We all look forward to and approach retirement in different ways. In order to retire comfortably, individuals must accumulate adequate savings over time. If you withdraw too much from your portfolio too early, you may run the risk of depleting your savings prematurely. Conversely, if you withdraw too little, you may lower your standard of living needlessly. How much can you withdraw annually from your retirement account while still making sure you have enough money to fund your remaining years of retirement? This is a question often asked by retirees and those approaching retirement. The issue then becomes finding the right balance of withdrawals to fund your years of retirement, i.e. determining a sustainable withdrawal rate.
Do You Know Where Your Money is Going?
March 15, 2014 By
Managing your finances can be a difficult and frustrating experience but something everyone needs to do regardless of what stage of life they are in. Much like taking a road trip across the country, you start with a destination in mind, “where do I want to be”, “what do I want to do”? Having a detailed description of where you want to go, how you will get there, and the time it will take, are the keys to a successful trip and the same applies in the budgeting process. Starting with a few simple steps it is easy to be on track to a successful budget.
Saving for Personal Greatness and Freedom
March 4, 2013 By
Your savings, believe it or not, affect the way you stand, the way you walk, the tone of your voice. In short, your physical well-being and self-confidence. A man without savings is always running. He must. He must take the first job offered, or nearly so. He sits nervously on life's chairs because any small
Passing Property to a Spouse? Here is a Rundown of Rules Governing What Happens
March 4, 2013 By
In all but one of the fifty states, you cannot disinherit a spouse. In Georgia it is permitted. If you leave a will that makes little or no provision for your surviving spouse, or if you have arranged title of assets so that there is no probate estate, your surviving spouse is entitled to elect
Do's and Don'ts of Naming a Beneficiary
March 4, 2013 By
Life insurance and retirement plans compose the largest part of the estate for many people. Carefully designating beneficiaries on these contracts is just as important as making a will. Your life insurance, IRAs, annuities, and retirement plans will pass to whomever you have designated as a beneficiary. The will does not operate on these assets
Introduction to the 1031 Exchange
March 4, 2013 By
If you currently own property and are interested in trading up to new property, a 1031 exchange may be right for you. The 1031 exchange is named for the relevant section of IRS code, which allows a taxpayer to avoid capital gains tax when selling a property and replacing it with another "like kind" property.
Slash Your Finance Charges in Less than an Hour!
March 4, 2013 By
The one hour shortcut to Slashing Your Finance Charges If you are carrying credit card balances, then you are paying finance charges each month. The bigger the balance you are carrying, the larger the finance charges - and the harder it is to become debt free. As part of your Rapid Debt Payoff Plan, here
How to Protect Your Money From Bank Failure
March 4, 2013 By
During the turmoil in the financial markets last week, many people were asking if their personal bank accounts were safe - how high is the dollar coverage of the FDIC Insurance? Here are some guidelines. Things are changing and the day is probably coming that FDIC coverage will be based on the total amount of
