Retirement doesn’t just happen, it takes a Plan. That is the first ‘truth’ about achieving your retirement goal. You may see that written a couple times throughout this article! It is so true. Many people fail because they just didn’t think through the many complexities of preparing for 30 years of retirement, without receiving a
A Word of Hope I don’t want to downplay the havoc created by COVID-19. We are living in a world that nobody could possibly have envisioned a few months ago. The impact caused by the virus has disrupted life around the globe. We have friends and loved ones who are dealing with this disease. It’s
Retirement Tax Planning Benefits of a Tax-Efficient Distribution Strategy from Mike Kastler, MSF on Vimeo. Retirement tax planning may be the last thing on your mind or your financial advisor’s mind. The fact is, it’s hard. So people tend to avoid it. But it just may be one of the most important aspects of your
SECURE Act Impacts Employees, Retirees, and Small Business Owners! View the seminar schedule Normally, I’d like to write you a fun, inspiring, and thoughtful New Year’s article that would just light you on fire with enthusiasm for the coming new year. Instead, we have a left-over Christmas present under the tree to unwrap, the SECURE
There are some main pillars to retirement planning. They are all large, complex, and quickly changing. Main Pillars of Retirement Planning has Lots of Moving Parts! Retirement planning can be one of the most stressful concerns for most Americans. Recent studies show that the average American has just over $100,000 in retirement savings while many
By Charles Sherry, M.Sc. and Mike Kastler, MSF A popular quote from one of our founding forefathers, Benjamin Franklin in 1789: Our new Constitution is now established, and has an appearance that promises permanency; but in this world, nothing can be said to be certain, except death and taxes.” Taxes can’t be avoided, but they
Selling a Business – Retirement Planning Considerations Before you pull the trigger on selling a business, there are some personal retirement planning considerations. What will you do with the proceeds? How will the sale of the business impact your retirement plan? Most business owners have a significant portion of their net worth tied up in
New and powerful financial planning software can help you navigate the myriad of retirement decisions, most of which are irreversible. Don’t Plan Your Retirement Like a Road Trip Vacation We’ve all been on the proverbial road trip heading somewhere you’ve never been and all of a sudden, you’re faced with a fork in the road.
Picture this—it’s Friday afternoon, your work is done, and you have the weekend ahead of you. But what makes this weekend different than any other weekend is that you have scheduled a two-week vacation. You wish your colleagues well, they express similar thoughts, and you head toward freedom. Of course, you’re excited! Travel, new experiences,
Unfortunately, we see this all too often: a client thinks there is just one retirement “number” and if that “number” is achieved, then retirement will be honky dory! Well, it just isn’t that simple!… Our introductory meeting had gone on for about twenty minutes when Gary interjected. “Look, I don’t want to get all complicated.