5 Financial Mistakes Anyone Could Make

From: REAP, LLC. | Retirement & Estate Advisors & Professionals

As you know, planning for the future and keeping your finances on track require regular vigilance and fine-tuning.

But when life gets busy, it’s surprisingly easy to forget about the basics. That’s why even the wealthiest among us can end up picking up less-than-ideal habits.

No matter your situation, it’s a good idea to keep these potential missteps in…

4 Types of Legal Documents to Prepare

From: REAP, LLC. | Retirement & Estate Advisors & Professionals

One part of planning your legacy and making your wishes known involves doing some digital and physical organizing.

Do you have all your key legal documents in an easily accessible but secure place?

Here’s what to have on hand and what to keep in mind as you put your essential information in order.

1. Records

We manage much of…

Considering Your Social Security Options

From: REAP, LLC. | Retirement & Estate Advisors & Professionals

When should you start receiving your Social Security benefits and how they will factor into your overall retirement situation?

These are two of the biggest considerations attached to this important financial topic.

If you have questions on your mind or want to go over anything in greater detail, start by taking a look at these key points and then reach…

Managing Surprises and Sticking to Goals

From: REAP, LLC. | Retirement & Estate Advisors & Professionals

Without expenses like travel and dining out, many people have spent less and saved more over the last few months.

Others are experiencing a sudden drop in income due to job loss or early retirement.

With the timeline of the pandemic still unclear, now may be a good time to take another look at your financial goals. How can…

5 Financial Considerations of Divorce

From: REAP, LLC. | Retirement & Estate Advisors & Professionals

No one wants to think about examining and dividing their finances, but divorce happens.

In particular, an increase in “grey divorce” (divorce involving couples over 50 years old) is something you may have heard about. The longer a couple is together, the more complicated the financial aspects of separation can become.

In the case that there is no prenuptial agreement…

Protecting Your Assets with Life Insurance

From: REAP, LLC. | Retirement & Estate Advisors & Professionals

Life insurance can potentially protect and even increase generational wealth in ways many people don’t know about. Have you taken a look at the various options lately?

While buying a term policy and investing the difference might be a good idea for younger people with few assets, your needs and priorities may shift as you grow older.

Learn how…

Discussing Financial Milestones as a Parent

From: REAP, LLC. | Retirement & Estate Advisors & Professionals

It can sometimes feel awkward or challenging to talk about money and the future, especially with your children.

But if you want to help minimize stress for everyone, you may want to prioritize certain conversations.

Whether your kids are adults, teens or younger, here are a few big financial topics to keep in mind as you work to set…

3 Questions to Ask Before You Downsize

From: REAP, LLC. | Retirement & Estate Advisors & Professionals

Homeowners may choose to downsize for a variety of reasons. Maybe you’re tired of maintaining an older home, maybe you don’t need as much space anymore, or maybe you’re just ready for a change.

No matter the motivation, this is a big decision with many financial details involved.

Have you been thinking about simplifying and wondering if…

3 Misconceptions About 401(k) Fees

From: REAP, LLC. | Retirement & Estate Advisors & Professionals

If you have a 401(k), 403(b) or 457 plan, you may be losing money to overpriced investments and hidden costs. The good news? If you understand the fees you’re paying, you may be able to lower them.

If you haven’t looked closely at the details of your plan lately, now is a good time for a checkup.

Here are…

What are your questions about RMDs?

From: REAP, LLC. | Retirement & Estate Advisors & Professionals

You’ve worked hard to save for your retirement. You’ve also carefully built a plan for managing your savings before and after you leave the workforce.

Among other things, this means considering the ins and outs of required minimum distributions (RMDs) for your retirement accounts.

Are you unclear about the rules or any recent changes? Here are some of the…