Your life expectancy can have a huge impact on your financial planning. In a separate blog article, we talked about how it’s so important to make sure your money lasts as long as you do, and nowadays, that means possibly to age 95 or 100. If you know you’re likely to live to a ripe old age, […]
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Preparing for Retirement? A Financial Advisor Can Help
We all know what a critical time retirement can be. Today’s retirees may spend thirty years or more not working. That’s a heavy burden to place on your nest egg. Take out too much, and your savings will run out. Take money from the wrong account, and you’ll pay for it at tax time. That’s why […]
No Excuse For Your Small Business Not To Offer a Retirement Plan
There is definitely a problem in the small business world. About 65% of all U.S. businesses are small businesses. Only 29% of those have retirement plans. The remaining 71% of small businesses offer no formalized way for employees or employers to save for the future, meaning they are dependent on Social Security and, at most, $5,000 per […]
Quote of the Week: Health Care Costs in Retirement
A 65-year-old couple who retired in 2011 can expect to spend an average of $230,000 on health care services not covered by Medicare, not including any additional expenses for nursing home care, during their retirement. Fidelity Benefits Consulting, March 31, 2011
Time is Running Out To Fund Your IRA …..
Don’t Forget …. You have only until Tuesday, April 17 to fund your Traditional IRA or Roth IRA account for the 2011 tax year. This is a “use it or lose it” opportunity to put money where the IRS won’t tax it for many, many years, or will never tax it, in the case of Roth IRA […]
5-Minute Fix: Are You Saving Enough to Meet Your Goals?
No time to spare? Don’t worry. The “5-Minute Fix” shows you how to have a big impact in your financial life with just a little time. Okay. So you are putting away a little bit of money every paycheck into your 401(k). Or maybe you contribute to your Roth IRA. But how do you know if it’s enough? […]
Start Saving Early … Or It May Cost You
You probably already know that one of the keys to successful financial planning is to “start early.” There’s a good reason for that. If you start saving in your 20s or 30s, and let your money compound over time, you don’t need to save that much. However, if you delay until you are in your 40s or […]
Young Singles: Already Behind at the Savings Game?
Singles are surging. They number almost 100 million and make up 43% of the adult population in the United States. But therein lies a problem, at least when it comes to retirement savings. Young singles (between the ages of 22 and 35) are about half as likely to open a retirement savings account and save for the future as their married […]
5-Minute Fix: Getting Free Money From Your 401(k)
No time to spare? Don’t worry. The “5-Minute Fix” shows you how to have a big impact in your financial life with just a little time. If you are not putting enough money in your 401(k) to get the maximum employer match, you are absolutely leaving free money on the table. 29% of all workers do not contribute […]
Will Your Portfolio Income Grow With You?
Everyone knows how low interest rates are right now. That’s why we urge investors to look beyond government bonds and CDs if they need to earn a decent amount of income. Here’s a dramatic illustration of how your income stream would have withered away if you chose to invest only in government bonds over the course of a […]
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About Mari Adam, CFP®
Mari Adam, Certified Financial Planner™ and President of Adam Financial Associates Inc, has been helping individuals and families chart their financial futures for twenty five years. Mari has appeared in publications such as Business Week, CBS MarketWatch, Wall Street Journal, Kiplinger’s, Newsweek, and Money Magazine.
