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® Life can take unexpected turns, and it’s vital to be prepared for any eventuality. While many of us don’t like to speak about “what-ifs,” it’s important to consider what would happen if you had to handle everything after the loss of a partner. Would you be prepared if widowhood happened tomorrow? […]
Stepping into the shoes of a business owner brings a level of demand and complexity beyond that of a regular job. Balancing personal finances alongside the web of your business’s financial strategy can be challenging. One of the biggest hurdles for business owners is figuring out how to turn their successful businesses into long-term personal […]