W.C. Fields, at the time of his death, reportedly had numerous financial accounts all over the U.S. and around the world. It was his habit to place money in several accounts after finding himself stranded in a city with no money. While spreading money around and stashing in multiple accounts the world over is actually a good approach to wealth management, you need to know how to do it correctly. That is where private wealth management advisors can help.
14 October 2015
An integral part of most personal retirement plans is Social Security benefits. The availability of Social Security income affects the planning of other distributions. Individuals planning for retirement can achieve a more comprehensive financial plan by determining the optimal age at which to begin receiving Social Security payments. Individuals may receive full Social Security benefits at a designated age, but reduced benefits are available at an earlier age. Social Security income may also be delayed beyond an individual's full retirement age to increase the monthly payment amount.
13 October 2015
If you're approaching retirement, then you need to think about your finances. You will most likely need to supplement your social security payment. If you have money in risky stock investments, or in a bank collecting interest, then it would be wise to consider re-appropriating some, or all of it, to investments that are more suited for a retired person. Here are some investments that are suited to a person getting ready to retire.
13 October 2015
Planning to be financially stable after retiring from work can take considerable work and information. You may have a group retirement fund set up through your employer or have individual retirement accounts (IRA) set up with a financial planner that allow you to make regular deposits. These deposits are taken directly from your paycheck and are figured before you are taxed on your income. Moving the money around between these accounts to receive a better interest rate can be done, but new laws are in place that limit these IRA "
6 October 2015
If you own your own farm, you are considered self-employed. This means you will have to take care of your retirement funds on your own. One way to do this is through an IRA. There are different types, however, and it may be confusing when you start researching it. Below are five different types you will find to help you make the best-informed decision on what is best for you and your family.
14 April 2015