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Budgeting
(McNeely Content/Blog)
... net worth growing or declining? Your net worth shouldn't be a mystery. To determine what it is, you simply add up the current value of your assets (the things you currently own), and then subtract the ...
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Establishing a Financial Safety Net
(McNeely Content/Blog)
... expenses * Reduce your discretionary spending (e.g., eating out, movies, lottery tickets) * Use current or liquid assets (those that are cash or are convertible to cash within a year, such as a ...
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Trust Basics
(McNeely Content/Blog)
Whether you're seeking to manage your own assets, control how your assets are distributed after your death, or plan for incapacity, trusts can help you accomplish your estate planning goals. Their power ...
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Are you planning to retire? Or will you be surprised?
(McNeely Content/general)
... My typical new client is a Boomer with most of their accumulated assets in their former employer’s 401(k) and their home equity. They knows that their investments are the key to their retirement, but ...
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Health Insurance in Retirement
(McNeely Content/Blog)
... care if you ever need it. You'll need to pay for that out of pocket or rely on benefits from long-term care insurance (LTCI) or, if your assets and/or income are low enough to allow you to qualify, Medicaid. ...
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Funding a Business
(McNeely Content/Blog)
... the loan through other means, such as putting up your home as collateral. A bank loan may be more feasible, though, if you are purchasing an ongoing business outright. In that case, the assets or the business ...
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Shopping for an Annuity
(McNeely Content/Blog)
... (as opposed to a fixed annuity), you can be less concerned about the financial stability of the issuing company, because assets held in the subaccounts of a variable annuity are not subject to the claims ...
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Understanding Long-Term Care Insurance
(McNeely Content/Blog)
... LTCI policy if some or all of the following apply: You are between the ages of 40 and 84 You have significant assets that you would like to protect You can afford to pay the premiums now and in the future ...
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The Roth 401(k)
(McNeely Content/Blog)
... the 401(k) plan. * Your assets are generally fully protected from creditors in the event of your, or your employer’s, bankruptcy (some exceptions apply). Employers aren't required to make Roth contributions ...
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Wills: The Cornerstone of Your Estate Plan
(McNeely Content/Blog)
... the children, and a property guardian, who manages the children's assets. This can be the same person or different people. The probate court has final approval, but courts will usually approve your choice ...
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Working with a Financial Advisor
(McNeely Content/Blog)
... assets, and liabilities, evaluating your insurance coverage and your investment portfolio, assessing your tax obligations, and examining your estate plan * Develop a plan to help meet your financial ...
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Asset Allocation
(McNeely Content/Blog)
... categories, such as equities, cash or cash alternative investments, bonds, real estate, foreign securities, and possibly even precious metals and collectibles. How you allocate your assets depends on several ...
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401(k) Plans
(McNeely Content/Blog)
... applies. * Depending on your income, you may be eligible for an income tax credit of up to $1,000 for amounts contributed to the 401(k) plan. * Your assets are generally fully protected in the ...
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ABCs of Auto Insurance
(McNeely Content/Blog)
... may not be enough to adequately protect you. For instance, if you own a home or have any other valuable assets, you'll want to protect those assets by choosing higher limits. Frequently recommended limits ...
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Are Your Beneficiary Designations Up-to-Date?
(McNeely Content/Blog)
Your will is not the only thing that will transfer your assets to your heirs upon your death. Certain types of assets are transferred directly to heirs through a beneficiary designation. A beneficiary ...
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Be Sure To Stock Up In Your IRA
(McNeely Content/Blog)
... to fund a satisfactory lifestyle during retirement years. To protect against inflation, the ability to grow assets and retain the purchasing power of money is essential. Based on historical performance, ...
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How safe is your retirement plan?
(McNeely Content/Blog)
... or your Roth IRA. Someone else may be counting on those assets, too. Creditors, perhaps? It would be nice to know if creditors could get to your retirement savings. Up to now, your qualified plan accounts ...
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What Will You Do With Your Retirement Plan Money?
(McNeely Content/landingpage)
... assets in an IRA or another vehicle that will allow the long-term tax-deferred growth of your savings. If you guessed #3, you’re right. The choice is obvious, and the procedure – usually called a 401(k) ...
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Free IRA Rollover Booklet
(McNeely Content/landingpage)
... it in the IRA; day 1 is the day after you get the check. (Sometimes a wire transfer of assets occurs instead, between one investment custodian and another.) If you don’t complete the direct rollover in ...
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IRAs and 401(k) Plans: Four Strategies in a Declining Market
(McNeely Content/Blog)
... to retire in a certain year, determine if that's still realistic, and calculate how much longer your assets might last if you work a few years longer. Can you reach your goals by using a smaller withdrawal ...
