Retirement Planning

My favorite type of retirement plan for sole proprietors

My favorite type of retirement plan for sole proprietors       Retirement savings accounts known as SEP IRAs have distinct advantages A simplified employee pension (SEP) IRA is a retirement savings plan established by employers—including self-employed people—for the benefit of their employees and themselves. Employers may make tax-deductible contributions on behalf of eligible employees …

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Planning for Elder Care – It’s never too late to start saving

Planning for Elder Care – It’s never too late to start saving.   If you have not started planning for long-term care expenses yet, today is the day!     Genworth puts out information on the cost of care for eldercare. The site provides numbers for in-home care, community and assisted living, and nursing homes …

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What do you need to retire?

What do you need to retire?   My view is that wealth is more than just the tangible asset or number we see on a net worth statement. I believe it’s deeper than that. Understanding the numbers is certainly important, but to truly measure wealth, we must consider intangible items like being able to invest …

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What You Need To Know About Social Security Retirement Benefits

What You Need To Know About Social Security Retirement Benefits   Did you know?  Social Security began as the “Old Age, Survivors and Disability Insurance Program” and paid retirement benefits as a lump sum amount in its initial 2 years.  The first program beneficiary, Ernest Ackerman, received a lump sum payment in January 1937 of …

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A Strategic Withdrawal Strategy for Health Savings Accounts (HSAs)

A Strategic Withdrawal Strategy for Health Savings Accounts (HSAs)   We continue to see more and more companies offering high deductible health plans (HDHP) with an HSA account option.  For healthy adults, if you have minimal medical visits a HDHP with HSA can save you money given the lower premiums and tax deduction for the …

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Is working with an independent financial advisor right for you?

Is working with an independent financial advisor right for you?   When you choose a professional to help manage your money, it’s easy to assume that all financial advisors belong to the same professional group and adhere to the same standards. In reality, though, “financial professionals fall into two general groups, according to whether they …

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How Living Longer May Affect Your Retirement Plan

How Living Longer May Affect Your Retirement Plan Americans now have a longer life expectancy—so their retirement assets need to last longer, too.   As many of you know, we use Charles Schwab & Co., Inc. (“Schwab”) as our Custodian. Schwab provides custody, trading, and operational support services for Registered Investment Advisors like AP Wealth …

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10 Things to Consider When Planning to Transition into Retirement

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