Money Matters

Comprehensive analysis is key to plentiful retirement
Comprehensive analysis is key to plentiful retirementFor physicians with 15 or 20 years left to work before retirement, the planning is easy­­–as time is on their side. Adjustments can be made regarding savings rates, age of retirement, and future cash flow needs. When retirement is imminent within three years, the planning options are limited, and physicians must become realistic about what is mathematically feasible as far as generating sustainable cash flow to support their lifestyle. Here are some issues for physicians who are facing retirement within three years or less.
Do I really need a long-term disability policy?The chances of needing long-term disability insurance are higher than you might think and can be worth the expense
How to create a more balanced portfolioAs some assets appreciate in value and others lose value, your portfolio’s allocation changes. Rebalancing is the remedy for asset drift and an important part of maintaining a healthy investment portfolio.
How often should beneficiaries be reviewed?Following some basic guidelines will ensure the beneficiary designations you make are accurate and up to date.
How to choose the right investment strategy
How to choose the right investment strategy"Determining what to invest in should be based primarily on the needs, temperament, and available resources of each individual or family," write Jeff Witz, CFP, and David Zemon.
How to prosper, survive during sky-high marketsWith the U.S. stock market reaching record highs, it’s important to know how to prepare for an eventual fall. Plus, tax credits may be available for tuition payers.
How to protect yourself against long-term care costsOne of the frequently asked questions in the financial planning discussion is: “How can I protect myself against the possibility of long-term health care expenses?” This subject is a concern for most Americans. A recent survey of over 10,000 affluent investors, conducted by Spectrem Group and Vanguard Financial, found that long-term care was the top concern among individuals with $5 million to $25 million in assets.
Planning for retirement: How much is enough?When trying to determine how much is enough when saving for retirement, there are many elements that must be considered. Plus, weigh these pros and cons when deciding how long to receive payments from an immediate annuity.
Top 10 tips for getting your finances in orderGetting your finances in order can be overwhelming; here are a few good places to start. Plus, find out if it’s too late to make an IRA contribution.
Lifestyle creep: What is it, and how do you avoid it?