Archive for June, 2010

Do you have a retirement plan?

June 23rd, 2010

Have you really given serious thought to retirement?  Come on, who thinks about the future right?  Wrong!  Retirement is a serious subject that deserves your undivided attention. I mean seriously, if you view retirement that way, I guess you don’t have a life insurance policy either.  Death is inevitable and should you live a long and prosperous life retirement is as well.  Let’s plan for both so you can relax knowing your future is taken care of.

I recommend you contact a Fort Worth investment advisor immediately.  This will get the ball rolling towards establishing a retirement plan that works best for you.  Your investment goals will assist your advisor in picking the right product to suit your needs.  In the end the choice is yours, but keep in mind you investment advisor has years of experience at connecting people with strategies toward financial freedom.  Review the product list below:

Traditional IRA


Rollover IRA

Simple IRA




Solo 401K

Profit Sharing Plans

Defined BEnefit Plans


The goal is to make sure the money you’re setting aside towards retirement is producing the level of return you desire.  If you’re not seeing the value, you may need to switch to a Fort Worth wealth management group that can optimize your investments and present you with the best strategy to reach your goals.  If retirement is something you’ve had on the back burner like your child’s education or estate planning, get busy now.  Proper retirement planning today will provide you and your family a much brighter tomorrow.

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June 14th, 2010

These are the first steps to start building your retirement plan.

 Are you like countless others, wondering where to start retirement planning? No need to worry or procrastinate any longer. The most important thing is to do is to simply begin. Here are five top ways to help you get started.

 Retirement Plan Step #1 – Start Saving

The only way to create wealth is to save. Only by saving will you have money in the bank or otherwise invested. By the time retirement rolls around, the dollars you save today may have grown many times over. The key is to begin and to begin soon. Thanks to the miracle of compounding interest, it is the money you save today that has the opportunity to grow by the most. Each year you wait can be costly, so make sure to save enough.

 Retirement Plan Step #2 – Use Your 401(k) Plan

Although not every employee will have a 401(k) plan available to them at work, those who do will be hard-pressed to find another retirement planning opportunity as lucrative as that one. Thanks to the benefits of tax-deferral and automatic savings, you’re likely to find your account balance growing faster than you previously thought possible. Plus, due to the penalty for early withdrawals, you’re unlikely to take your money spontaneously (That’s a good thing because you want it to be there for your retirement).  A 403(b) or a 457 plan may be available to some employees instead of a 401(k) plan and, if so, typically work very similarly. Other employees won’t have access to any of these plans. That’s why there are IRAs.

 Retirement Plan Step #3 – An Employer Matching Program Means Free   Money!

If your employer offers a matching program as part of your 401(k) plan, you’ll have the opportunity to receive additional funding for your retirement at no cost to you. But to receive the funding, you need to participate to a certain level in your 401(k) plan. However, this is a no-brainer! After all, you’d never knowingly say “No” to free money, right? 

Retirement Plan Step #4 – Don’t Forget The IRA’s

A traditional IRA contribution allows your money to grow tax-deferred. Depending on your income, tax filing status, and ability for you (and/or your spouse) to contribute to a workplace retirement account, your IRA contribution may even be tax deductible, further saving you money on this year’s taxes.

Retirement Plan Step #5 – A Roth IRA Could Be Even Better

Imagine access to a retirement fund without having to pay income taxes. It could happen – through the Roth IRA. Although you won’t receive a tax deduction for any contributions you make, your money grows tax-free, making it a truly fantastic place to begin saving for retirement.

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June 4th, 2010

Like every investor, you want to choose investments that will provide the growth and income you need to meet your financial goals. To do so, it is important to understand your investment choices and how different types of investments put your money to work.

It is equally important to understand yourself as an investor.  A portfolio that is right for someone else may not be best for you. The factors that make a difference are:

  • your age
  • your goals, or what you want to accomplish by investing
  • the timeframes for your various goals
  • your attitude toward risk, i.e. your risk tolerance

Once you have devised a strategy for choosing investments appropriate to each of your goals, you have taken a major step toward meeting them.

General Rules of Investing

As a general rule, the younger you are and the more time you have to reach a financial goal, the more investment risk you can afford to take.

On the other hand, when you are in your late 50s or 60s, you probably will want to exercise more caution about taking on investment risk, since your portfolio may not have a chance to recover from a market downturn before you need to start drawing on your retirement assets. When you retire, your goal is not only providing continued growth while taking limited investment risk but also ensuring that you have a stream of income that can cover a portion of your living expenses.

But these are just guidelines. No single approach to choosing investments will work for everyone or will be right for every situation. You will want to tailor your strategy to your own unique needs and circumstances.

What does make sense for all investors is concentrating on investments that, however different they are from each other, share these important characteristics:

  • The investments are easy to evaluate because there’s lots of information about them. Regulators require disclosure of certain information to investors through documents such as mutual fund prospectuses, corporate filings for stock issued by public companies that trade on the major stock markets, and prospectuses or offering statements for bonds.
  • The investments are easy to buy and sell, either through a brokerage account or in some cases directly from the issuer. Thinly-traded stocks or securities that are not listed on a major exchange are rarely a good idea for most investors.
  • Sales charges for buying and selling the investments are clearly explained, as are any fees for selling within a certain timeframe.
  • The investments are registered with the SEC or your state’s securities regulator, and the salespeople who sell them are licensed by FINRA.
  • You understand the risks of the investment and how it works.
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June 2nd, 2010

Our Fort Worth Retirement Planning and Money Management Department have compiled a list of forms that we feel would help you manage various aspects of your financial record keeping needs. Feel free to download these forms or share them with your friends.

Financial Planning Forms


June 1st, 2010

“I need money!”  Well, not me specifically… I’m talking about when my clients call me and let me know that they would like to withdraw some of their funds.  You didn’t work all those years and diligently put money away to die rich, did you?  You did it so that you can live comfortably and have money there when you need it.  Right?

Well, this is one area that might seem simple, but I’ve actually seen lots of mistakes.  How you take your money out can have a big affect on your finances.  There is actually an intelligent order in which you should tap into your accounts.  If you do it right, you can both extend how long your money lasts and increase the amount you can pull out safely.  All without changing your investments at all.

Read More at Fort Worth Retirement Planning Site

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