By Michael Vaughn, CFP® Retirement might seem like a distant dream, something we plan and save for but often overlook the different phases that come with it. Just as you progressed from a newbie in your career to an accomplished professional, your retirement journey spans various stages, each with its own challenges and joys. Think […]
By Michael Vaughn, CFP® After years of envisioning your retirement throughout your career, the idea of having more leisure time, exploring the globe, bonding with loved ones, or pursuing new passions is undoubtedly enticing. But what exactly does a fulfilling retirement mean to you? In this article, we offer our top secrets and suggestions to […]
By Michael Vaughn, CFP® Wondering how much you’ll need for a comfortable retirement? While experts often suggest aiming for 55-80% of your pre-retirement income annually, it’s not a one-size-fits-all solution. Your definition of a “comfortable” retirement will be different from others’, and shaped by your lifestyle preferences and goals. Whether you envision staying close to […]
By Michael Vaughn, CFP® If you’ve been actively planning for retirement, you’ve likely heard that maximizing your 401(k) contributions is touted as the ultimate goal. It’s a tax-efficient strategy to save for the future, and setting up automatic contributions effortlessly integrates this money into your financial portfolio. However, going all-in on maxing out your 401(k) […]
By Michael Vaughn, CFP® When most people hear “tax planning,” they think of a boring, tedious activity that is usually done by your tax advisor or financial professional. But if you like saving money (and who doesn’t?), one of the best ways is by minimizing your tax liability. There are many ways to save on […]
By Michael Vaughn, CFP® As the year draws to a close, small business owners need to make a year-end checklist—and check it twice! From navigating IRS elections to maximizing deductions and staying on top of evolving filing methods, this easy guide provides five essential elements that demand your attention as you prepare to close the […]