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wealth management, retirement preparation

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4 Tips to Take Your 401(k) to the Next Level

The best kind of money isn’t old, new or even tax-advantaged – it’s free money! If your employer has a 401(k) program, they probably have a matching plan. Know what that is and make sure you max it out. They’re essentially giving you money, which you never want to turn down.

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Retirement for Young People

Published by Sidney Meriweather, Relationship Manager I was sitting in class for one of my CFP® courses, and the professor asked me, “When do you plan to retire?” I really couldn’t come up with a good answer other than, “maybe 65?”

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When Work Becomes Optional

Published by Robert W. Huntley, CFP®, CHFC®, CKA® Founder & Wealth Advisor WHAT WILL YOU DO WHEN WORK BECOMES OPTIONAL?  For most people, there is never enough money. Either that is factually true, meaning the numbers just don’t add up yet, or, it’s emotionally true, they will never feel like they have enough, regardless of the numbers.

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Is a SIMPLE IRA a Good Option For You On Your Consulting Income?

Published by Robert W. Huntley, CFP®, CHFC®, CKA® Founder & Wealth Advisor Many people retire in their mid-50s to mid-60s but continue working on the side as contractors. The side gig is a way to earn some extra spending money and stay engaged mentally and socially. In this situation, you have an option to fund a SIMPLE IRA plan that can be very attractive and save you some serious taxes. Here’s how it works. Suppose you retired and are doing consulting work now, earning profits of $20,000 per year. This consulting income must be reported as self-employed income and most people will...read the full article

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What’s a Reasonable Income to Plan For a $1,000,000 Nest Egg?

Published by Robert W. Huntley, CFP®, CHFC®, CKA® Founder & Wealth Advisor We don’t live on lump sums. We live on the income. While it may feel nice having $1,000,000 in your IRA or 401k plan, what really matters is how much income you can reasonably generate on that money because it’s the income that matters.

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Part III of III: Common Misconceptions About Trusts

Published by Mindi Bozeman Zanowiak, Normand Bozeman Zanowiak, PLLC Part I explored what a trust is.  Part II explored who needs a trust.  In Part III, we’re exploring common misconceptions about trusts.  These misconceptions center around three areas:  who needs trusts, what can be accomplished with trusts, and how trusts operate.

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529 College Savings Plan, financial advisor, Carson Wealth, Omaha, Nebraska

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How a 529 College Savings Plan Can Help Make Summer Dreams a Reality

I have always loved the feeling of summer. Once Memorial Day celebrations kick off, the atmosphere seems to relax. Sunshine, water and sunscreen seem to be everyone’s focus. Long, warm nights are filled with the sounds of lawn mowers and children laughing.

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Part II of III: Who Needs a Trust?

Published by Mindi Bozeman Zanowiak, Normand Bozeman Zanowiak, PLLC In Part I, we became familiar with what a trust is.  Now, we’re looking at the question…who needs a trust?

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Part I of III: What is a Trust?

Published by Mindi Bozeman Zanowiak, Normand Bozeman Zanowiak, PLLC A trust is an estate planning tool, but let’s back up.  What is estate planning anyway?  From a legal perspective, it is being intentional about the legacy (financial and personal) you leave by memorializing your wishes in writing.

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Traditional IRA, Roth IRA, tax/taxes/taxable

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Should you invest in a Roth or Traditional IRA?

Multiple retirement savings vehicles are available but having options can be overwhelming. Each option comes with different rules leading to a variance of outcomes in the short-term and long-term. It’s not that dissimilar to choosing what to eat.

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