Everyone navigates unique financial stages in our lives. Each stage offers opportunities and challenges. Tax and investment strategies can vary dramatically for each stage. Are you taking advantage of everything that is available to you? Are you in the most optimum tax position? Saving is critical, but there are so many variations on saving and investing that the choices can be paralyzing. Most employers provide a great deal of the assistance we need to save for retirement, but is it enough? How do you know if you will meet your goals? When your retirement window opens, will you see the life you envisioned or will you be looking for a job when you’re 75? <\/p>\n
As, thankfully, each of us is unique, every facet in our lives brings with it more questions on how to plan our finances. The job you hold, the amount you earn, whether you have a working spouse or partner, whether you have children, or maybe you’re in the sandwich generation and you have children and parents living in the same household; what is YOUR unique situation? <\/p>\n
Here are some of the ongoing questions one faces during employment and in retirement.
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\u2022 Pre-tax or Roth?<\/p>\n
\u2022 High or low deductible health plans?<\/p>\n
\u2022 To HSA or NOT to HSA?<\/p>\n
\u2022 Additional disability and life insurance through employer?<\/p>\n
\u2022 Outside policies for disability, life and umbrella insurance?<\/p>\n
\u2022 Insuring a non-working spouse?<\/p>\n
\u2022 Tax withholding, how much is adequate?<\/p>\n
\u2022 When to write a will or trust?<\/p>\n
\u2022 How much?<\/p>\n
\u2022 How often?<\/p>\n
\u2022 Where to invest and in what percentages?<\/p>\n
\u2022 Will I meet my goals for retirement?<\/p>\n
\u2022 How long do I need to work?<\/p>\n
\u2022 How much can I spend when I retire?<\/p>\n
\u2022 Projections for two-earner households<\/p>\n
\u2022 Planning for your child\u2019s education<\/p>\n
\u2022 Paying your student loans<\/p>\n
\u2022 New job? Higher payment due?<\/p>\n
\u2022 Paying for children\u2019s school loans<\/p>\n
\u2022 Loan Forgiveness Programs<\/p>\n
\u2022 Handling the after-effects of a sudden death in the family<\/p>\n
\u2022 Preparing for a divorce and understanding what \u201cfair\u201d means<\/p>\n
\u2022 Dealing with an unforeseen financial crisis<\/p>\n
\u2022 Funding your retirement<\/p>\n
\u2022 Funding your child\u2019s education<\/p>\n
\u2022 Paying off debt<\/p>\n
\u2022 Paying off school loans<\/p>\n
\u2022 Paying off your mortgage<\/p>\n
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\n\u2022 Will I be vested in my benefits?<\/p>\n
\u2022 Will I receive full pension benefits?<\/p>\n
\u2022 When do I start my pension?<\/p>\n
\u2022 To rollover or not to rollover?<\/p>\n
\u2022 When an annuity makes sense<\/p>\n
\u2022 Electing retiree medical at early retirement<\/p>\n
\u2022 The best time to start Social Security – it’s different for everyone<\/p>\n
\u2022 Are you eligible for a current or former spouse’s Social security?<\/p>\n
\u2022 Decisions surrounding pensions, commencement and including beneficiaries<\/p>\n
\u2022 Paying off or extending the mortgage<\/p>\n
\u2022 …and the list goes on<\/p>\n
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\u2022 I’ve saved all this money, how much can I spend?<\/p>\n
\u2022 Should I withdraw funds from savings, IRA or Roth?<\/p>\n
\u2022 When do I get a raise?<\/p>\n
\u2022 When can I buy my next car?<\/p>\n
\u2022 How much can I spend on vacations?<\/p>\n
\u2022 What happens if my furnace needs replacing?<\/p>\n
\u2022 Will my family be okay if I die early?<\/p>\n
\u2022 When should I downsize?<\/p>\n
\u2022 How about that vacation property?<\/p>\n
\u2022 What are YOUR questions? <\/p>\n","protected":false},"excerpt":{"rendered":"
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