When you purchase through links on our site, we may earn an affiliate commission. Here’s how it works. Answer: Some might think that having $4 million is enough for a luxury retirement, but with so much economic uncertainty, it makes sense to ask this question. One of the trickiest elements of retirement planning is figuring … Read more
Find out when US workers are retiring, and learn how to determine the best retirement age for you. If you’re like most people who’ve started thinking about retirement, you may have already searched online about average savings at retirement or average savings by age to benchmark your progress against your peers. Theres another piece of … Read more
The good news is that you can you use a Self-Directed IRA or other self-directed retirement plan (e.g. 401k) and invest it in a new or existing business or franchise. You cannot invest in a business in which you already have an ownership interest, but all other businesses are fair game. You can use your … Read more
In today’s litigation-happy world, protecting your hard-earned assets has never been more important. With over 1.3 million attorneys in the United States (making it the most litigious country on the planet), the threat of lawsuits lurks around every corner. One question I frequently hear from clients is “Does a trust protect from lawsuit?” The short … Read more
Did you know that if you had $1 million in dollar bills, it would literally weigh a ton and take you about 12 days to count it all? No matter how you slice it, that’s a lot of money! For a long time, a $1 million nest egg was the measure of retirement planning success. … Read more
Are you worried about losing your Social Security benefits because you’re still earning income? Good news – not all income counts against your Social Security earnings limit! I’ve helped hundreds of clients navigate these confusing waters and today I’m breaking it all down for you. If you’re under your full retirement age and receiving Social … Read more
The SSI and SSDI disability programs offer benefits for disabled or blind people. However, the financial eligibility requirements are different. The main difference between Social Security Disability (SSDI) and Supplemental Security Income (SSI) is the fact that SSDI is available to workers who have accumulated a sufficient number of work credits. SSI disability benefits are … Read more
As Americans live longer and face growing concerns about outliving their savings, annuities are becoming a popular way to create steady retirement income. Annuity sales surpassed $432 billion in 2024, according to data from LIMRA, drawing many retirees to the promise of guaranteed payments for life. But while these products can provide stable, reliable income … Read more
Many American workers have assets in one or more employer-sponsored retirement plans (i.e., 401(k), 403(b), profit-sharing plans) to help save for the future. But what happens if you change jobs? Oftentimes, these accounts don’t come with you, so they are set aside to deal with later – in fact, an estimated 1 in 5 U.S. … Read more
Have you ever wondered if you’re allowed to contribute to both a 401(k) through your employer AND have your own Roth IRA on the side? Good news – you absolutely can! Not only is it totally legal, but it might be one of the smartest retirement moves you’ll ever make I’ve spent years helping people … Read more
