Financial Living Blog

IRAs for Self-Employed Workers

Aug 5, 2020 9:23:46 AM

A common perk of working for a company is a retirement plan. What about if you work for yourself? Will you have a harder time retiring when you decide to call it quits?

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Advance Capital Management Named a 2020 Financial Times Top 300 RIA

Jul 30, 2020 9:31:59 AM

We are pleased to announce Advance Capital Management has been named to the 2020 edition of the Financial Times 300 Top Registered Investment Advisers. The list recognizes top independent RIA firms from across the U.S.

This is the fourth year in a row that Advance Capital Management has been listed.

“We are again honored to be named a top financial adviser in the U.S. and especially proud to have done it for four consecutive years,” said Joe Theisen, chief executive officer of Advance Capital Management.

This is the seventh annual FT 300 list, produced independently by Ignites Research, a division of Money-Media, Inc., on behalf of the Financial Times. Ignites Research provides business intelligence on investment management.

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Forbes 2020 Top Next-Gen Wealth Advisors

Jul 27, 2020 11:45:59 AM

We are pleased to announce two financial advisors – Ryan Sheffer and Terra Hohf – have been named to Forbes magazine’s 2020 Top Next-Gen Wealth Advisors list.

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7 Valuable Non-Financial Retirement Assets

Jul 14, 2020 8:38:43 AM

Retirement planning is all about numbers. It centers around one question: do my financial assets – pension, 401(k)s/IRAs, Social Security, property, sale of a business, etc. – provide enough income to fund my desired retirement lifestyle? At least, that is what most people think.

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Using Medicaid to Pay for Long-Term Care

Jul 8, 2020 8:00:00 AM

The purpose of retirement planning is to optimally use your assets to fund your retirement goals, but also cover all the needs that may arise as you age. One of those needs for a growing number of Americans is long-term care. More than half of those turning age 65 today will require some form of long-term care, according to the U.S. Department of Health and Human Services.

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When a Roth Conversion Makes Sense

Jul 1, 2020 8:08:16 AM

A Roth IRA provides several advantages in retirement when you start to use your savings for income. Whether you should consider a Roth conversion depends on your current and expected future financial situation, but sometimes also the state of the market and the economy.

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Buyer Beware: How Low Interest Rates Impact Annuities

Jun 10, 2020 1:20:00 PM

If you want the guaranteed income an annuity can offer, make sure the payout is worth the various downsides.

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Ways to Use Money to Support Your Favorite Causes

Jun 3, 2020 9:46:59 AM

How do you want money to define you? It’s a difficult, but important question.

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Preparing for the Economic Recovery

May 18, 2020 10:30:41 AM

And now, for a look toward a better future.

We won’t know the full economic impact of the coronavirus outbreak for quite some time. With more than 30 million people out of work, we know the damage is severe. But we also know that eventually the economy will recover. Economic activity is generally cyclical. Every recession – no matter how deep – has been followed by an expansion.

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Protect Loved Ones by Updating Your Estate Plan

May 6, 2020 10:15:20 AM

If there is one silver lining of a crisis, it is the reorienting effect that reminds us of what matters most in life – our loved ones and our health. A crisis can also serve as a reminder of what we should do to protect them.

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