Frazier Allen: Help your money last with these 7 tips to generate a retirement paycheck
November 26, 2017
Clarksville, TN – With retirement within sight, now’s the time to figure out how to turn your savings and investments into a paycheck – so you can live comfortably and still achieve your goals.
For many, the challenge is easier said than done, and comes alongside fears of spending too much now and not having enough later or the worry of denying yourself if you don’t spend enough.
Here are seven ways to help you get and stay on the right track.
Frazier Allen: 12 Resolutions for 2017
January 1, 2017
Start the new year right by reviewing and revamping your financial plan.
Clarksville, TN – Instead of hauling out those familiar New Year’s resolutions about eating less and exercising more, how about focusing on something that’s also very good for you in the long run – and even sooner?
We’re talking about your financial plan – your fiscal health, if you will. The approach of 2017 is a great time to review your plan and make any necessary revisions. With that in mind, here are 12 suggested resolutions that, if followed, can help ensure that your later years will be financially secure.
Frazier Allen: Social Security Myths and Misconceptions
September 3, 2016
Clarksville, TN – There’s no doubt about it. Filing for Social Security can be daunting.
On top of all that, there’s a ton of information – and misinformation – to weed through, as well as the need for some calculations based on several variables. Your benefits depend on your age, how long you’ve worked, what you earned, your marital status and number of dependents.
Seems like you have to factor in everything but your IQ. So to help, we offer some common misconceptions as well as some guidance on ways to get the most from your hard earned retirement benefits.
Frazier Allen: Can Taxes Scramble Your Nest Egg?
August 20, 2016
Clarksville, TN – When it comes to retirement planning, we typically tally up our daily expenses – housing, transportation, utilities, food, insurance, healthcare, entertainment – and budget accordingly for enough income to cover those wants and needs.
But we may not factor in an annual expense we can’t avoid: taxes. One reason may be that our complex tax code treats various sources of retirement income differently, so it can be hard to estimate what you’ll have after taxes using back of-the-envelope calculations.
Frazier Allen: 20 Financial Things Couples Should Know
July 13, 2016
Clarksville, TN – More than 40% of couples recently unveiled that they don’t know how much their partner earns. And 1 in 10 couldn’t guess within a $25,000 margin of error.
These couples, who share their lives together, have no idea what their total household income is. Yet, the majority of those same couples claim they regularly have open conversations about their finances. There’s a disconnect somewhere.
The Couples Retirement Study by Fidelity Investments revealed that many couples could stand to dive a little deeper when it comes to their joint financial lives.
Frazier Allen: Ten Financial Tips for First Time Job Seekers
June 14, 2016
Clarksville, TN – Timing is everything when it comes to taking the right steps toward a secure financial future. For recent grads new to the workforce, it’s not always clear what those first steps should be. Most college graduates enter the real world as financial planning rookies. This can be daunting, as your 20s are an important time to lay a foundation for financial stability.
Making smart decisions at this age can have a powerful positive impact on your fiscal future. As the next generation enters the working world, here are 10 tips to get them started on a bright financial future.
Frazier Allen: Kid-Friendly Foundational Finances
May 7, 2016
Clarksville, TN – We all like to think our children or grandchildren are practically geniuses, but some things just don’t come intuitively. Wise money habits, for example.
Everyone needs to learn the value of a dollar, how to make money work toward our goals and how to protect our financial legacy, even little kids.
In fact, the sooner you start the better.
Frazier Allen gives Five Roth IRA Rules
April 13, 2016
Clarksville, TN – As an investor, there are always choices to make: pros and cons to weigh with your advisor.
Deciding on your retirement savings vehicles is no different.
There are so many options, but a Roth IRA, if you qualify, can really help with your retirement savings if you follow the rules.
Frazier Allen: Beware of Costly Surprises in Retirement
April 11, 2016
Clarksville, TN – Achieving a successful retirement requires not only planning for what you want to go right, but also for what might go wrong.
Many investors have found that retirement can bring on unwelcome surprises, some of them significant enough to derail a retirement plan.
Healthcare Costs: Expert estimates of what a couple spends during retirement for healthcare range from $400,000 to well over $1 million.
Frazier Allen: Diversify your income
December 3, 2015
Branching out allows your retirement savings to weather different seasons
Clarksville, TN – There are many factors to consider when it comes to planning for a secure and fulfilling retirement – from how you’ll fill your time to where you’ll live and how you’ll pay for it all. One solution is diversifying your retirement income.
Similar to asset allocation among your investments, this approach advocates establishing independent streams of income that could provide needed cash flow under a variety of circumstances. The big idea is to put your eggs in several baskets since none of us know what the markets will do over 20 to 30 years of retirement, much less how long we’ll need our money to last.