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Financial Archives - Your Retirement. Your Dreams. Your Life. Kort McCulley is Changing Your Future for the Better.

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.

Why Investors Are Losing To The Markets

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

The market rises and the market falls- it will never be perfectly consistent. Based on research for the Dalbar study, it was discovered that there is a significant gap between the S&P 500 and investor returns that lead to the question, “Why is this gap present?”

This gap is caused by a current behavior of investors that is actually hurting more than helping; acting irrationally based on the condition of the markets. When the market is high, investors add to their investments, and when the market is low, many bail. Could it be better to stick out the bad times?

Hopefully this leaves you with some great food for thought! Have a great weekend everyone!

 

 

Accountability

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

This week, I want to discuss the importance of accountability. As I mentioned last in my last post, when it comes to your goals for this year, you should be doing 3 things: write them down, make them measurable, and have a support system to hold you accountable for those goals. It’s one thing to express your goals for the year, but it’s another task to actually follow through on those goals.

I want to keep reminding you to make sure you have someone to hold you accountable for these goals. Whether it be a family member, a friend, or even myself, hold yourself accountable; reach those goals.  With life being unpredictable, it can be really easy to get off track and even easier to push those goals off to the side. I want you to be able to accomplish the goals you have set for yourself! Make this year even better than the last!

Click here to check out a tool I created that helps you to stay on track with accomplishing your dreams! As always, feel free to reach out to me with any questions, concerns, or comments you may have! Have a great rest of your week!

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All Boats Rise in a High Tide – Swimming Naked

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

Warren Buffett once said, “All boats rise in a high tide.” The market has been doing great this year, but like Buffett has also said, “Bad things aren’t always obvious when times are good…after all, you only find out who is swimming naked when the tide goes out.” We wanted to share these quotes and a great article, Warren Buffett’s 23 Most Brilliant Insights About Investing, in hopes that you will keep his insights and advice about investments in your mind as we approach the new year. 

From our families to yours, we wanted to wish you all a very Merry Christmas and Happy New Year!

The Importance of Annual Rebalancing

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

The end of the year is the best time to adjust and rebalance your investments so that they align correctly with where you are in life and where you want to be. Like mentioned in the previous post, people can become greedy when investments are doing well. Remember: progress is most important!

It might sound silly, but we want to make sure you know that your investments are important– you have to take care of them and protect them. Rebalancing your investments at the end of the year allows you to prepare for the coming years in the best way possible.

Reach out to our financial advisors here if you need any assistance with rebalancing finances or have any questions about your financial needs!

Investor Behaviors

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

As many of you may know, the market has certainly been in good condition recently.

Our advice: keep up with your investments and see if you are meeting your needs based on your risk tolerance. We’ve noticed that more and more people are becoming greedy with their investments and are wanting more out of them than what they really need. Take a look at your investments and your risk tolerance and remember that returns in general are great results. Don’t push your investments so far, you don’t want to get too greedy!

Have a great weekend everyone!

Imperfections

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

I hope you had a great holiday with all of your loved ones!

Let’s be realistic- life is never perfect. Though many of us would love to live in a perfect world with a perfect life, things don’t always work out that way. And that’s OKAY! Planning for the future, especially in regards to retirement and finances, can be overwhelming. There will be times where you try and try to create the perfect path to retirement or the best path to your future, but know that it’s completely okay and normal for there to be imperfections along the way! The most important thing is that you make progress- get one step closer to your goals.

This week’s video discusses imperfections, especially in regards to the important topic of money. If you did discuss the meaning of money with your loved ones this past week and you found that your response were different, that’s okay! It’s okay to have those different views. It’s okay to be imperfect!

Have a great week everyone!