Millennials and Retirement

A number of financial studies over the past decade have indicated that many Americans are not saving enough money for retirement. In general, American workers are saving less and working longer, well past the retirement age of their parents and grandparents. Many new retirees are seeking employment soon after retiring to supplement the meager income … Continue reading Millennials and Retirement

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Avoid “Thinking Traps” in Financial Preparation

It is hard to believe that 72% of those living in the wealthiest country on earth report that they have felt some level of stress over money in the last month, but for almost 3/4ths of American’s, this is true. In fact, half of those living in the U.S. are so stressed out that they … Continue reading Avoid “Thinking Traps” in Financial Preparation

Finding Retirement Success with a Properly Managed 401K

Before you consider early retirement, think about your 401(k) and the impact retirement will have on it. Sure, you get to relax, sleep in later and have more freedom with your time, but there are a few down sides to leaving a job too early. When a person retires, they often will not contribute to … Continue reading Finding Retirement Success with a Properly Managed 401K

Geoffrey J. Thompson: Retiring by Age 55

Geoffrey J. Thompson understands that one of the top things employees fantasize about is retiring. Let’s face it – working for 40+ years can be a daunting future for America’s young employees. Dreaming about the days when one doesn’t have to get up, commute to work, and spend countless hours behind a desk is a … Continue reading Geoffrey J. Thompson: Retiring by Age 55

Smart Investing with Private Place Variable Annuities

Wealthy individuals and families who are interested in investments that are tax-efficient are more commonly drawn to Private Placement Variable Annuity (PPVA) and Private Placement Variable Universal Life (PPVUL) Investment Accounts. There are typical investment planning reasons for using of these types of accounts. Private Placement Variable Annuity Investment Accounts In order to defer income … Continue reading Smart Investing with Private Place Variable Annuities

The Ins and Outs of 401(k) Plans

Many people are confused about the different types of retirement savings plans.  The confusion grows when they are faced with such decisions as which plan to place their money, how much, and when they can draw their money out during retirement.  Traditional or Roth?  401(k) or 403(b)?  The questions concerning retirement savings plans can be … Continue reading The Ins and Outs of 401(k) Plans

Tax Advantages of Charitable Giving

Charitable giving is not only wonderful for overall health and happiness, but it can have noteworthy tax advantages. Benefits of Giving The power of giving is the little-known investment that pays big dividends in the form of tax advantages.  It has been demonstrated in numerous studies that by doing for and giving to others, people … Continue reading Tax Advantages of Charitable Giving

Retirement Savings: You Don’t Have to Be Perfect

Not investing in the latest hot stock or trendy moneymaker is nothing to lament over. There will always be investments that made money that were not invested in or career paths that were not followed, but sticking to the basics almost always ensures success.  If applicable, invest a lump sum of cash into an investment … Continue reading Retirement Savings: You Don’t Have to Be Perfect

Protecting Assets as a Medical Professional

With the ability to spend millions of dollars yearly, large hospitals or health care systems have the ability to collect, analyze, and organize data, while reducing waste and increasing profits.  Unfortunately, many private practices do not have millions to spend on effective reporting.  Many physicians are in a financial fog and unable to have a … Continue reading Protecting Assets as a Medical Professional

Estate Planning for Second Marriages and Blended Families

Estate planning can be difficult enough when planning for a wife and children, but when divorce and remarriage create a family where one or more spouses already have children, estate planning can go from difficult to confusing.  However, by using a qualified terminable interest property (QTIP) trust, this difficult task becomes easier. QTIP Basics According … Continue reading Estate Planning for Second Marriages and Blended Families