Building Wealth

Building Wealth

Professional financial advisers share fresh insights and best practices for working with clients to build and protect wealth.

July 16, 2019

Take Ownership of Your Retirement Before It's Too Late

Though Social Security cuts appear to be looming, it's not too late for Americans, namely millennials, to create a retirement plan they will undoubtedly need to make up for any pending reductions.

See More On: Social Security | Saving for Retirement | Wealth Management

July 15, 2019

Which Bucket Should Retirees Tap First, for Their Heirs' Sake?

Does it make more sense to pull money out of your Roth IRA or your brokerage account for your income? Consider the full picture when deciding whether to hold onto your taxable investments for the potential future step-up in basis.

See More On: Estate Planning | Making Your Money Last | Tax Planning

July 12, 2019

The Power Company Fried My Appliances: What Are My Rights?

If a utility company causes a power surge that kills your old (but perfectly functional) appliances, you may not like the answer to this question. The words "actual cash value" could be a costly problem for you.

See More On: Home Insurance | Saving Money

July 12, 2019

What to Know Before Purchasing an Annuity Income Rider

Do you know the difference between a GLWB and a GMIB? A roll-up rate and a payout rate? If you're contemplating a fixed indexed or variable annuity with an income rider, make sure to understand the key terms so you can effectively compare your options and see which offers the best bang for your buck.

See More On: Annuities | Making Your Money Last | Wealth Management

July 11, 2019

Insecure About Social Security? Use a Roth IRA Now to Maximize Benefits Later

Here's a specific strategy to help avoid paying taxes on RMDs while maximizing your Social Security benefits at the same time. The key? Carefully converting your 401(k) and traditional IRAs into a Roth.

See More On: IRAs | Roth IRAs | Tax Planning

July 11, 2019

5 Causes of Marital Money Stress (and How to Fix Them)

Financial frustrations can be major sources of tension in any marriage. Here are some practical tips and strategies to work through the most common money issues together.

See More On: Family Finances | Wealth Management

July 10, 2019

Give the Money, Keep the Tax Break with Donor-Advised Funds

If the higher standard deduction have kept you from getting any tax benefits from your charitable giving, there is a way around that.

See More On: Tax Breaks | Tax Planning | Wealth Management

July 10, 2019

Don't Overlook Advantages of Making Insurance Part of Your Retirement Plan

Life insurance can offer income and saving options for the long term.

See More On: Life Insurance | Making Your Money Last | Tax Planning

July 9, 2019

Are You Doing Your Financial Planning in a Vacuum?

You probably shouldn't believe any retirement advice that starts out with "never do this" or "always do that." When plotting your retirement journey, make sure you're considering all of your options.

See More On: Saving for Retirement | Financial Planning | Wealth Management

July 9, 2019

The Social Security Mistake Risk-Averse Folks Make

Are you a risk-averse investor? Watch out, because the way you're wired might steer you into claiming Social Security early, rather than "risking it" to wait for a bigger payout later. Your desire for a sure thing could cost you a LOT of money.

See More On: Social Security | Making Your Money Last | Wealth Management

July 8, 2019

How Many Investment Advisers Should You Hire?

Because you value diversification, you might think if one adviser is good, two would be better, right? Well, not so fast.

See More On: Wealth Management | Financial Planning | Saving for Retirement

July 8, 2019

A Forgotten First Step in Wealth Creation: Emergency Funds

Putting aside money for a rainy day (and it WILL rain one day, don't kid yourself) can pay off in many ways, including lowering your stress.

See More On: Saving for Retirement | Budgeting | Financial Planning

July 5, 2019

Needing to Hire? Think Wrinkles

There's a wealth of experience out there just waiting for a chance.

See More On: Careers | Business Costs & Regulation

July 5, 2019

5 Key Lessons Learned in 25 Years of Retirement Planning

After witnessing the accomplishments that retirement savers have achieved, and the mistakes they've made, a few helpful truths become clear.

See More On: Making Your Money Last | Financial Planning | Wealth Management

July 4, 2019

The Avengers Were Wrong: Money Can Buy You Time

The most valuable retirement asset you have is time, so use it well. Do what you love while you still can, and don't waste time working if you don't love it and you’ve already saved what you need.

See More On: Making Your Money Last | Family Finances | Wealth Management

July 4, 2019

Money Problems That Come with Financially Successful Careers

For people like doctors, lawyers and engineers, success takes time ... and sacrifices along the way. Once you finally make it, you probably have the urge to start living large, but that could be a mistake.

See More On: Careers | Financial Planning | Wealth Management

July 3, 2019

3 Tragic Retirement Investing Mistakes to Avoid

It can be easy to go astray if you're going it alone. Here are three areas where retirement savers tend to get tripped up.

See More On: Saving for Retirement | Financial Planning | Wealth Management

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