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Planning for the Future Together: Retirement Savings Tips for Couples

Ten Tips for Navigating Retirement Planning as a Team

Retirement is a big deal, isn’t it? It’s a time we all look forward to, but getting there, especially with your partner by your side, requires some thoughtful planning and a good bit of teamwork. When you’re managing money together, you’re bound to run into both opportunities and challenges unique to being a duo. It’s really about keeping an eye on what you both want out of your finances and lifestyle as you navigate this planning journey side by side. Whether you’re just starting to talk about retirement or you’re further down the road, here are ten retirement savings tips for couples to consider. 

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Exploring Trusts for Wealth Preservation after Retirement

Understanding Trusts as a Potentially Strategic Component of Retirement Planning

Retirement planning is more than just a task; it’s a strategic approach that may help to achieve a stable future. It’s not merely about accumulating savings but about making informed decisions that position you well for the years beyond active employment. In the financial planning landscape, the concept of trusts has emerged as a potent tool for estate planning and wealth preservation. This article sheds light on how integrating trusts into your financial strategy could enhance your retirement planning, offering the potential for a blend of security and foresight for your golden years.

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Starting Your Year Clear: Consider a New Approach to Achieving Your Retirement Goals

Does Your Current Approach to Financial Planning Match Your Aspirations?

While it’s always smart to be thinking ahead about your retirement goals, the beginning of a new year offers an opportune time. This is because many of us are feeling motivated about the fresh start and potential opportunity a new year brings. So, as you consider your retirement goals and plans, ask yourself whether your current approach aligns with your aspirations. In this article, we’ll share helpful perspectives and strategic considerations that can help you gain clarity and purpose for your retirement strategy so that you can achieve more toward your goals this year.

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Wealth-Building Habits to Start the New Year Strong

Help Secure Your Financial Future and Find Peace of Mind

Building wealth is a goal for many – and one that you may be considering as the New Year dawns. In the vast majority of cases, it doesn’t happen overnight. You might think that you need an above-average income or a significant inheritance to build wealth, but in reality, the process starts with small but meaningful wealth-building habits. It takes discipline and patience to build your wealth, but the sooner you start, the sooner you can reap the benefits. With the wealth-building habits discussed below, you can find yourself on the way to greater possible financial freedom.

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Life Transition Planning: Do You Need a Financial Advisor in the New Year?

Navigating Your Wealth Through Times of Change

If there’s one thing that serves as a constant throughout our lives, it’s change. Leaving home, beginning a career, getting married, building a family, navigating career transitions, divorce, and loss of loved ones are just a few examples of events that mark periods of great adjustment. These life transitions impact us emotionally, but also financially, and it’s smart to have a trusted financial advisor by your side to help you navigate the practical financial aspects of these different phases of life. If you think the New Year will bring a time of change and evolution in your life, it might be the perfect time to begin working with a professional you trust. In this article, we’ll discuss life transition planning for five specific, common scenarios and share how a financial advisor can offer guidance.

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Four Financial Strategies for Empty Nesters

Plan for the Next Chapter with Practical Money Moves

You’ve successfully launched your adult kids out into the world – congratulations! This can be a time of mixed emotions – pride and excitement on one hand, and feelings of sadness on the other – but it’s also important to consider your financial plan for this new phase. What should your priorities be? What are your financial goals for this phase of life and how will you reach them? In the article below, we share practical empty-nester financial strategies that can help you navigate this transition and continue moving forward to clarify and accomplish your financial aspirations.

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Recognizing Solomon Dodson – Fall 2023 Alumni Panel

Recognizing Solomon Dodson for his recent participation in a Fall 2023 Alumni Panel discussion. 🌟 During this insightful session, Solomon shared his impressive industry journey since graduating from KSU SMIF.
His insights and valuable knowledge continue to be a significant asset to our organization, and we commend his unwavering commitment to sharing essential industry information.

Year-End Charitable Giving: 5 Strategies to Know

Support Your Favorite Charities While Potentially Reaping Tax Benefits

Taxes are an unfortunate fact of life. However, if you develop a strategy to reduce your total taxable income, you may see a marked decrease in the amount you owe each year – which can be a welcome outcome as we approach the holiday season and begin spending more on gifts, travel, and entertaining. If you’re hoping to reduce your taxable income this year, you might be happy to hear that you can enjoy possible tax benefits while also making a positive difference in other people’s lives. To do so, you need to select the right year-end charitable giving strategy. Read on for five such strategies that may fit your needs, both from a philanthropic standpoint and as smart tax planning.

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Small Business Tips: Exit Planning vs. Succession Planning

How Does a Small Business Owner Prepare for Life Beyond Work?

Succession planning and exit planning are two terms that many people use interchangeably. This is understandable, since both phrases are associated with business owners planning for retirement. However, the two concepts have slight differences, and the crux of those differences is what those planning strategies target. Succession planning centers on the continued financial health of a business after its owner or chief officer retires or dies. Alternatively, exit planning focuses on the wealth of a business owner who’s retiring and wants to transfer ownership or close a business down.

With all the complexities, finances, and emotions connected with retiring from a small business, it’s important for small business owners to understand how succession and exit planning differ. While some elements of the two concepts may be similar, the endgames are not. In this article, we take a closer look.

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Investor Tips: 9 Strategies that May Strengthen Your Investment Portfolio

These Methods May Help You Find Greater Investing Success

From a distance, the stock market can appear a bit unruly, intimidating beginner and veteran investors alike at times. However, that doesn’t mean it’s impossible to navigate more successfully. When you make thoughtful investment decisions and rely on sound investor tips, you may find long-term success. In this article, we’ll discuss nine tactics you may consider taking advantage of right now. These strategies were developed with a long-term view in mind. They have been helpful to many past investors, and we believe they may be relevant for the current investing landscape, too.

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