As part of your retirement planning, you may be wondering whether you should convert some of your retirement accounts to a Roth Individual Retirement Account (IRA)? It’s possible to convert traditional IRAs, traditional 401(k)s and Roth 401(k)s to Roth IRAs, but you should factor in your age, retirement plans and both current and potential future […]
How a Financial Advisor Can Help You Plan for Longevity Risk
Longevity risk, simply put, is the risk that you will outlive your retirement savings. Longevity risk is a worry for many people. After all, none of us wants to think of reaching 75, 85, 95 or more and facing $0 in either our bank accounts or our investments.
Do Your Retirement Savings Need a Fresh Start?
As the middle of the year approaches, it may be a good idea to review aspects of your financial plan to assess whether they need a fresh start. Look at the performance of your 401(k)s and individual retirement accounts, for example. You need to make sure you are on track for a comfortable retirement that […]
Are Your Investments in Sync With Your Goals?
Since March, many people have been scrutinizing their investments anew. Broad-based stock market indexes like the Dow Jones Industrial Average and the S&P 500 have been volatile due to economic news surrounding the coronavirus pandemic. Investments in the stock market may have seen sharp fluctuations in value.
How Your Financial Advisor’s Retainer-Based Fees Benefit You
Whether you’re currently looking for a financial advisor or already working with one, you may have questions about the retainer-based fee structure. This structure offers numerous benefits for investors, and may be more advantageous than working with a commission-based financial advisor, one who charges a certain percentage of assets under management (AUM) for advice or […]
Five Top Reasons To Make an Estate Plan
Nationwide, just 42 percent of Americans have the documents that make up an estate plan, such as a will. In other words, millions of adults throughout the U.S. are walking around without any plan for who should receive their assets if they pass away, or even what will happen to them should they become incapacitated […]
Top Questions To Ask a Financial Advisor
If you’re looking for a financial advisor in Philadelphia, Sarasota, or Ohio plan on asking questions. That’s the only way to ensure that the advisor will meet your needs and that you’ll feel comfortable with the person.
How Much Do We Need for a Comfortable Retirement?
How much do people facing retirement need to live comfortably once they’re there? Fortunately, there are several ways to calculate how much you’ll need, and they all center around how much you will likely be spending and how long your retirement will be.
What is Strategic Asset Allocation?
At Financial Freedom Fee-Only Wealth Management, we have a three-level approach to investment management. Level one is strategic asset allocation.
Do I Need Investment Management? (Yes!)
Do you need investment management? Many people believe that investment management should only be considered once their investment portfolios have reached a certain size. But in fact, investment management should be considered one component of a comprehensive financial plan, which should also include a review of your cash flow and expenses, retirement planning, college savings […]
How To Find the Best Financial Advisor in Malvern, PA
How do the wealthy in Malvern, Pennsylvania find the best financial advisor for their needs? The same way people of other income brackets and in other geographical areas do, by deciding which financial advisor best fits their needs.
What Millionaires Look for in a Financial Plan
Many, if not all, millionaires enjoy financial freedom and financial independence. However, they also value a lifestyle of hard work and fiscal prudence no matter how high their account balances, and they do not spend money frivolously. Most were not born into wealthy families but have built their wealth through self-control and a focus on […]