If you have a child graduating from high school or college and entering the workforce, they may have the opportunity to open up a 401(k) through their new employer. In some cases, that employer will also offer matching contribution funds up to a certain percentage.
Many older Americans rely on Medicare for their health care needs. But it’s not always easy to figure out what’s covered and how much it will cost. Medicare benefits change from year to year, and 2021 is bringing an increase in premiums for participants. The good news is, there are other ways to save on Medicare costs.
Thinking about where to invest your money can be overwhelming and confusing, especially for those who are unfamiliar with all options for investing. If you’d like to take advantage of the ease of stock trading with the diversification of mutual funds, exchange-traded funds (ETFs) can potentially give you the best of both worlds.
During the early years of your retirement, be extra conservative when drawing income from your investments. The reason is because a drop in the market value of your portfolio, when you begin taking withdrawals, could have a devastating impact on the future value of your investments. This is referred to as the sequence rate of return risk.
Lifelong residents of Lodi know firsthand the value that multigenerational family-owned businesses and farms bring to our community.
I am a fan of the reality television show, Shark Tank. If you are not familiar with the program, entrepreneurs make presentations to a group of investors in hopes of raising money for their budding businesses.
I don’t recommend annuities often. Nonetheless, they can be an appropriate investment for some investors. Unfortunately, there may be financial sales people out there who prey upon people’s fear and misconceptions.
A question I am often asked by people at or near retirement is “How much income can I take from my investments?” No matter how wealthy a person is, everyone needs to have some idea of what they can spend without running out of money.
While playing Bocce ball the other night, a friend asked me what my impressions were of negative interest rates and why anyone would deposit money into a bank that had negative interest rates.
In my thirty-plus years of providing financial advice, more often than not, I have found family relationships are greatly strained when inheritance passes from one generation to the next. Parents tend to act as mediators between children. However, once mom and dad are gone, brothers and sisters are prone to fight more often and more aggressively.
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