The FIRE Movement: Financial Independence, Retire Early
Retiring decades early may seem attractive but it is loaded with risks. Beware of the pitfalls and risks before you commit.
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Bad Retirement Advice You Should Ignore
Don’t automatically take retirement advise from family and friends. There are too many myths and misconceptions. Instead, rely on professional financial advisors and experienced attorneys as you navigate the transition.
read more »Exercise, the Secret to Better Retirement Health
The benefits of exercise for senior health are profound. Yet too many retirees quit exercising, according to a new study. The findings underscore the need for accommodations and better programming specifically for seniors at health centers.
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Assess Life Insurance Needs
If your family relies on your income, it’s critical to consider having enough life insurance to provide for them after you pass away. But too often, life insurance is an overlooked aspect of personal finances. In fact, according to a 2023 study conducted by Life Happens and LIMRA, which closely follows life insurance trends, nearly […]
read more »Tax-Loss Harvesting
As we approach the end of the year, please be aware of something called “tax-loss harvesting.” An investment loss (in a non IRA account) can be used for 2 different things: 1. The loss can be used to offset investment gains. 2. The losses can offset up to $3,000 of income on a joint tax […]
read more »Florida Prepaid College Plan
What Is The Best Way To Save For College? – Part I of 2 Have you ever wondered about the best way to save for college for your child or grandchild? If so, keep reading. The most important advice I can provide is that no matter what you do, start saving as early as possible […]
read more »How much can you spend in retirement to reduce the odds of running out of money?
The 4% rule is a common rule of thumb. As an example, assume you retired with an investment portfolio totaling $750,000. With this rule, you would be able to spend $2,500 per month without running out of money. This is the amount you could spend during the first year of retirement. In subsequent years, you […]
read more »Required Minimum Distributions (RMD’s)
The required minimum distribution (RMD) rules can be tricky. We receive many questions as to how much to take and when to take the distribution. The first required minimum distribution must be taken by April 1st of the year AFTER you tune age 73. Technically, the distribution is due December 31st of the year in […]
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Local Advisor Marc Silverman Named President of Global Philanthropic Organization
Miami (Sept. 1, 2017) — The Million Dollar Round Table (MDRT) Foundation appoints local financial advisor, Marc Silverman, CFP, ChFC, to President.
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