The best way to determine your retirement target savings is to use your income. Here’s why. Almost nobody wants to work 40 hours a week in retirement. Not you, not me. To avoid that, you must have money at your disposal to cover expenses like food, travel, and medical bills. But how much do you need? There’s a 38% chance that if you retire at 65 you will live to 85, and a 5% chance that you’ll make it to 95.¹ That means you’ll need enough cash to cover at least 20 years of li

Let’s pretend you have an annoying next-door neighbor. He’s loud, obnoxious, and bothers you all the time. You wish you had a hedge to create a bit of privacy. When was the best time to plant that hedge? Obviously, it would be better if you had planted it ten years ago! But you didn’t plan ahead, so the second-best plan is to get it growing today. It’s better late than never! Retirement savings is a lot like planting that hedge. You have probably heard that your greatest ally

How are you protecting your income? Maybe you already have a life insurance policy worth about 10 times your annual earnings. That should help protect your family in the case of your untimely passing. But what if you aren’t able to work during your lifetime? It’s more common than you might think. 1 in 4 20-year-olds will become disabled before they reach 67, and 67% of private-sector workers have no disability insurance.¹ Here are some basic facts about this essential line of

With hard work and diligent planning, you will hopefully retire on a comfortable income. We want you to enjoy the retirement of your dreams! But along with financial comfort comes some level of risk. Health problems, the normal forgetfulness of old age, and even con artists can cause major damage to your retirement funds. That’s why, along with early and diligent planning, we also recommend that our clients consider the following steps to age-proof their retirement plans. Cho

A wise man once said, “Compound interest is the eighth wonder of the world. He who understands it earns it… He who doesn’t pay it.” That man was Albert Einstein. Compound interest might be compound, but it’s not complex. To help you understand compound interest, let’s take a look at how simple interest works. Let’s assume you have 100 dollars in a savings account, earning 5 percent simple interest. Each year, your balance increases by 5 percent of that initial principal. In o