By Michael Vaughn, CFP® If tackling debt while staying on top of your retirement plan feels like an uphill battle, you’re definitely not alone. With the average debt per person in America at $104,215 and 61% of those over 50 anxious about having enough for retirement, it’s a common concern. But here’s some good news: […]
By Michael Vaughn, CFP® As a dedicated professional, finding time to save for retirement can be challenging with so many other priorities vying for your attention. Balancing daily family responsibilities and managing business operations often means that retirement planning gets pushed to the bottom of your to-do list. Even when you make the effort to […]
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) […]