The IRA and the 401(k)

Special contribution by Nicholas VanGeest, Certified Financial Planner   How do you save for retirement? Two options probably come to mind right away: the IRA and the 401(k). Both offer you relatively easy ways to build a retirement fund. Here is a look at the features, merits, and demerits of each account, starting with what…

Facts about Retirement

Special contribution by Nicholas VanGeest, Certified Financial Planner   Does your vision of retirement align with the facts? Here are some noteworthy financial and lifestyle facts about life after 50 that might surprise you.   Up to 85% of a retiree’s Social Security income can be taxed. Some retirees are taken aback when they discover…

Have you budgeted for retirement?

Special contribution by Nicholas VanGeest, Certified Financial Planner   Run the numbers There is a rule of thumb for retirees suggesting that retirement income has a target of 70-80% of the household’s end salary, though this can certainly vary. So, years before leaving work, sit down (perhaps with the financial professional you know and trust)…

Managing Money as Newlyweds

Managing money can be a tricky task as a single person, let alone as a couple. There are often many new discoveries that take place as newlyweds and the aspect of money can be difficult to navigate if you’ve only had to consider your own income and spending. According to a study done by SunTrust…