Paying Off Your Mortgage Early: Smart or Stupid?
If you are a federal employee, is paying off your mortgage early smart—or just plain stupid? Like most financial questions, the answer is: it| Haws Federal Advisors
CFP® Beth Pinsker shares lessons on caring for parents—covering wills, POAs, caregiving costs, and planning with compassion and clarity. The post Podcast 101: Caring for Parents, Planning for the Future with Beth Pinsker appeared first on Boldin.| Boldin
Here are 15 ways today's retirees say they would have planned differently, and what you can do to avoid these retirement regrets. The post Retirement Regrets: Top 15 Things Retirees Wish They Had Done Differently appeared first on Boldin.| Boldin
Through quotes from John Wooden, learn how consistency, patience, and focusing on what you can control build a more secure financial future. The post Quotes from John Wooden: 8 Lessons from the Legendary Coach for a More Secure Retirement appeared first on Boldin.| Boldin
There is a lot to do as you near retirement. And, it goes beyond creating a robust financial plan. Money is only part of the equation. The post The Nearing Retirement Checklist: 19 Things You Need to Do Just Before and After You Retire appeared first on Boldin.| Boldin
https://youtu.be/pRFxrYx4tJ8 When most people think about investing, the first thing that comes to mind is asset allocation—the mix of stocks, bonds, and other investments in their portfolio. And that’s important. But what often gets overlooked—and can make an even bigger difference in retirement—is asset location. Asset location is all about […] The post The Hidden Tax Strategy That TSP Doesn’t Allow appeared first on Haws Federal Advisors.| Haws Federal Advisors
If you are a federal employee, is paying off your mortgage early smart—or just plain stupid? Like most financial questions, the answer is: it| Haws Federal Advisors
For decades, we’ve been told to save slowly and steadily for retirement. But what if that advice leaves you more exposed to risk than you realize? I recently sat down with WorthvieW to discuss Lifecycle Investing, a strategy that helps younger investors spread risk across their entire working lives, and avoids “Last Decade Risk” in… The post WorthvieW article: Ed Rempel on Lifecycle Investing: A Game-Changing Tool for Young Investors appeared first on Ed Rempel.| Ed Rempel
What is the meaning of life? What makes life worth living? How can having a meaningful life help you become financially independent? You will learn: What is the meaning of life? What makes life worth living? The classic book “Man’s Search for Meaning” by Viktor Frankl showed that the people that survived many years in…| Ed Rempel
Maximize Your Nest Egg with Smart, Tax-Efficient Retirement Planning Here we will break down how different types of retirement income are taxed and share smart tax strategies that can help you preserve more of your wealth during your retirement years. Understanding the Tax Impact on Retirement ... Read more. The post How Retirement Taxes Affect Your Income: Strategies to Minimize Your Tax Burden appeared first on Grand Life Financial.| Grand Life Financial
During your working years, contributing to tax-deferred retirement accounts (401(k), 403(b), traditional IRA, SEP IRA, SIMPLE IRA) provided the benefit of not paying income taxes. This allowed for more of your money to grow through compounding. But you cannot indefinitely defer paying taxes, which is where required minimum distributions (RMDs) come into ... Read more. The post How can I reduce my taxes when taking required minimum distributions? appeared first on Grand Life Financial.| Grand Life Financial
The typical response you would expect to hear from a financial planner is ‘absolutely’. However, depending upon your circumstances, a more traditional type of retirement plan may not be optimal. For instance, if you plan to sell your business in the future, it may make more sense to reinvest in your business ... Read more. The post Do small business owners need their own retirement plan? appeared first on Grand Life Financial.| Grand Life Financial
To select the right retirement plan for your small business, you want to begin with what you want to achieve. For instance, if you have employees (or plan to hire) and want to provide retirement benefits to help with retention, there are multiple plan options besides the 401(k). You’ll want to weigh both the ... Read more. The post Retirement Plans for Small Business Owners: How to Choose the Right One appeared first on Grand Life Financial.| Grand Life Financial
Feeling stuck financially? Discover how to break free from guilt and fear and improve your financial decision-making.| Grand Life Financial
Competing financial priorities and rising costs of living threaten to replace retirement as an economic reality for upcoming generations. The post Does Retirement Math Still Work? Goldman Warns of Growing ‘Financial Vortex’ appeared first on The Daily Upside.| The Daily Upside
Inside your retirement plan lies a strategy too few people use — but those who do love the freedom it brings. What if you could build a “bucket” of savings that grows tax-free, isn’t forced out when you hit 72, and gives you more control over your income, taxes, even Social Security later on? Curious how to make this work — even if your income is high or you’re already retired? Watch for my latest post — I’m sharing the steps to funding this tax-free bucket and why now could b...| The Boston Advisor
Crypto IRAs sound exciting. The pitch is simple: put Bitcoin, Ethereum, or Solana in your retirement account, or for the meme coin crowd, maybe even Doge, let it grow, and retire rich. But from a financial planning perspective, it’s not that straightforward. Before putting your savings into a Crypto IRA, it’s worth it to take a step back and ask: In this article, I’ll break down how Crypto IRAs actually work, when they might make sense, and the red flags to watch for before you invest. ...| The Ways To Wealth
https://youtu.be/ciO1A4sAaXY Healthcare is one of the largest and most unpredictable expenses in retirement. For federal employees, however, the Federal Employees Health Benefits (FEHB) program offers a powerful tool to help manage these costs. Unlike most workers in the private sector, federal retirees can continue their FEHB coverage into retirement—an incredibly […] The post How Feds Can Protect Themselves from Huge Healthcare Costs in Retirement appeared first on Haws Federal Advisors.| Haws Federal Advisors
https://youtu.be/wL69pw–2Gc When you fill out your retirement application, you have to elect whether you want to leave part of your pension behind for your spouse. Without a survivor benefit, your pension ends when you do. It is not automatically passed on—it is a lifetime benefit for you only unless you […] The post The Worst Survivor Benefit Mistakes Feds Can Make appeared first on Haws Federal Advisors.| Haws Federal Advisors
For many federal employees, retirement planning conversations often include a familiar saying: “Move everything into the G Fund when you get| Haws Federal Advisors
This title may be hard to believe, but it is a common theme in coaching for small business entrepreneurs. The concept is from the popular book “10x Is Easier Than 2x: How World-Class Entrepreneurs Achieve More by Doing Less” by Dan Sullivan and Dr. Benjamin Hardy. Most of us think about incremental improvements in our…| Ed Rempel
A recent Wall Street Journal article highlighted an unexpected beneficiary of Trump's tax legislation: older Americans who make charitable contributions directly from their traditional IRAs. These donations, known as qualified charitable distributions (QCDs), remained unchanged in the tax overhaul, but the surrounding tax landscape has made them increasingly attractive for senior donors. The enhanced appeal| THInc
Retiring in Siem Reap: Cost of living, healthcare options, visas, and where to live. Clear tips for a smooth long-stay move.| IPS Cambodia Real Estate
Test your basic knowledge of the Federal Reserve and how its actions impact your money in our quick quiz.| Kiplinger
I have written about taking advantage of tax-advantaged and tax-deferred accounts like the TFSA and RRSP at length. TFSA and RRSP are great accounts for investing and growing your investments without having to worry about ... Read more| Tawcan
Informed older Americans are highly skeptical about alternative assets in a 401(k). While choice is good,speculation should be limited.| Boldin
https://youtu.be/0zIAES1QTEA As a federal employee, you have access to one of the most complex benefit systems in the country—complete with the Thrift Savings Plan (TSP), FERS or CSRS pensions, FEGLI life insurance, retiree health coverage (FEHB), and more. While these benefits can be incredibly valuable, they can also be confusing […] The post Fee-Only vs. Commission-Based Planning: Which Financial Planner is Right for You? appeared first on Haws Federal Advisors.| Haws Federal Advisors
If you’re a federal employee approaching retirement, chances are you’ll have some unused leave on the books. The big question is: What| Haws Federal Advisors
Since 1980, 401(k) plans have replaced pensions as one of the most popular forms of retirement plans for U.S. workers.| CNBC
I was recently interviewed by Business News This Week about one of the most common questions Canadians ask me as a financial planner: “When can I retire with the lifestyle I want?” It’s the question that comes up again and again, yet the real issue isn’t when you can retire—it’s how you can create and… The post “When can I retire with the lifestyle I want?”: Toronto Financial Planner Ed Rempel Answers the Most Common Question Amongst Canadians appeared first on Ed Rempel.| Ed Rempel
The National Post asked me to review the retirement and financial situation of Kate*, a 65-year-old who recently relocated to Alberta after a costly divorce wiped out her savings. She’s determined to rebuild her life and finances, but she has questions: “Can I realistically buy a house, or is renting my best option? How do…| Ed Rempel
Some 40% of Americans would struggle to come up with even $400 to pay for an emergency expense. Just how are so many Americans so short on cash? Blame debt.| CNBC
With many self-directed IRA platforms specializing in just one area such as cryptocurrency or precious metals, IRA Financial stands out for its breadth. Whether you want to invest in real estate or startups, set up a Solo 401(k) for your business, or have checkbook control, IRA Financial allows you to manage it all in one place. In this IRA Financial review, I’ll share who I believe this platform is best suited for and who may be better served by other options. What Makes IRA Financial ...| The Ways To Wealth
https://youtu.be/DEbFbVKZyBk Federal employees often find themselves standing at financial and emotional crossroads: Should they retire early and enjoy more years of freedom, or keep working to maximize their pension and build greater financial security? Unfortunately, you can’t do both. You cannot retire early and also get the absolute largest pension […] The post Early Retirement vs. Maximizing Your Pension: Which Path Is Best? appeared first on Haws Federal Advisors.| Haws Federal Advisors
Let’s talk about estate planning. Now before you click away thinking, “I’ll deal with that later,” I urge you—please hang with me. Estate| Haws Federal Advisors
After being in a savings mode for a good part of your life, you have now transitioned into retirement and may be wondering the best way draw down assets from your investment accounts to meet your living expenses and not incur significant taxes. The accumulation phase was somewhat straightforward as you used tax-advantaged investments to| Grand Life Financial
Do personal finance journalists ever really retire? Jonathan Chevreau talks to Rob Carrick and other long-time writers about stepping back from full-time work.| MoneySense
A USA Today article recently reported that more Americans than ever before will have access to Health Savings Accounts (HSAs) starting next year. Thanks to new provisions in President Donald Trump’s “One Big Beautiful Bill Act,” experts say tens of millions more people will be able to benefit from this triple tax-advantaged savings vehicle. The […] The post Health Savings Accounts (HSAs) get a boost under the “One Big Beautiful Bill.” first appeared on THInc.| THInc
Staying mentally sharp is just as important as having a sound financial plan. Just as you plan for long-term financial security, it’s worth investing in long-term brain health to lower your dementia risk.| Heritage Financial Services
Beyond the headlines: The new tax law's true impact for job seekers and investors lies in how it will transform industries and create opportunities in areas such as regional accounting, AI and outsourced business services.| Kiplinger
Even if your financial plan is on autopilot, now is the perfect time to make sure it's still aligned with your goals, especially if retirement is on the horizon.| Kiplinger
Recent research shows retirees don't even spend the income from their retirement portfolios, but is it a consumption gap or a normal spending pattern?| Nerd's Eye View | Kitces.com
Retired early, but not done. Scott Garrett shares how Boldin gave him the confidence to leave work and retire on his own terms.| Boldin
Too many people think that their financial destiny is set and can't be changed. Find out how a planning mindset improves wealth and security.| Boldin
From retirement boredom to too much to do, here are the top 9 surprises when you stop working. Plus, 14 ways to overcome the challenges.| Boldin
https://youtu.be/njuBp_E2ors For federal employees, one of the most important retirement benefits is the Cost-of-Living Adjustment (COLA). COLAs help ensure that your retirement income keeps pace with inflation over time. Without these adjustments, your pension would lose purchasing power every year—and what once felt like a comfortable retirement could quickly become […] The post When Do Federal Employees Get COLAs to Their Pension? appeared first on Haws Federal Advisors.| Haws Federal Advisors
Federal employees have access to complex benefits like the Thrift Savings Plan (TSP), FERS or CSRS pensions, FEGLI, and more. A generic| Haws Federal Advisors
People turn to AI to help cut through the noise, as seen in a 2024 AARP survey that generative AI usage has doubled among Americans aged 50+.| Due
As a federal employee, you’ve dedicated years or even decades of service to your country, and along the way, you’ve built a significant nest| Haws Federal Advisors
How to accurately build your retirement budget even if you're years away from retirement, including detailed steps to take to track your spending.| The Boston Advisor
If you are one of the more fortunate to receive a pension, there may be several different payout options, like a lump-sum payout, and understanding the pros and cons of each can make a significant difference in how your retirement unfolds. A traditional pension, or annuity, means that you receive a fixed ... Read more. The post With a pension plan, is an annuity or lump-sum payout better for me? appeared first on Grand Life Financial.| Grand Life Financial
Health Savings Accounts (HSAs) stand out as one of the best tax-advantaged retirement accounts available, yet research indicates only 9.6% of Americans own one. For individuals already maximizing their 401(k) contributions, an HSA offers an excellent additional avenue for retirement savings. According to Fidelity's 2024 estimate, a 65-year-old individual may need an average of $165,000| THInc
Part two of my Planning for Retirement Series looks at how much money you need to retire, which is better attacked by understanding what a safe portfolio withdrawal rate is during retirement.| The Boston Advisor
Most Canadians understand the importance of having a budget while saving for retirement—but few realize just how critical budgeting becomes after you retire. While your working years are about maximizing savings and staying invested, retirement introduces a new challenge: spending wisely without outliving your money. One of the most common questions from retirees is:“How do …| MOOSE MARKETS
Getting divorced later in life can be a big financial blow, especially for women. But, as this financial adviser points out, it can also serve as a positive turning point for growth and independence.| Kiplinger
Last week Reader B, a fellow Canadian shared his amazing dividend investing story with us. B and his wife retired in 2004 at age 55 and have been living off| Tawcan
Why women aren't prioritising themselves financially and how professional help can support women on their wealth journey.| Progeny
457(b) plans are a great fit for physicians looking to boost their retirement savings. Here are 457(b) basics that you need to know.| WealthKeel Advisors LLC
Planning an early retirement involves more than just financial planning. Here are three important yet overlooked areas of retirement planning.| Modern Gypsy
Ensure a smooth transition for your heirs. Learn about 12 key assets your financial advisor advises against leaving for your heirs.| HRSS CPA
President Trump's reelection likely means major policy shifts. Here are 5 considerations for preparing your retirement plans for these changes.| Boldin
This article is inspired by Mark's recent post on his blog where he revisited their financial independence assumptions. I have shared some numbers on this| Tawcan
How the portfolio size effect impacts the optimal asset allocation glidepath of a lifecycle or target date fund, and how a bond tent reduces volatility risk.| Nerd's Eye View | Kitces.com
how much taxes do we need to pay on our dividend income when we're financially free?| Tawcan
Recently, a newly retired acquaintance commented how she feels bad that she doesn’t want to travel in retirement as that’s what seems to be expected. Unfortunately, the expectations for retirement…| retirementtransition
A petition by a charity to halt the proposed changes by the Government to this year’s Winter Fuel Payment is close to reaching its target.| Your Money
Without patience, your retirement plan will not work. You have to wait for some things. One thing you don’t need to wait for is our terrific weekly retirement links. Start reading them today and plan for a brighter tomorrow. At what age does working get harder? Flowing Data Add gratitude to your retirement plan. A...| A Teachable Moment
Learn about the best tours for seniors traveling alone or in a group, on a bus, train, and other top tours in Canada.| Savvy New Canadians
Learn what benefits are available for low-income seniors in BC, like the BC Senior’s Supplement and other BC housing grants.| Savvy New Canadians
A bad sequence of returns can deplete a portfolio in retirement, but in fact, it's far more common for favorable sequences to create an excess of wealth.| Nerd's Eye View | Kitces.com
3 years ago, I first wrote about our financial independence assumptions where I estimated how much we would need to be financially independent. Later, I wrote| Tawcan
Living off dividends. Find out how a fellow Canadian retired at 55 and now living off dividends ($360k a year!) and paying almost no taxes.| Tawcan
Downsizing your home to upgrade your life can be a good idea. Here are the benefits and disadvantages of downsizing, plus tips for seniors.| Savvy New Canadians
Learn everything you need to know about subsidized housing for low-income seniors in Ontario, including housing options and how to apply.| Savvy New Canadians
Discover how to avoid 5 common Roth IRA traps that high-income earners face, including marriage and income jumps. Learn easy Backdoor strategies!| WealthKeel Advisors LLC
The Canada Pension Plan (CPP) is Canada's social security system that provides eligible retirees and disabled individuals a basic lifetime income after age 65. It's a monthly taxable benefit that replaces a portion of your| Savvy New Canadians
Here are the best accounts to hold your savings and investments.| MoneySense
Quakers live in accordance with four core principles, or testimonies: Honesty and integrity, Simplicity, Equality and Peace. These testimonies are not imposed, but guide their personal and professional lives. You are invited to use these advices and queries alongside our methods for decision making to challenge and inspire your work and business.| Quaker Aging Resources
Debt among older Americans has increased dramatically since 1999, due partly to the erosion of the country's social safety net.| CNBC
What are the best retirement accounts for Physicians? Chad Chubb covers the 401k, 403b, HSA, 457b, Backdoor Roth IRA, and taxable accounts.| WealthKeel Advisors LLC
(This page may contain affiliate links and we may earn fees from qualifying purchases at no additional cost to you. See our Disclosure for more info.) If there is one thing that personal finance gurus all seem to agree on, it is this: You...| Women Who Money
Today, we focus on the fact that 72% of retirees are happy, and contrast them to the 28% who are depressed. What drives the difference?| The Retirement Manifesto
(This page may contain affiliate links and we may earn fees from qualifying purchases at no additional cost to you. See our Disclosure for more info.) There are few maxims in personal finance more beloved than “You should have a paid-off house in retirement.” ...| Women Who Money
