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Is a Comfortable Retirement Possible?

Two years ago, at the conclusion of my discussion with a client over his finances, I posed this question, “What are some of your long-term financial goals?”  His response was one I had heard frequently, “I would very much like to have a comfortable retirement in 20 years.”  Continue reading

Setting Goals & Achieving Them

I want to save more money.  I want to pay my new car off this year.  I want to save to put a down payment on a house in two years.  It is a new year which brings about the tradition of making the list of things you want to accomplish this year.  Unfortunately, by the time you read this, about 1/3 of you will already have given up on your New Year’s resolutions.  Continue reading

Retirement

Investing for Beginners: A Shift in Retirement Planning

Are you nervous about being properly prepared for retirement?  No doubt you have heard the concerns over whether Social Security will remain solvent.  Unless lawmakers act, the Social Security fund will only be able to pay seventy-five cents on the dollar by the year 2033.  Although Social Security will likely exist in some form when you are ready to retire, living strictly off of Social Security checks will be extremely challenging. Continue reading

photo by: Tax Credits

Are You Withholding Too Much?

Image from 401k (2013).

Are you ecstatic when you get your tax refund each year?  Do you feel like you’ve hit the jackpot when Uncle Sam sends you a huge check?  Well, getting a giant refund at tax time may not be such a good thing after all.  It means that you’ve been withholding too much tax from your pay throughout the year, giving the government an interest free loan and possibly leaving yourself short on cash every month. Continue reading