Monthly Archives

February 2018

Is Retirement Dead?

By | Advice, Dreams, Education, Finance, Food for thought, Investing, Life, Mindset, Money, Motivation, Planning, Retirement, Strategy, Technology | No Comments

Personally, I don’t think this is a question. To me, this is a fact: retirement is dead. Let me explain:

Nowadays, people are living longer, which means the length of retirement will be longer too. This sort of makes the retirement system flawed, don’t you think? Right now, everyone is saving for that 10-15 year of average retirement time, but with a longer life span, that means there could be 20+ years of retirement time. People are saving and saving as much as they can in order to ensure that they will simply survive after work life ceases.

Basically, the definition of retirement means to put out of use. I speak with many people about how when they reach that retirement age, they aren’t looking forward to what many picture retirement being; sitting around and doing nothing. I totally get that! I believe that it’s important for people to stay active after retirement and do the things they love. That’s why I strongly believe that you are not saving for retirement, but are saving for financial freedom. This is a point I bring up often when I tell clients about DreamNumber, my program that allows you to organize and plan your path to your dreams and to financial freedom. I strongly suggest you check it out!

I also wanted to share with you this article from CNBC that adds to my discussion on traditional retirement being dead: check it out here. Now, I understand that everyone has their own opinions, and I respect that! I’d just like you to think about how you’d like to spend your retirement and take these thoughts into consideration!

 

Have a great week everyone!

 

Tax Cut: It’s Not All Bad!

By | Advice, Dining, Dreams, Education, Finance, Food for thought, Investing, Life, Mindset, Money, Motivation, Planning, Retirement, Strategy, Technology | No Comments

When the new tax law was first revealed, many were quick to bash any negative aspects of it that they could find. To start this week off,  I wanted to give you a little more information on the tax law so you can better understand the benefits it provides and what exactly has changed.

The new tax bill is a massive document; being over 1,000 pages,  I don’t expect you to read it all, though I do want to make this clear: it’s not all bad! In fact, one of the changes is that most tax brackets went down! To see more of the new changes, check out the ROI Tax Cuts and Jobs Act and take a closer look at the following:

  • New tax brackets, pages 4-6
  • Updates on 529 plans and retirement, page 10
  • Estate Tax Exclusion, page 11

Regardless of your political views, this tax bill is for us all! If you have any questions or are in need of further assistance, please don’t hesitate to reach out to us here or give a call to the ROI Business Services at 630-855-5787.

If You Want To Go Fast… If You Want To Go Far…

By | Advice, Dreams, Education, Finance, Food for thought, Investing, Life, Mindset, Money, Motivation, Planning, Retirement, Strategy, Technology | No Comments

There’s a famous quote that says,”If you want to go fast, go alone. If you want to go far, go together.” Many people have no problem doing things on their own, but imagine how much more you could do if you had a great team surrounding you. An article from The Meaning Movement has some great points that compare going fast alone and being great with a team- check it out here!

Now, let me ask you, who is on your financial team? Who is helping you make progress toward your financial goals and freedom?

Having a financial team is crucial. Think of a financial team as a support system. With the world and economy constantly changing, it is important for you to surround yourself with a group of people who will help you to stay on the right track to reaching your financial goals.

This week, I am challenging you to think about whether or not you have a good support team in place, and if not, please consider building one. Everyone needs a support system to keep moving forward!

You NEED a Financial Plan!

By | Advice, Dreams, Education, Finance, Food for thought, Investing, Life, Mindset, Money, Motivation, Planning, Retirement, Strategy, Technology | No Comments

With this weeks topic being the importance of financial plans, I wanted to share with you this study that was done in June of 2016. The Vanguard Alpha Study discusses what is helping investors and why it is crucial to have a financial plan.

Every day, I see people making quick and irrational decisions regarding their investing and financial future. I really wanted to make it a point that there is a huge benefit to having an official financial plan. There are so many more opportunities available to those who have a financial plan in place and it would be silly to not take advantage of those opportunities.

As always, please reach out to me with any questions you may have. I am more than happy to help you build a financial plan that revolves around your values, goals, and smart decision making.