Have you heard these 5 money myths?

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

Has anyone ever made an unfair assumption about your money habits? Was that assumption based on how old you are?

People often look for patterns and trends when it comes to spending and saving, but in reality, your financial approach probably isn’t based on age or decade alone.

What do you think? Do these common beliefs hold true,…

How and when should you rebalance?

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

When was the last time you checked your portfolio’s asset allocation? If your answer is “never” or “I can’t remember,” then it may be time to rebalance.

Maintaining the right balance of stocks and bonds across all your accounts is important when it comes to managing risk, and rebalancing every year or so helps you do that.

Here’s what…

Should you always keep an emergency fund?

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

You’ve probably heard that you should have an emergency fund. The purpose? To tide you over for a few months in case you lose your job.

So does that mean you can stop worrying about maintaining this rainy day account once you retire?

Not really. Retirees should probably consider keeping their emergency funds intact for several reasons.

Here’s why…

A Guide to Giving and Lending Money

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

Has a friend or relative ever asked you for a sizeable loan or financial gift? Handling this situation can be tricky. You don’t want to damage your relationship, but you also need to do what’s right for yourself.

With a careful approach, however, you can smoothly manage whatever request comes your way.

Saying Yes

If you’re comfortable saying yes…

Put Catch-Up Contributions to Work

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

Say you’ve reached your 50s or 60s and wish you’d saved more for retirement. Those work-free years that were once a distant fantasy have almost arrived, and while you’re looking forward to them, you’re also feeling a little nervous.

Why? Well, you don’t want to rely too heavily on Social Security, which probably won’t pay enough for a comfortable…

Does early retirement make sense for you?

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

Who wouldn’t love more control over how they spend their days? Retiring early can make that happen sooner rather than later, but it’s also a huge decision.

If you’re in a position to retire early — or if you aspire to find yourself in this position one day — how do you know exactly when to make…

6 Steps to a New Financial Approach

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

Have you heard of zero-based budgeting?

This approach isn’t for everyone, but many people find it’s an efficient way to keep track of their finances and stick to their goals.

And zero-based budgeting can be a good fit no matter where you are in life, whether you’re a young adult just learning about money or you’re retired and…

Why Prenups Aren’t Just for Millionaires

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

Does talking about prenuptial agreements make you uncomfortable? For many of us, the answer is “yes.”

Realistically, signing a prenup doesn’t mean that your marriage is doomed or you don’t trust each other. It means you’re wise enough to plan for the worst even as you’re striving for the best.

Even though marriage is based on love and commitment,…

What’s your retirement spending strategy?

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

veryone’s retirement spending plan will be a little different, but we probably all have one goal in common: Don’t run out of money.

Have you thought about how much you want to withdraw each year after retirement? Having a solid plan in place will not only help you stay secure, but it will also save you a good amount…

Maintain Good Credit With These 3 Tips

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

You’ve worked hard to earn a high credit score — now what?

To stay in good standing and keep your borrowing rates as low as possible, some vigilance is required. Smart consumers know they should keep an eye on their excellent credit to make sure it stays that way.

This doesn’t demand much effort, either. Are you taking…