Do you have a will or an estate plan? Around half of you reading this said “no.” And of those of you who said “yes,” most haven’t updated their will or plan in some time. If there’s a common unaddressed problem in the financial plans of many adults of all income levels, it’s what to do about their assets when they’re gone.
Has this ever happened to you? You go to a restaurant, read the menu and then suddenly find yourself seemingly paralyzed. Though you’re hungry, you can’t decide what to order. The Cobb salad or the cheeseburger? You’re overloaded with options, and you fear that whatever you order, the other meal would have been better.
WANTED: High-energy, extremely selfless and caring multitasker. Duties may include: negotiating the nation’s complex health system, arranging frequent trips to various medical facilities, maintaining a strict prescription schedule and daily tasks such as cooking, cleaning, dressing, bathing and other household chores. Required skills: strong communicator, high stress tolerance and ability to lift more than 20 pounds. Must have a valid driver’s license and must be willing to work long hours and available on short notice. Salary: N/A.
Health is wealth. At no other time may this be truer than in retirement. Whereas many of your expenses decline once you retire (hopefully you don’t have to commute, the mortgage is paid off and the kids are financially independent), health care costs will generally rise as you age.
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We also love each other as a dedicated, hard-working team.
Therefore, it is with great pleasure to announce Advance Capital Management was recognized as a 2019 Best Places to Work for Financial Advisers by InvestmentNews magazine.
We were chosen as one of this year’s top-75 firms based on employer and employee surveys delving into everything from company culture, benefits, career paths and more.
A comfortable retirement isn’t achieved on hope alone. It involves a series of important decisions, which put together can seem overwhelming. But it doesn’t have to be that way.
How do you pack for a race to the South Pole? Though you must prepare for harsh conditions, you can’t bring along every tool imaginable. You need to be nimble enough to make good time and traverse Antarctica’s cold, uneven terrain. Therefore, you must be meticulous in your planning, with thoughts on the challenges you may face and the ways you’ll adapt your plan to overcome them.
Not all financial goals are alike, so the way you save for each one should be different, too. Think about it. You don’t save for a vacation in an IRA and you don’t save for retirement in a low-interest savings account.
You know you want to retire at some point. What you may not know is if you’re doing all the right things to get there. Are you saving enough? Are you even saving in the appropriate retirement account?
Every dollar is a decision to be made. Should you spend it? Save it? How about invest it?
