Money Advice

4 ‘must-dos’ if you want to retire early

Posted by The Simply Money Advisors Team on Sep 19, 2018 12:49:40 PM

Oh, another week at the office.

Let’s be honest. You’ve probably, at some point, dreamed of retiring early. You’ve imagined the thrill of walking into your boss’ office, confidently saying, “I’m outta here,” and heading towards the closest beach… or golf course… or wherever else your heart desires.

If you think this is just a dream, reality could be closer than you think. That is, if you’re planning properly.

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Topics: Retirement

How an account usually used for college expenses can improve your retirement quality of life

Posted by The Simply Money Advisors Team on Sep 12, 2018 5:24:00 PM

As you get closer to retirement, do you know what you’re going to do with all your free time? It’s a question you need to start thinking about. After all, you’ll need to fill the 40 or more hours per week that were once occupied by work.

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Topics: Life in Retirement, Retirement Planning

3 rules to follow when hiring a financial advisor

Posted by The Simply Money Advisors Team on Sep 5, 2018 5:21:00 PM

If you’re working with a financial advisor, be sure to keep the following in mind. After all, you’re paying them with your hard-earned money.

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Topics: Financial Planning

3 retirement 'investments’ (and 1 type of person) to avoid

Posted by The Simply Money Advisors Team on Aug 31, 2018 5:13:00 PM

You’ve been working hard and saving well your entire life. Don’t let one bad decision destroy everything you’ve been planning for! These are some of the most common investment products, scams and fads aimed almost exclusively at retirees and pre-retirees.

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Topics: Retirement Planning

The two big fears concerning Wall Street right now

Posted by The Simply Money Advisors Team on Aug 27, 2018 5:12:00 PM

Large U.S. stocks closed at a record high on Friday, finally recovering from the correction (as defined by a drop of 10% or more) that began in January.

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Topics: Economics

Here’s why your 401(k) balance is lying to you

Posted by The Simply Money Advisors Team on Aug 22, 2018 5:05:00 PM

Just recently, the brokerage firm Fidelity shared some noteworthy news: there are now a record-breaking number of “401(k) millionaires” among the 401(k) plans it administers. This exclusive group is about 168,000 strong, up from 118,000 last year. 

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Topics: Retirement Planning, Investing

Fed Chair Powell in the spotlight this week

Posted by The Simply Money Advisors Team on Aug 20, 2018 5:03:00 PM

Wall Street will be focused on Federal Reserve Chair Jerome Powell's speech in Jackson Hole, Wyoming on Friday, August 24th.

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Topics: Economics

A new, unique way to think about saving

Posted by The Simply Money Advisors Team on Aug 15, 2018 4:56:00 PM

When you hear the phrase “saving money,” what comes to mind? Take a few seconds to think of a few related words. We’ll wait.

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Topics: Retirement Planning

Wall Street nervous about international problems

Posted by The Simply Money Advisors Team on Aug 13, 2018 4:53:00 PM

International concerns weighed on U.S. markets last week, as Wall Street’s nerves were high due to Turkey’s currency plunging, ‘Brexit’ negotiations stalling, and the trade spat with China not letting up.

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Topics: Economics, Investing

Be careful of the ‘4% Rule'

Posted by The Simply Money Advisors Team on Aug 8, 2018 4:50:00 PM

As you plan for retirement, you might come across something called the “4% Rule.” Its premise? If you take out 4% from your accounts in your first year of retirement (then adjust that amount each ensuing year for inflation), you would have enough money to last you 30 years. What a promise!

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Topics: Retirement Planning

Disclaimer

Please remember that past performance may not be indicative of future results.  Different types of investments involve varying degrees of risk, and there can be no assurance that the future performance of any specific investment, investment strategy, or product (including the investments and/or investment strategies recommended or undertaken by Simply Money Advisors), or any non-investment related content, made reference to directly or indirectly will be profitable, equal any corresponding indicated historical performance level(s), be suitable for your portfolio or individual situation, or prove successful.  Due to various factors, including changing market conditions and/or applicable laws, this content may no longer be reflective of current opinions or positions. Moreover, you should not assume that any discussion or information contained here serves as the receipt of, or as a substitute for, personalized investment advice from Simply Money Advisors. To the extent that a reader has any questions regarding the applicability of any specific issue discussed above to his/her individual situation, he/she is encouraged to consult with the professional advisor of his/her choosing. Simply Money Advisors is neither a law firm, a certified public accounting firm, nor a tax advisory firm and no portion of the blog content should be construed as legal, accounting, or tax advice. Please consult your own attorney, accountant, and tax advisor for legal, accounting, and tax advice. A copy of the Simply Money Advisors’ current written disclosure statement discussing our advisory services and fees is available for review upon request. Advisory services offered through Simply Money Advisors, a SEC registered investment adviser. Insurance services are offered through Simply Money Insurance Agency, a separate entity from Simply Money Advisors. Simply Money™ and the spiral symbol are trademarks of Simply Money IP Holdings, LLC.

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