to contribute pre-tax dollars to ......
Retirement income planning can create the foundation for a successful retirement. In this episode we discuss a few critical mistakes to avoid and strategies designed to help create long term retiremen...
Revocable trusts allow the trust maker complete control over the assets and can be quite efficient when it comes to capital gains and income taxes....
I also share links to valuable research tools and model portfolios from the week....
Michael Kitces is one of the innovators in the retirement planning and financial services space.His blog and ecosystem of resources help retirees and financial advisors gain the base knowledge needed ...
For a solid estate plan, you should put powers of attorney in place, designate beneficiaries, tackle tax planning and more....
Retirement planning should start from the inside with your values, goals, and dreams, not be dictated by outside rules and guidelines....
I’ll spare you all the details as I’m not seeking direct advice (yet) but rather leads for direct advice. Who to trust? Is there an online application that can assist me in sorting timing ...
Estate planning can be a sensitive topic for families to talk about. Here's how to get past the awkwardness and discuss estate planning with your family....
Watching your budget helps you reduce unnecessary expenses, and keeping an eye on your net worth as it rebuilds can provide a psychological boost....
A lot can go wrong (including inadvertent law-breaking) if you choose to go the easy route rather than using a trust to transfer real estate to your child....
Check out the latest podcast episode on retirement planning and Social Security by listening on “Apple Podcasts” or “Spotify Podcasts” and watch more retirement planning videos...
Is this sub Reddit appropriate for asking about pre-paying funeral expenses? If so has anyone had any luck with ordering grave site monuments thru on-line monument companies? I ask because my local mo...
RIAs must consider the bottom line when evaluating health care planning options, but the positives of delivering more holistic and comprehensive planning to your clients should not be overlooked....
Retirement planning has changed over the years, but has the industry evolved to keep up? Your retirement needs are much different from those of your parents' generation. This is why it is important to...
As discussed in prior posts, the key to successful retirement planning is to annually determine your Funded Status, monitor it from year to year and Adjust spending when your Funded Status falls outsi...
I always had it in my mind that I would retire at age 65, but recently since my portfolio values are way up, I've been asking... is that really necessary? Can I bag it early? I'm really sick of workin...
In this episode we continue to compare and contrast retirement planning today vs. retirement planning in “the good old days”. Glenn is available for in person and online meetings if you'd ...
For high-net-worth families, there are financial planning strategies to take advantage of today before the rules change....
Master of Change by Brad Stulberg. I read this book a few months ago. It is a mixture of old philosophy & new psychological research on how to deal with change. I found it invaluable. I'm retiring...
Here is a list of questions your financial advisor should ask for you to maximize your Social Security benefits and determine your overall financial goals....
Key: You should determine your Funded Status annually and monitor it from year to year. Why? Your Funded Status is a summary statistic that reflects actual experience and can keep you on track to meet...
I see a lot of people here asking if they can retire, or saying they've asked their advisors if they can retire. It seems to me that they might be missing a valuable retirement planning tool: a budget...
Over the next two episodes we'll explore this question as we compare and contrast retirement planning today vs. retirement planning in “the good old days”. Glenn is available for in person...
You are responsible for your finances in retirement and need a plan that works. The Actuarial Approach, with its Funded-Status-focused process can help you: Grow your assets, Protect your assets, Spen...
Hey everyone! Have you been to Japan? We visited in 2010 and had a fantastic time. It was our last international trip before we had a kid. Travel was so much easier and carefree back then. We visited ...
We did it when my kids were young, but I was most concerned with who would care for them than anything else. The rest of it was noise to me, though my spouse was there to make decisions. They are olde...
Retirement planning is not the complicated problem that you imagine. It's complex. Here's why that distinction matters....
Are you considering passing down your assets to the next generation? Explore effective strategies for transferring your wealth, initiate the estate-planning process, and discover how estate planning c...
Retirement planning isn’t only for those close to retirement. In today’s post, we’ll review essential retirement tips by age range ... Read more...
I’m 66 next month and on FMLA from my high stress health care job with a mean boss. I’m done. When should I apply for Medicare? I’ll loose my insurance from work April 10th if I don&...