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 […]
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.
The COVID-19 pandemic has caused a great deal of economic distress throughout the U.S., including major declines in the broad-based stock market indexes like the S&P 500. That index started tumbling in early March and reached bear market territory shortly afterward. (A bear market is defined as 20 percent or lower from market highs.)
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 […]
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.
Whether you’re new to the world of investing or have experience with the markets, if you are looking for a financial advisor, there are some important questions you should ask before making the commitment.
Personalized wealth management means working with a financial planner or investment advisor toward your goals, utilizing financial planning, investment management, retirement planning, and other services.
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 […]
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 […]
Many different methods can be utilized in retirement planning, for example the Monte Carlo simulation. Named after the European gaming capital in Monaco, the Monte Carlo simulation is a method of running retirement scenarios multiple times with multiple variables to obtain a sense of the various scenarios that can affect your nest egg on the […]
Diversification 101 – The Basics When deciding how you want to structure your investments, as part of your overall investment management plan, you’ll no doubt come across the phrase “diversification.” While part of a bigger strategic asset allocation plan, strategic diversification is an important tool for managing risk exposure. By allocating your investment into different […]
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.