Retirement is one of those things that feels like it's a long way off, right up until it's not. Nonetheless, being proactive and having a plan can make all the difference when it comes to living out the retirement you’ve always imagined. Start gathering a pre-retirement checklist to help you create goals, determine a realistic timeline, and keep your finances front of mind.
A fiduciary is a person that acts on behalf of another person while putting that person’s needs ahead of their own. Burt Hutchinson, CPA, CFP®, Founder and Wealth Advisor, and his team are fiduciaries by nature. It’s who we are. Our own ethical standards drive us to produce the best results for each and every client.
You’ve worked hard to save and make smart investment choices. Your goal is a smooth transition into retirement with peace of mind about your financial future. But those years of preparation can still leave you questioning exactly how to pull it off. Let’s dig into the ins and outs of social security as a retirement benefit and why deferring may be in your best interest.
There’s been an uptick in early retirements as of late. The trend appears to be associated with “The Great Resignation”, but it’s a side of the story fewer are talking about. “The Great Resignation” is often linked with the ongoing trend of employees voluntarily resigning from their jobs, for multiple reasons, but mainly the freedom gained from Covid-19 protocols. However, statistics are slowly coming out about what percentage aren’t just leaving, but retiring.
Coastal towns, picturesque beaches, endless outdoor activities, the location — it’s easy to see why so many retire to Delaware. Life is good here, but it’s more than just sunsets and parks — we’re a tax-friendly state and perfectly situated to live a relaxed lifestyle with easy access to several big cities.
When giving comes from a place of generosity and appreciation, it’s easy to skip over considering the best way to make your donation. After all, giving money is a simple transaction, right? While in the end, handing over a check to your favorite organization is a simple transfer of money, there are other options to ensure you maximize the amount you’re able to give.
At Integrated Wealth Management, we’re Certified Financial Planners and Certified Public Accountants here to help you navigate the journey to and through retirement. Have you ever wondered if you fit the mold of an IWM client? While there are no strict guidelines, we find there are common mindsets amongst those who choose to trust us as a financial guide.
Since 2016, it’s been an annual tradition for Burt Hutchinson and his wife Kimi to support and participate in the annual Camp Barnes golf tournament fundraiser. Followers of our blog know the Hutchinson’s along with the IWM team take special interest in supporting causes positively impacting local youth.
The Social Security program was designed to replace a portion of the income you were making before retirement. Your benefit will look different than your partners or friends because it’s based on your highest 35 years of earnings. Your earnings aren’t the only variable, when you choose to receive your benefit will also impact the amount of your monthly check.
For decades, seniors have been the target of scams looking to drain their bank accounts or swindle personal information. These thieves continue to improve their deceitful ways, leading even right-minded, cautious adults to be unsure of whether they’re dealing with a legitimate individual or an imposter.
We’re not just financial advisors, we’re real people in your community looking out for the future of each person that walks through our doors. While we have evidence-based investment philosophies and valuable experience that drive our recommendations, the guidance we provide varies from client to client as each has their own needs and goals.
Looking back, would you have benefited from a true understanding of a few key money concepts a little earlier in life? Most of us were taught to save and to give through doing chores or dropping money in the offering plate. While these principles are great, they don’t often lead to wealth or the ability to leave a legacy as most of us strive to do.
Are you thinking about retirement but worried about your monthly mortgage payment? You’re far from alone. Studies show “44% of 60 to 70-year-old homeowners bring their mortgage into retirement”. Some financial experts are quick to tout that we must be debt-free before hanging up our careers, when in reality, there’s no one size fits all solution when it comes to a successful retirement.
When you think of the nest egg you’re building for retirement, what comes to mind first? It’s likely your funds in the stock market, an IRA, or 401(k). What about CDs and savings bonds? These often forgotten savings mechanisms may not come with the growth potential other investment opportunities offer, but we believe there is a place for them in your retirement portfolio.
