How to Launch a Second Career
Many retirees launch second careers, also called bridge jobs, when they reach retirement. In 2019, a survey found that almost 40% of those who retire were going back to work. Some launched second careers because their retirement was not what they expected. Many...
Estate Planning When You Don’t Have Kids
The term “estate planning” sometimes leads people to believe that it’s only about passing wealth down to the next generations. If you don’t have children, you may think that estate planning isn’t necessary. However, neither is true. Your estate doesn’t mean “wealth.”...
Retirement & the Rising Housing Market in Dallas
Housing costs and general cost of living vary from state to state, but the average retiree spends about $16,700 per year on housing alone, as of 2019. That includes mortgage or rent payments, insurance, property taxes, and maintenance and repairs, but not utility...
How Much Cash Should You Have on Hand?
You’ve probably heard it before: you should have an emergency fund for those times when life throws you a curveball. Unexpected medical bills, car repairs, home repairs, a sudden layoff, and even pandemics can disrupt your current budget in an instant. As a retiree,...
How to Make the Most of the Money You Have
When you’re aiming to get your finances in check, you might think you need to make more income to cover all your bases. However, making the most of the money you already have is a great way to meet your financial goals. Doing more with your money that’s already coming...
What You Need to Know About the SECURE Act
The SECURE Act, or “Setting Every Community Up for Retirement” Act, became law on December 19, 2019. The idea behind this bill is to make retirement savings less complicated, and to simplify the rules of IRAs and other retirement funds. If you were over the age of...
What Retirees Need to Know About 2019 Taxes
zWhether you’re soon to be retired or are newly retired, it’s important to understand how taxes will change for you. Recent tax code changes and legislature are also affecting 2019 tax season, so we’re sharing a few things you should know. Retiree Taxes and...
Top Financial Mistakes People Make When Changing Careers
Making the decision to change careers is exciting. You can easily get caught up in the fervor of leaving behind an old job and experiencing something new. But before you make that switch, be sure you know what you’re giving up and what you’re getting in return. Avoid...
How a Financial Planner Can Help You Change Careers
Times are changing, and so is the American workplace. Companies no longer offer pensions to employees today. Generation Xers carry the most student loan debt of any generation at nearly $40,000 per borrower. Baby boomers have the second-highest average student loan...
Talking About Money in Marriage
Even if you’ve been married for years (and sometimes decades!), money disagreements may still arise. Finding consensus with your spouse is essential to having a stable financial life, and financial harmony within a marriage is critical to financial success.
Can You Afford to Make a Career Change?
There’s one thing that often holds us back from changing our careers: finances. But, with some financial planning, you can make a career change. Figure out if you’re ready to take that leap by using our Career Change Calculator below.
Starting 2020 on the Right Financial Footing
The truth is, the markets will fall. The markets will also rise. What does all of this mean for you, and how can you prepare yourself to weather the ups and downs of the stock market so you’re not giving yourself more gray hair?