Brian Rice’s Post

The future looks bright for younger investors. A 2024 analysis by the Investment Company Institute found that, adjusted for inflation, Gen Zers have nearly three times more retirement assets than Gen Xers did at the same age. Check out our latest blog if you are new to investing ➡️ https://loom.ly/Cq6nU84 #Investments #Retirement #NewInvestor #CertifiedFinancialPlanner

Emergency savings really should be the first conversation being had with people at the beginning of their savings journey. Establishing this foundational component of your savings and investment journey is critical for success. This article discusses the drawbacks to not starting here and how dipping into retirement savings can impact your long-term success. Here are my key takeaways: 1. Increased 401(k) Loan Usage: There has been a significant rise in participants taking 401(k) loans, indicating that many individuals are struggling with insufficient emergency savings and turning to their retirement funds to cover unexpected expenses. 2. Impact on Retirement Savings: Frequent borrowing from 401(k) accounts can jeopardize long-term retirement readiness. Loan defaults, especially among younger participants, can lead to substantial losses in retirement savings over time. 3. Employer Solutions: Employers are encouraged to offer financial wellness programs, including emergency savings accounts, to help employees manage short-term financial needs without dipping into their retirement savings. These programs aim to improve financial literacy and provide tools to balance immediate and future financial goals. https://lnkd.in/gNKfdUWA #401k #erisa #hrbenefits #retirementplans #fiduciary #wealthmanagement 

Discover how to maximize the potential of your home equity and investment properties to strengthen your retirement. Our team at Aspire Planning Associates combines expertise in real estate financing, taxation, and retirement planning to help you unlock the full value of these assets. Read more in our latest article: https://lnkd.in/gjF_bCm4

A good article about the pitfalls of downsizing for retirees. Among the many problems that can occur, if you have to move to another area, is the emotional distress caused by having to not having the usual social connections and support to rely on. Futureproof's soon-to-be-released Equity Preservation Mortgage® will enable retirees who own their home to stay in their home as it provide a tax-free annuity income stream. Most importantly, it preserves all home wealth to pass onto children. #Futureproof #EquityPreservationMortgage #RetirementFunding #RetirementPlanning

As you approach retirement, one of the critical financial decisions you'll face is whether to carry your mortgage into retirement or to pay it off. This decision is far from straightforward, as it involves balancing several factors, including liquidity, the net cost of borrowing, and the potential returns from investments. At Sevey Wealth Advisors, we understand the complexity of this choice and are here to help you make an informed decision.

If you're in your 30s or 40s, retirement can seem too far away to be an immediate priority. But for professionals and other high-income earners, it is never too soon to start planning for your financial future, both for the short and long term. That’s where Stephen Morson is focused - on your immediate needs and your financial future. “The people I talk to for the most part are more concerned with accumulating enough for a down payment, and what are the best strategies and tools for that,” Stephen says. “Or they're dealing with mortgage payments and they want to come up with ways of building wealth while paying down debt.” As a member of the next generation of wealth, Stephen knows you have different needs, values and visions than those of your parents.  Through that lens, we develop strategies for building wealth, reducing debt, paying less tax throughout your 30s and 40s and guiding you through your key years of wealth accumulation. “That's one thing we do for the children of our current clients,” Stephen says. “We sit down with them and talk to them about their goals, come up with ways to get there, and set up the various accounts they need to take advantage of tax savings and other programs. “We aim for steady growth over a long time frame. If you start investing early, you have a long time frame in your favour. Through the normal growth in the market – say five, six, seven percent a year, conservatively – if you keep to the plan we develop, you'll likely hit every goal you're trying to achieve.” #richardsonwealth #morsoncarsonwealthcounsel #familyfirst #intergenerationwealth #financialplanning #financialgoals #integratedwealth #empoweredwealth #taxsavings #taxstrategies #wealthstrategies #financialfuture #secureyourfuture #investwisely #retirementplanning #financialfreedom #comoxvalley

If you're in your 30s or 40s, retirement can seem too far away to be an immediate priority. But for professionals and other high-income earners, it is never too soon to start planning for your financial future, both for the short and long term. That’s where Stephen Morson is focused - on your immediate needs and your financial future. “The people I talk to for the most part are more concerned with accumulating enough for a down payment, and what are the best strategies and tools for that,” Stephen says. “Or they're dealing with mortgage payments and they want to come up with ways of building wealth while paying down debt.” As a member of the next generation of wealth, Stephen knows you have different needs, values and visions than those of your parents.  Through that lens, we develop strategies for building wealth, reducing debt, paying less tax throughout your 30s and 40s and guiding you through your key years of wealth accumulation. “That's one thing we do for the children of our current clients,” Stephen says. “We sit down with them and talk to them about their goals, come up with ways to get there, and set up the various accounts they need to take advantage of tax savings and other programs. “We aim for steady growth over a long time frame. If you start investing early, you have a long time frame in your favour. Through the normal growth in the market – say five, six, seven percent a year, conservatively – if you keep to the plan we develop, you'll likely hit every goal you're trying to achieve.” #richardsonwealth #morsoncarsonwealthcounsel #familyfirst #intergenerationwealth #financialplanning #financialgoals #integratedwealth #empoweredwealth #taxsavings #taxstrategies #wealthstrategies #financialfuture #secureyourfuture #investwisely #retirementplanning #financialfreedom #comoxvalley

In Australia’s dynamic real estate market, access to quick and reliable finance solutions is key, particularly for retirees looking to downsize. With bridging finance from Funding, retirees can secure their ideal property before their current home sells, making the transition to retirement simpler and more streamlined. Transition to retirement: bridging loans for downsizers: https://hubs.li/Q02QF4x90

Unlock the potential of your retirement savings with self-directed IRA lending. Explore smart strategies for growing your nest egg by lending responsibly. Master the rules and reap the benefits without the common pitfalls. Start building wealth today. Learn more ➡️ https://bit.ly/4cAFNsZ #RetirementPlanning #SelfDirectedIRA #WealthBuilding #InvestmentStrategy #SmartLending

Gen Z has nearly 3x more retirement assets than Gen X did at the same age, thanks to improvements like 401(k)s and stock purchase plans. If you're new to investing, we're here to help! In part one, we'd cover: 1️⃣ Avoiding credit card debt 2️⃣ Embracing long-term investing 3️⃣ Maximizing tax-advantaged accounts Read part one now and stay tuned for part two on building a diversified portfolio and a personalized investment plan. Ready to start your financial journey? Reach out today! #WarrenStreet #Investing #GenZ #FinancialFuture #RetirementPlanning #SmartInvesting https://lnkd.in/ga-NXW6f