retirement

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Back to the Basics of Savings and Investing

By | 2017-07-19T19:31:10+00:00 July 19th, 2017|Categories: Personal Planning|Tags: , , , , , , |

This blog post is going to be about portfolios and asset allocation!  I bet you just thought to yourselves “Wow, what an exciting topic!”  If I have kept your interested thus far, I hope you will keep reading because like our process The Prosperity Experience™, we strive to make investing and investment education fun and interactive.  [...]

Your Ever Changing Future Is No Place For A “Rule Of Thumb”

By | 2017-06-23T16:03:12+00:00 June 23rd, 2017|Categories: Personal Planning|Tags: , , , , , , |

Do you go to a doctor when you get sick?  Of course!  Do you take your car to the mechanic?  You bet!  This makes it interesting why so many people choose to act as their own financial advisor.  Having 6 different mutual funds might cause someone to brag about how they are diversifying, or perhaps a [...]

Why Planning is Important

By | 2017-05-09T22:14:05+00:00 October 17th, 2016|Categories: Personal Planning, Uncategorized|Tags: , , , , , |

If you have spent any significant time with the Mackey Advisors team, you have probably realized that we sometimes sound like a broken record when it comes to the concept of “planning”.  That is because almost every new client we work with, we continue to reinforce this huge importance. Often that importance is not just placed [...]

10 Years and Counting: Points to Consider as You Approach Retirement

By | 2017-05-09T22:13:52+00:00 July 7th, 2016|Categories: Personal Planning, Uncategorized|Tags: , , , , , , |

If you're a decade or so away from retirement, you've probably spent at least some time thinking about this major life change. How will you manage the transition? Will you travel, take up a new sport or hobby, or spend more time with friends and family? Should you consider relocating? Will you continue to work in [...]

Planning Your Financial Future

By | 2017-05-09T22:13:51+00:00 June 15th, 2016|Categories: Personal Planning, Uncategorized|Tags: , , , , |

Let’s take a few minutes to discuss personal financial planning – or as we call it Prosperity Planning™.  When we take a step back for a minute it is quite astonishing to think of everything we plan for.  We make plans for dinner, lists for the grocery, and schedules for kitchen duty at the office.  Kids [...]

Student Loan Debt Limiting Careers, Marriage, Home Buying and Retirement, Survey Reveals

By | 2017-04-18T20:53:56+00:00 June 10th, 2016|Categories: Press Room|Tags: , , , , , , , |

reposted from GoodCall.com by: Terri Williams June 8, 2016   Many students pursue a college degree to obtain the necessary skills, education, and training needed to enjoy many of life’s pleasures, such as pursuing a dream job, getting engaged and married, and purchasing a home or new car. However, student loan debt has created a catch-22 [...]

Marriage and Money

By | 2017-05-09T22:13:48+00:00 April 29th, 2016|Categories: Personal Planning, Uncategorized|Tags: , , , , , |

U.S. Supreme Court decisions have given same-sex married couples the same rights and privileges as opposite-sex married couples. If you're married or on your way to the altar, you'll want to sort through the financial implications and potential opportunities you have. 1. Evaluate your employee benefits Once you're married, you may want to coordinate workplace benefits [...]

IRA Contributions

By | 2017-05-09T22:13:47+00:00 March 30th, 2016|Categories: Personal Planning, Uncategorized|Tags: , , , , , |

So instead of wasting your time trying to convince you how great they are, I would rather discuss the mechanics of how you take advantage of them. Devise a savings strategy and start the automatic saving. IRAs come in two flavors: Traditional and Roth.  Traditional IRAs are tax-deferred, i.e., money grows year-after-year without Uncle Sam collecting [...]

When & How to Ask for Financial Help

By | 2017-05-09T22:13:45+00:00 January 6th, 2016|Categories: On Our Minds, Uncategorized|Tags: , , , , , , |

When is the best time to plant a tree?  Twenty years ago. When is the next best time?  Today. The same thinking applies to getting financial help. When is the best time to get financial advice?  Twenty years ago.  When is the next best time?  Today. Seriously, the answer is always earlier is better.  The Boomer [...]

IRA and Retirement Plan Limits for 2016

By | 2017-05-09T22:13:44+00:00 December 4th, 2015|Categories: Personal Planning, Uncategorized|Tags: , , , |

IRA contribution limits The maximum amount you can contribute to a traditional IRA or Roth IRA in 2016 is $5,500 (or 100% of your earned income, if less), unchanged from 2015. The maximum catch-up contribution for those age 50 or older remains at $1,000. (You can contribute to both a traditional and Roth IRA in 2016, [...]