A common question that comes up for retirement planning is, “what changes should I make if I expect an inheritance?” People who may receive an inheritance have a great question. If you think you are going to receive an inheritance, why save as much? It’s extra years of working when you could be doing something … Read more
When people start their first job, they often know they have access to a 401(k) plan, but they are not sure what it is exactly or how best to use you. Instead of brushing it off and thinking, “Hey, I’ll do it in a few years. Retirement isn’t for a long time,”, I suggest we … Read more
How much money do you need to retire? How long does the money need to last? How should the money be invested to give you a high likelihood that it lasts? Planning financially is a very difficult task because the world is full of unknowns. You have no idea how long you will live. You … Read more
How Much Do You Need to Save to be Financially Independent? That’s an excellent and challenging question. When I was young and impressionable, my uncle taught me about it using an example. He showed me a spreadsheet of two investors. He called them individual A and B, but I will refer to them as Amy … Read more