Most couples can benefit from estate planning to ensure that their assets land in the right hands after they pass and their health care wishes are followed. But LGBTQ+ couples may have special situations that require extra planning. Here are a few tips for queer folks to consider when starting an estate plan. And, as always, your JJ Burns financial advisor is here to help you create an enduring legacy, ensure your loved ones will be cared for, minimize costs and taxes, and maximize charitable gifts in your estate plan: https://lnkd.in/e9bVRvzJ #estateplanning #LGBTQcouples #LGBTQfinances (Source: NerdWallet)
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Retirement planning involves many factors, but one that’s often overlooked is selecting the right time to retire—if you have a choice, of course. It's no longer just about age, but also emotional and financial readiness. JJ Burns is quoted in FA Magazine recommending baby steps when it comes to determining the right time to retire: https://bit.ly/3XBEhD4 #retirement #retirementplanning #financialplanning
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Are you in the "never retire" camp? Even if you don't plan to retire, you still need a plan. You can call it an anti-retirement plan, if you'd like. SWIPE 👉 to see the benefits of not calling it quits. (Source: Entrepreneur)
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Discover six money mistakes that may kill your retirement. 💀 It’s natural to feel anxious about what the future might bring. JJ Burns helps you navigate both the financial and emotional side of things: https://lnkd.in/geKPr-up. We make it our mission to ensure you’re not just retiring from work, but retiring to an active and meaningful new phase of your life. (Source: Kiplinger)
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For some, retirement can't come early enough. Having an open schedule, free of constraints is a dream they can't wait to live. It's an exciting, but challenging, prospect. Here are 10 questions to ask yourself if you want to walk the path of early retirement: 🔸 Am I debt-free? 🔸 Will my dependent be independent? 🔸 Can I replace my paycheck? 🔸 Am I investing for the long-term? 🔸 Have I adjusted my finances for inflation? 🔸 Do I have a passion project? 🔸 Are my estate planning documents in order? 🔸 Do I have a long-term care plan? 🔸 Have I stress-tested my financial plan? 🔸 Do I have a wealth advisor? Taking the leap into early retirement may call for some seriously strategic financial planning. In addition to the questions above, our blog outlines some potential hurdles to keep in mind: https://lnkd.in/ge3p39kK
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Millennials in The 40 Club, if you haven't started saving for retirement, it's time to kickstart it now. While retirement may seem like a long way off, time is your biggest ally in helping to reach your goals. Start today, even if it's small. • SAVE NOW, even if you think you don’t need to. Use an IRA AND a high-yield savings account. Got a work bonus? Add it to your emergency fund or savings. • DIVERSIFY your investments. Spreading your money out across multiple accounts and securities is one way to help safeguard your investments. • CAPITALIZE on employer benefits. If you’re lucky enough to have an employer-matching program with your workplace 401(k), contribute enough to get the match. It’s essentially free money. • SET GOALS, regularly. Start small with retirement contributions and try to increase those contributions as your income increases and your debt decreases. Have a side hustle? Use it to boost retirement savings. • DON'T BE AFRAID to pivot. Your income and expenses likely won’t be the same all the time. Some years you may be able to save more for retirement than others. Give yourself grace if it doesn’t all go to plan. If you need help getting (and staying) in the habit of saving and investing, a trusted financial advisor can offer guidance on which opportunities to take advantage of to help secure your financial future. https://bit.ly/3NfSaB8 (Source: Bankrate)
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What started as a relaxing fishing trip off the coast of Montauk for our CEO, JJ Burns, quickly turned into a life-or-death situation when a mayday call came over the radio. See how being prepared made all the difference between stepping in to save a life and watching a tragedy unfold: https://lnkd.in/g-yqjbWM
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Running a business is complex. JJ Burns financial advisors are here to help smooth out the process. We work closely with you to create smart strategies for your business—covering everything from business succession and contingency planning to cash flow and tax concerns: https://lnkd.in/ggEeE97A (Source: Forbes)
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Happy World Financial Planning Day! Whether it's contributing more to your 401(k), boosting your emergency fund, or creating a holiday spending plan, we encourage you to commit to improving one area of your financial plan today.
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For couples living a childfree life, their financial planning has a few distinct differences. Often, financial planning revolves around "having a family", but families come in all shapes and sizes—and they don't necessarily include children. No matter what your family looks like, the expert advisors at JJ Burns are ready to help you achieve your financial dreams: https://lnkd.in/e9bVRvzJ (Source: Kiplinger)
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Are you procrastinating on your financial plan? It may feel like a daunting task, but a well thought out plan can actually help relieve you of stress—and free you up to realistically move toward your money goals. Take a look at these bite-sized financial planning activities to help boost your financial health. And when you're ready for the last step on the list, we're just a simple phone call away with highly-experienced, non-judgmental financial advisors: https://lnkd.in/gY3J5ucA
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