It probably comes as no surprise but different generations have different perspectives about retirement planning. What about you? How does your age impact your plan decisions? HOW ARE THE AGE GENERATIONS DEFINED? Millennials (Gen Y): Born 1980 to 1994 Gen X (Baby Bust): Born 1965 to 1979 Baby Boomers: Born 1946 to 1964 Matures…
On Sunday, August 27th, Paul Fain, CFP®, president of Asset Planning Corporation, visited WBIR-TV in the 7 a.m. broadcast to discuss the best cities for retirement. It may seem that all retirees go to Florida, but not necessarily. Financial website WalletHub recently published its list of the 25 best U.S. cities for retirement. (Interview transcript):…
Almost every single client we meet with over the age of 65 asks “what about the required minimum distributions from my IRA?” and with good reason! Even if the specifics are not understood, what most do know is that this is very important to get right. The first element to understand is when a distribution…
America Saves Week is a national effort to set a savings goal, make a savings plan, and save automatically. It all starts when you make a commitment to yourself to save. Are you saving for the right things? Just like your car needs a tune-up, and just like you need your annual physical, your checkbook needs…
If you are thinking about saving for retirement, you probably know that an Individual Retirement Account (IRA) is one of your options. But what exactly is an IRA, and is it right for you? Certified Financial Planner Paul Fain recently answered retirement account questions on WBIR’s Sunday Money. PAUL, LET’S REVIEW – WHAT ARE…
An interesting financial planning idea that is making the rounds these days is also one of the simplest: a letter to yourself. More specifically, a letter from your future self to you, today. Come again? Imagine yourself in five years, assuming everything has gone more or less as you hope it will. You’re healthy, in…