Get real about what money is coming in and what money is going out. A lot of people know how much money they’re bringing home but aren’t as clear about what they’re spending. Joseph Edmondson, CFP, and a financial professional at Equitable Advisors, says he asks new clients about their net salaries first. “Then… Read more »
CMG’s Tom Mingone featured on Money.com Retirement income calculators can be a helpful starting point to gauge whether you’re on track to retire one day. But don’t stop there. “You can’t just run projections, draw conclusions, and wake up at 85 hoping you have a few bucks left,” Click here to read the full article…. Read more »
CMG’s Tom Mingone was recently featured in a Yahoo! Finance article, giving advice on how couples in their 40’s can save for retirement. As ground rules, resolve to continue your 401(k) contributions and not to raid your retirement savings to pay tuition bills. Then decide with your spouse how much you will contribute to… Read more »
From Money.com May 23rd, 2016 By Elizabeth O’Brien What do retirees in Hawaii, Alaska, and South Carolina have in common? Turns out seniors in those three states share something significant: retirement incomes that equal at least 70% of the income they earned in their working years, according to astudy released today by Bankrate.com. Incomes for… Read more »
From AARP October/November 2015 By Joe Kita If you and your partner have been squabbling more and more about finances, you’re not alone. According to a 2012 Harris Interactive poll of 1,005 adults, the average number of money fights that couples have increases with age. Just 15 percent of 18- to 34-year-old couples said finances trigger… Read more »
From Money.com, September 24, 2015 By Donna Rosato Q: I am 68 and my wife is 65. We’re both retired but my pension doesn’t cover our monthly expenses. I haven’t taken Social Security yet. But I have some health issues. I have substantial savings, growing at 2% to 3% a year. Does it make more sense to… Read more »
From The Street.com, August 27th, 2015 By Scott Gamm NEW YORK (MainStreet) — The whiplash seen in stocks over the last week means your retirement savings strategy needs a little extra care.If you’re still searching for a strategy or the markets meltdown makes you a wary of your current plan, here are three ways to… Read more »
From The Street.com, August 7th, 2015 By Scott Gamm NEW YORK (MainStreet) — If you suffer from retirement savings-itis, listen up. Chances are, your retirement savings plan of attack, if you even have one, needs a tune up. One of the biggest mistakes is not saving for retirement early enough. You’ve probably heard this before, but the numbers don’t… Read more »
From Money.com, April 28, 2015 By Donna Rosato Q: Can I convert the required minimum distribution from my regular IRA into a new Roth IRA account after paying the income taxes if I am not working? I want to have access to the money in case an emergency comes up. — Richard D’Arezzo, Acworth,… Read more »
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