Financial Literacy and Your RichLife Retirement
April is National Financial Literacy Month. Financial literacy is the foundation for lasting wealth and a fulfilling retirement.
RichLife Advisors is dedicated to being your go-to resource for information needed to make informed decisions about all aspects of retirement. Founder and visionary, Beau Henderson, has dedicated his life to helping others plan for theirs through his many bestselling books, serving as a local and national media resource, hosting educational events, writing regular blogs, and hosting weekly radio and podcast shows.
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April is National Financial Literacy Month. Financial literacy is the foundation for lasting wealth and a fulfilling retirement.
Looking for a financial advisor? This Bankrate article I recently contributed to has got you covered with a list of pros and cons to consider before making your hiring decision. From personalized guidance to high fees, read up on what to expect before handing over your money.
Most investors can benefit from using an incremental Roth conversion strategy for 403(b) plans. That way, you only convert what you can afford to pay taxes on each year. You don’t want your Roth conversion to cost more than it has to.
“For richer, for poorer” sounds good in wedding vows, yet it doesn't even touch on the many financial problems American couples face today. And every financial professional I know has had to deal with couples who simply aren't on the same page financially. How do you, the trusted financial advisor, handle a situation like that? Here are a few recommendations that could help...
Since there aren’t many do-overs when it comes to your retirement income, the most important thing is that you are confident that your financial advisor has the training and skills to help you maximize your income while reducing your tax liability so you have enough money in the decades following your retirement. If you're within 10 years of retiring, you'll benefit most from working with an RICP. The earlier you engage an RICP inside that window, the better. Not sure if you should change advisors? This article in Forbes Advisor details the differences between CFPs, CRPCs and RICPs and how they can help you make sure your hard-earned savings last as long as you do.
Don’t miss out on benefits that are rightfully yours. Make sure you know how to navigate the big Social Security disconnect.