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The Retirement COLLAB Blog

Saving for Retirement - Your Step-By-Step Guide to Getting You There

This post was last updated on January 15, 2021, to reflect all updated information and best serve your needs.

When entering the job market out of college, the concept of retirement seems like a lifetime away. Most people can't even fathom thinking about retirement which leaves neglected and unleveraged retirement accounts.

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Retirement Income - Your Step-By-Step Guide to Not Running Out of Money

This post was last updated on January 15, 2021, to reflect all updated information and best serve your needs.

Congratulations! You’ve worked for decades to prepare for retirement and now you’re there, or almost there, ready to start what can be the most enjoyable phase of your life. Very likely, you’ve got plans to travel, see family and friends and maybe even revisit hobbies you’ve neglected for decades.

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Why You Should Think Twice Before opening a 529 Through A Financial Advisor

Do you have a 529 plan? Do you work with a financial advisor? Do you have a 529 plan that’s managed directly through your financial advisor?

If you answered yes to the first question, then that’s perfectly fine. If you answered yes to the second question, that’s great as well. However, if you answered yes to the third question, well, that’s where I tend to differ from a lot of financial advisors… and yes, that’s coming from a financial advisor.

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Top 5 Financial Tips for Property Investors

Did you know that real estate has produced more wealth than any other industry in the history of time? Retail real estate alone has produced an average annual return of 10.8% over the past two decades, according to data from the National Council of Real Estate Investment Fiduciaries Index.

However, as with any other business, property investing isn’t without its pitfalls. If not wisely planned, the cost of the property investment can quickly override the profits.

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How To Do A Background Check On Your Financial Advisor

In today’s day and age of the internet, you can find just about anything in no time. Looking for a restaurant nearby? Go to the internet. Need a place to get a haircut? Go to the internet. Looking for background information on a financial advisor? Yep, go to the internet.

It amazes me how we found things before we had the internet. I guess we just asked for referrals from our friends, looked things up in the phone book or drove around until we found out what we were looking for…the indignity.

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The Best Options For Your Old 401k(s) – A Step-by-Step Guide

So, how many different companies have been at in your working career? If you’re like most people today, you’ve probably switched jobs at least a couple times. It seems like some people can switch every six months while others can stay for years.

Regardless, it’s extremely rare to see someone who stays with the same employer for life. Things have certainly changed from the baby boomer generation.

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Why Maxing Out Your 401k Could Mean Missing Out On Thousands

This post was last updated on January 15, 2021, to reflect all updated information and best serve your needs. 

For many of us, our 401(k) or similar employer-sponsored retirement plan is our primary vehicle for retirement savings. A 401(k) is a defined contribution plan meaning that our retirement benefit is determined primarily by the amount that we save and how we invest those savings. However, there is a maximum 401k contribution limit that we will cover.

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The Dirty Little Secrets to 401k Loans

Now that the holidays are over, it’s back to reality. For many – hopefully, not you – it means paying off all the debts you racked up from your extremely generous giving. Let’s just hope you had already budgeted for it and you were merely using your credit card to get the free rewards.

Regardless of whether you have debt or not, sometimes, unknowns pop up in our lives where we need to get access to money. If you don’t have it sitting in a savings account – which I’m sure you do if you’re an avid reader of this blog – you have to find it somewhere.

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Why We Look at Finding the Right College from the Wrong Perspective

Let’s face it; saving for your children’s college is quite the challenge. However, just as challenging is actually finding the right spot to send them off to college. There are so many choices with only so much money you can realistically spend without you and your child completely being indebted for the rest of your lives.

Sounds like a real pleasant experience, doesn’t it? Well, for most parents, it can really be a gigantic pain to find the right college for their children. Today, though, I’m going to explain how to make it a much more comfortable experience where everyone will understand and be happy.

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Why Your Credit Report Controls Your Financial Life

With the Equifax date breach being announced just over a month ago, credit reports and credit scores were actually an important topic of conversation for a change. However, a month in this day and age can seem like years ago.

Now that it is almost considered old news, we’re back to our normal everyday lives and, believe it or not, that’s not thinking about our credit reports or even our credit scores. That has become old news and we’ve now moved on to the next headline.

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