Research has proven that working with a financial advisor to meet your retirement goals provides significant monetary value. In fact, Vanguard studies have shown that those who utilize a financial advisor see an approximately 3.0% additional increase in their net portfolio returns over time. While…
When it comes to investing, the risk/return tradeoff is a commonly accepted principle. Low risk means sacrificing the potential for growth while high risk offers potential for higher returns, but with greater uncertainty. Accurately identifying your own risk tolerance, the degree of variability in investment…
The fundamental question all investors must answer is how much risk they are willing to take to obtain their desired return. For Stephen Kuzniak, Financial Advisor at Cannon Financial Strategists, it’s a question that not only drives his daily work with clients, but one that…
Roth IRA conversions offer investors three main benefits: tax diversification, no required minimum distributions, and more flexible liquidity. But before we get into specifics, let’s first review the basics of traditional vs Roth IRAs. Tax Diversification Converting to a Roth IRA is largely a tax…
Retirees have several innovative options to maximize their Social Security benefits. Download Creative Social Security Strategies– Understanding the Nuances to learn the rules and take advantage of the strategies available for retirement planning.
Cost-of-living adjustments (COLAs) result in an increase of income for retirees who receive Social Security benefits, and they also boost unclaimed benefits. Download How COLAs Affect Social Security Benefits to see how inflation factors into the benefit formula whether you’re working or collecting.
Underestimating life expectancy can have dramatic effects on retirement planning. Download Life Expectancy and Social Security and read more about how to maximize your benefits in the event of extreme longevity.
It is important to consider the lifetime value of Social Security and the long-term effects if one or both spouses live a very long time. Download Social Security as Longevity Insurance to learn about maximizing Social Security income by delaying the start of benefits to age 70.
The decision of when to apply for Social Security benefits is crucial in retirement planning. Download When to Apply for Benefits to learn more about identifying the optimal time to take Social Security and maximizing your benefit.
Continued earnings could increase your Social Security benefit depending on your situation. Learn more about the impact working has on Social Security by downloading Will Working Longer Help or Hinder Your SS Benefit?
