Are your 401k & Roth IRA's ready for retirement? 3 Questions to ask!
Roth IRA's Are Not "Aggressive" Investments
401(k) Contribution Limits For 2024
Planning An Early Retirement? Here Are 7 Key Considerations You Must Review First
I work with a lot of young professionals and there is a growing number of people in their 20s and 30s who want to retire early. You may have even heard the acronym FIRE before, Financial Independence Retire Early. Fortunately, it’s easier to work towards early retirement when you set out to do so at 20 vs 45 but there are also a lot of important considerations, and it takes some serious planning to pull this off successfully. ✔️
Are You a Financial Procrastinator? 5 Ways To Overcome It
Financial procrastination is when you have financial obligations and moves to make, but you put those decisions aside on a continuous basis. For instance – you know you need to balance your checkbook, but you continue waiting until things are going wrong. Or, you may have student loans and need to apply for a deferment but you let the time-lapse and end up in the credit bureau.
Lance's Takeaway from 'The Psychology of Money' by Morgan Housel
So I just started reading “The Psychology of Money” by Morgan Housel…
Inflation is the Greatest Threat to your Future Retirement
Why Your 401k Won't Be Enough to Retire On
2 Minute Tutorial On S Corps, LLC’s, Sole-Proprietorship And Some Retirement Account Options From A Planning Perspective
I often get asked about S Corps, LLC’s, Sole-Proprietorship and retirement account options and how they impact a small business owner from a planning perspective. First off, we are not CPA’s or Tax Attorneys focusing on business structure. That’s not a boring compliance disclaimer, but its’ actually important to realize that this is not just a tax decision but a legal and protection one.
Does a Roth IRA Conversion Fit Into Your Financial Plan?
Backdoor Roth IRA's and Roth Conversions: how could they be affected by new legislation?
Today I am rounding up my 5 key takeaways on the proposed legislation that may affect some of the tax planning strategies we often implement with our HENRY clients, such as the Mega Backdoor Roth IRA.
Lance Drucker Named Forbes NYC Best-In-State Wealth Advisor
Lance Drucker, ChFC® & CLU®, was ranked #55 on Forbes NYC Best-In-State Wealth Advisors in 2021, developed by SHOOK Research. The list, which recognizes advisors from national, regional and independent firms, was released online February 11, 2021. Each year advisors are carefully selected based on an algorithm of qualitative and quantitative criteria.
Life Stages That Impact Your Life Insurance Needs
As a HENRY or Pre-retiree, you should understand that having life insurance is part of a responsible financial plan. Most people are not aware that needs keep changing according to their life stage. If you have found a plan that meets your needs and gives you peace of mind, it is important to reevaluate your life insurance needs as they fluctuate during different life stages.