Retirement Planning

Don’t Leave Your Retirement Investments Up to Luck

According to a 2016 Employee Benefits Research Institute survey, 42 percent of working Americans have less than $10,000 saved for retirement. What’s even more staggering is data from the U.S. Census Bureau, which reports that two thirds of Americans don’t contribute anything to a 401(k) or other retirement account available through their employer. While saving and[...] Continue reading

Let’s Talk Money: Conversations Between Millennial Children & Boomer Parents

Written by: William Engel, CFP®| Financial Advisor The holidays mean family traditions, making memories and spending time with loved ones. But the holidays can also provide an opportunity for families to discuss future financial plans for parents in or approaching retirement. A recent study by Fidelity reveals a gap in alignment of parent/child financial expectations.[...] Continue reading

Time on Your Side: Millennials + Compound Interest = Retirement Success

“Compound interest is the most powerful force in the universe.” This quote is supposedly attributed to Albert Einstein, who is also cited comparing the concept to the “eighth wonder of the world.” Whether Einstein actually said this or not, we wholeheartedly agree with the notion that people need to understand and take advantage of compound interest. With this[...] Continue reading

Retirement Preparation Checklist

This year, October 18-24 marks National Save for Retirement Week, a national effort to raise public awareness about the importance of saving for retirement. The week presents an opportunity for individuals to reflect on their personal retirement goals and to make the appropriate adjustments needed to touch-up their growing nest egg. Upon certain yearly milestones, there[...] Continue reading

How They Stack Up: Financial Strengths & Weaknesses of Each Generation

Written by: Bill Engel, CFP® | Senior Vice President For a variety of reasons, millennials, generation x, and baby boomers have different weaknesses and strengths when it comes to how well they manage their finances. While one generation may consist of better savers, they may lack the fundamental knowledge of financial markets, and vice versa. Let’s take a look at[...] Continue reading