By Michael Torney, CFP, J.D., LL.M. It’s an unusual time for people approaching retirement. While everyone wants to know if they are financially ready to retire, rising inflation and a slumping stock market may be fueling…
Each year, the IRS designates contribution limits to qualified retirement plans. Maximizing your annual contributions is one of the best ways to efficiently save for retirement. But not every employer offers a retirement plan, and…
Hello everyone and welcome to this month’s Ask the CFP segment. This month’s question is, “How much money do I need to retire?” This brief question could easily turn into a long answer, but let’s…
Hello everyone and welcome to this month’s Ask the CFP segment. This month’s question is, “When will Social Security run out?” According to the Social Security Board of Trustees, as of April of 2020, the…