How Dividend-Growth Stocks Drive Passive Income Growth
Investing in dividend-growth stocks like Hershey can yield increasing passive income, but diversification is crucial, and it’s important to remember that dividend payments are not guaranteed
Leveraging The Age 55 Rule For Penalty-Free 401k Access
401k’s and IRA’s have different rules for penalty-free withdrawals: while age 59 ½ is commonly known, the age 55 rule allows penalty-free 401k withdrawals upon separation from employment, emphasizing the importance of understanding retirement account nuances for early planning.
Fine-Tuning Your Financial Plan
Fine-tuning your financial plan, like tuning a guitar, is crucial for long-term success, adapting to changing tax laws, contributions, and evolving goals with flexibility.
Stocks vs. Bonds – Which is the Better Bet?
Choosing between placing lottery winnings in an S&P 500 Index Fund or a 10-year treasury bond poses a dilemma: guaranteed returns versus potential dividends from a diversified portfolio.
Does Your Portfolio Align With Your Dreams?
Achieving financial independence in 10 years requires balancing conservative and aggressive approaches, calculating the required rate of return, and considering risk tolerance, highlighting the dynamic nature of financial planning.
Steps To Upgrade Your Financial Plan
Clients start with a strong financial plan rated “A,” but my goal is to elevate it to “A+,” adjusting for changing variables like tax laws and personal circumstances, recognizing plans become outdated upon creation.
Leveraging Life Insurance For Family Financial Support
We examine a strategy where the child owns a life insurance policy on their parents, paying annual premiums of $15k for 20 years and receiving a tax-free death benefit of $700k after their passing, achieving an 8.18% internal rate of return.
How Much Should I Be Saving?
After establishing the target “nest egg” of $3.8 million, the next step is to calculate the annual savings needed, such as $77,000 per year over 20 years, accounting for tax implications, especially with various account types.
How Much Money Do I Need?
After calculating the annual portfolio need for “financial independence” at $151,713 and dividing by a 4% distribution rate, the required portfolio amount is $3,792,833, marking a significant step towards financial freedom.
How Much Do I Need To Save?
A look at what is needed in saving for you financial portfolio.
How Much Should I Be Saving?
It’s essential to tackle the monumental variables of future tax rates, inflation projections, and portfolio return expectations.
How To Budget/Save On A Variable Income
Despite increased income, navigating variable earnings can feel uncertain; however, strategic planning, like averaging monthly earnings and building an emergency fund, can provide stability.
