
What are the 2022 Contribution Limits?
Preparing for retirement just got a little more financial wiggle room. The Internal Revenue Service (I.R.S.) announced new contribution limits for 2022. A look at the new limits.
Preparing for retirement just got a little more financial wiggle room. The Internal Revenue Service (I.R.S.) announced new contribution limits for 2022. A look at the new limits.
Should frugality be a cornerstone of your retirement savings plan? Before changing your quality of life today for your future retirement goals, here's what you should consider first.
Retirement planning is no easy feat and this is especially true for single women. These 4 tips will help you prepare so that you can have a stronger financial future.
Without the right business structure, many entrepreneurs could be putting their personal assets at risk. Read on to learn how each structure handles taxes and personal financial liability, and to discover which one might be best for you.
A common scenario that we see with our clients looks like this: they are mid-career or late-career and have climbed the ladder to a high income. They are compensated well for their skill set and experience, and feel like they have “reached the top”. However, the pace is exhausting. Often they are expected to work unsustainable hours or travel frequently. They may see themselves working at this level for another 5-10 years, or they need to take a step down to a lower income level in order to create a healthy work/life balance. They come to us with the question: can I afford to earn a lower salary?
From my viewpoint as a financial advisor, the Holy Grail of personal finance is finding balance between enjoying today while preparing for tomorrow. While enjoying today doesn’t necessarily require spending money, let’s be honest that it usually does, and often a substantial amount – whether in larger, lump sums or smaller, frequent expenditures. It’s not even just about “fun spending” for hobbies and travel. In the modern era of busy, nonstop lives, we gladly pay for convenience, and sometimes relaxation and rejuvenation, just to keep going on the hamster wheel.