Go to page: How to create passive income
From: REAP, LLC. | Retirement & Estate Advisors & Professionals
Creating passive income is all about careful strategizing and making the most of your time and money. Whether you’re looking for additional security during retirement or plan to retire early, developing multiple passive income streams can supplement or replace your existing sources of income and transform the way you spend your time.
Straightforward Options
Chances are, you’re already familiar with…
A pre-retiree heads into retirement with many goals, some at odds with others. Often these goals include: maintaining a high standard of living, not running out of money, leaving a legacy after death, etc. But, a retiree’s number one goal must be to not run out of money. In reality, having the right financial situation such that one can continue living without work and not run out…
From: www.forbes.com
Many of us are familiar with and follow the “120 minus your age” investing framework. It says that you should subtract your age from 120 and invest that percentage in equities, putting the rest in fixed income. For example, a 50-year-old would be 70% (120-50) in equities and 30% (100%-70%) in fixed income. (Note that the rule used to…
Go to page: Do you know what RMDs are?
From: REAP, LLC. | Retirement & Estate Advisors & Professionals
Tax-advantaged retirement accounts can help you build wealth and prepare for a comfortable retirement. However, you won’t be able to accumulate cash in these special savings vehicles forever. Owners of certain types of accounts will have to eventually start withdrawing their money in the form of required minimum distributions, or RMDs.
70 ½: The Number to Know
The IRS…
From: www.irahelp.com
An inherited IRA can be a great thing for the beneficiaries. It is almost like winning the lottery or the Reader’s Digest sweepstakes. You get income for life, or do you? It is all too easy to miss out on this opportunity. The following apply to beneficiaries who are named on the beneficiary form. Beneficiaries…
Go to page: Financial tips for every stage in life
From: REAP, LLC. | Retirement & Estate Advisors & Professionals
There is no one-size-fits-all strategy when it comes to financial planning, but it can be helpful to create a road map based on details like retirement goals, income bracket and how much risk you’re comfortable with. These often align with age, making broad generational considerations a good place to start.
Generation Z
The oldest of Generation Z are…
From: www.marketwatch.com
Americans are living longer in their old age, and should be preparing accordingly.
Restaurateur Cecilia Chiang retired in 1991 from her business but you can still find her cooking at home or enjoying meals at restaurants in her neighborhood.
The 98-year-old is well-known for her Mandarin Restaurant in San Francisco, which she opened in 1961 and sold in 1991. She received the…
From: www.behaviouralinvestment.com
“Nothing in life is as important as you think it is while you are thinking about it.” – Daniel Kahneman
Which major investment issue were you thinking about on March 11th 2016?* You probably can’t remember even though, at the time, it seemed incredibly important. Whilst most of us should be investing for the long-term, markets conspire against us; lurching from one…
Go to page: How to shift from saving to spending in retirement
From: REAP, LLC. | Retirement & Estate Advisors & Professionals
Even if you’ve spent years earning an income, saving diligently and investing wisely, transitioning to life without a regular paycheck can still be stressful. Find balance and confidence during retirement with a few smart spending tips.
Assess your spending priorities.
Be realistic about your spending plans during retirement, but instead of weighing needs versus wants, think…
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