What Is Sequence of Returns Risk? Why a Market Drop Early in Retirement Can Matter So Much Imagine two people retiring on the same day. They each have the same amount of money invested. They withdraw the same amount for retirement income. Over time, their investments experience the same...
How Much Should You Have Saved for Retirement at 55? What to Focus on in Your Final Working Years If you're 55 and looking at your retirement accounts wondering, "Have I saved enough?" you're asking an important question. But it may not be the only question you...
How Much Is the RMD on a $500,000 IRA? How Required Minimum Distributions Work If you have $500,000 in a traditional IRA, how much could you eventually be required to withdraw each year? Let's start with a straightforward example. If you're age 75 and your traditional IRA had...
Can You Trust AI With Your Retirement Planning? What AI Can—and Can’t—Do You have a retirement question. Maybe you're wondering whether you can afford to retire next year. Maybe you're trying to decide when to claim Social Security. Maybe you're considering a Roth conversion, wondering how much cash you...
How to Use an HSA for Retirement: 7 Strategies You May Be Overlooking When you think about saving for retirement, a 401(k) or IRA probably comes to mind first. Your Health Savings Account might not. For many eligible individuals, an HSA is primarily viewed as a place to...
How Much Cash Is Too Much? When “Safe” Money Starts Creating Other Risks Cash feels safe. The balance doesn't fluctuate the way a stock portfolio can. You know what a dollar in the account will be worth tomorrow. And after years of relatively attractive short-term interest rates,...
The Roth 5-Year Rule Explained: What Investors Need to Know Before Taking Money Out You've had a Roth account for five years. Does that mean you can take money out tax- and penalty-free? Not necessarily. The Roth five-year rule sounds straightforward, but there are several details that can make...
Why Are Americans Moving to Lower-Tax States? What the Latest IRS Data Shows Where you live can affect far more than the weather, cost of housing, or distance from family. For some households—particularly retirees, business owners, and higher-income individuals—where they establish residency can also have meaningful tax...
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🚩 When was the last time you evaluated your financial advisor—not your investments, but the actual relationship?
A good advisory relationship should be about more than receiving an investment statement.
Ask yourself:
✔️ Do I understand what I`m paying?
✔️ Do I understand why recommendations are being made?
✔️ Does my advisor know what`s changing in my life?
✔️ Are we discussing more than investments?
✔️ Do I hear from my advisor when there isn`t a crisis?
✔️ Do I feel comfortable asking questions?
And perhaps most importantly:
Do I feel like there`s actually a plan behind my portfolio?
If some of those questions give you pause, it may be worth taking a closer look at the relationship.
Our latest blog discusses some of the warning signs to watch for and questions investors can ask when evaluating their financial advisor.
#FinancialAdvisor #FinancialPlanning #WealthManagement #RetirementPlanning #InvestmentManagement #Fiduciary #FinancialEducation #NovaWealthManagement
Sep 22
Do you know the answer?
#wealthmanagement #financialadvisor #taxes #retirementplanning
Sep 22
A big lump sum can be hard to ignore. But is it the right pension choice for your retirement? 🤔💰
When you`re given a choice between a pension lump sum and monthly lifetime payments, you`re deciding much more than how you receive the money.
You`re also making decisions about:
💵 Lifetime income
❤️ Your surviving spouse
📈 Investment responsibility
📊 Inflation
🧾 Taxes
👨👩👧👦 Your beneficiaries
And once a pension election is made, your ability to change it may be limited.
Don`t evaluate the pension by itself. Evaluate what it needs to do within your retirement plan.
🔗 Read our latest blog at the link in our bio.
#Pension #RetirementPlanning #RetirementIncome #LumpSum #FinancialPlanning #PreRetirement #Retirement #NovaWealthManagement #SouthwestFlorida
Sep 21
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