7 Tips to Help Smooth Your Job Transition

Starting a new job is exciting, but it can also be stressful, especially when it comes to transitioning your benefits package. I've put together a list of tips to help make this transition as seamless as possible and keep your financial plan on track.

Should You Consolidate Your Retirement Accounts?

If you're like most people, you've saved for retirement in multiple ways, including employer plans and individual retirement accounts (IRAs). As you approach retirement, it may make sense to consolidate all of your savings into one account to achieve a coordinated investment plan.

What exactly is a financial plan?

As a Wealth Management Consultant, I'm often asked two questions "What is a financial plan?" and "Is a financial plan different from investment management?" In short, yes—financial planning and investment management are two distinct wealth management tools that work together to help you achieve your short- and long-term financial goals.

Retirement Income Planning: The Total Return Approach Vs. The Bucket Approach

Most working Americans have only one source of steady income before they retire: their jobs. When you retire, however, your income will likely come from a number of sources, such as retirement accounts, social security benefits, pensions, and part-time work.

When deciding how to manage your various assets to ensure a steady retirement income stream, there are two main strategies to consider: the total return approach, or the investment pool—or bucket—approach.

FAQ: Trusts

Trusts are a great way to put conditions on how, when, and to whom your assets will be distributed after you pass away. However, there are several options and specific terms to know when it comes to setting up a trust, and many people aren't sure of the best path forward.

To help explain, I've put together some frequently asked questions and answers on the subject.

3 Financial Considerations for Retirees Planning to Relocate

You've worked long and hard and are nearing retirement age. Like many other baby boomers, with your kids out of the house and a surplus of empty space and time, you may be thinking about moving. To help you make up your mindor make your transition go as smoothly as possible—we've compiled this list of tips.

Medicare 101

Many of my clients have questions about Medicare. How much will it cost? When should I enroll? What are my options? The process for enrolling in Medicare is surprisingly easy, but there are several options you'll need to consider.

To shed some light on the topic, I've put together Medicare 101: A guide to enrolling in the Medicare plan that is right for you

Tax Planning from a Financial Planner's Perspective - 9 Strategies to Consider

As we approach the end of 2016, you'll likely hear many people talking about year-end tax planning. While implementing tax planning strategies at year-end is certainly advantageous, tax planning can be even more beneficial as a year-round activity. 

As a financial planner, I often advise my clients to regularly review their financial planning activities alongside the current tax strategies available to them, to minimize potential income taxes while staying on course to meet their financial goals.

5 Ways to Prepare for the Sale of Your Business

As I often tell my clients, selling your business is a process, not an event. Determining the right time to sell, and finding the right buyer to sell to, can be stressful. There are tax and legal issues to consider, and negotiations can be complex and lengthy. However, as is true for most major business (and life) decisions, preparing as much as possible ahead of time can help you feel more confident, smooth the transaction process, and increase your chances of realizing a higher return on your life’s work.

4 Retirement Planning Steps to Take Now

Retirement is something we all think about, but when it comes to the specifics - how much retirement income we'll need, and where that income will come from - many people feel uncertain and underprepared. 

The best way to prepare for retirement is to take a proactive approach, and start planning as early as possible. In a webinar that I hosted last week, I discussed critical retirement planning steps, and why it's so important to start now. For those of you who missed it, I've outlined the top 4 steps you should be taking to prepare for your retirement.