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Ghost written by Liz Ernst for Jeremy KeatingJeremy Keating,

Five Common Retirement Planning Mistakes You Don’t Want to Make

As the largest generation of retirees in U.S. history streams into retirement, they enter their golden years with uncertainties and challenges like no previous generation has faced. A staggering 76.4 million Americans born during the post-World War II “baby boom” have already started retiring and will continue to exit the workplace over the next 20 years.
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Estate Planning is not just for the very wealthy. You need estate planning too, no matter how little you think you have to leave behind.

On the topic of estate planning, Warren Buffet once said: ”I want to leave my children enough that they feel they can do anything, but not so much that they do nothing.” Naturally, Mr. Buffet was making light of pretty weighty topic, especially for a man with a roughly $74 billion estate to plan for. But if you’re among the majority of middle class Americans who think estate planning is for people like Warren Buffet and not you, you have another think coming.
Written by Liz Ernst for Lake PointAdvisory Group

Behavioral Finance—a Powerful Tool for Providing Retirees with Financial Peace of Mind

Investing during your working years is aimed at wealth-building and utilizes a growth strategy in which you invest aggressively in stocks that will gain in value over the years (and decades), allowing those significant gains to build a nest egg for retirement. Younger investors can generally afford to take on market risk during their working years, since they have time to make up for losses caused by volatility.
Ladin Tax website: Ghost written by Liz Ernst for Ladin Tax & Financial GroupLadin Tax & Financial Group

What’s New With Social Security?

Before the Bipartisan Budget Act of 2015 passed, the Social Security Disability Insurance Trust Fund was projected to be depleted sometime this year. Congress shifted tax revenues from the Old Age and Survivors Insurance Trust Fund to keep disability benefits fully funded. However, Social Security still faces long-term shortfalls under currently scheduled funding and expenditures.
Ladin Tax website: Ghost written by Liz Ernst for retirement advisor Michael Ladin

Required Minimum Distributions for the Baby Boomer “401(k) Generation” Have Begun: Time to Prepare for a Volatile Ripple Effect?

A funny thing happened in July of this year—the first generation of Baby Boomers born in early 1946 turned 70½, the age at which mandatory required minimum distribution (RMD) withdrawals kick in. Right behind them are the younger Boomers, following at the rate of 10,000 people per day for the next 18 years. They too will be obligated by law to begin mandatory withdrawals from their retirement savings.
Lake Point Advisory Blog: Ghostwritten by Liz Ernst for Chris Massenburg

Achieving Retirement Goals in a Stagnant Economy has Aging and Retired Americans Short on Optimism

Boxing great Joe Louis, who won—and lost—a few fortunes in his lifetime once said “I don’t like money, but it quiets my nerves.” Many aging and retired Americans are feeling that same tug of war with finances. They’re unnerved, despite positive economic news and a high rate of optimism among younger investors.  In fact, retired investors’ optimism plummeted sharply in the second quarter due to concerns about the economy.
Lake Point Advisory Group: Written by liz ernst for Chris Massenburg, Lake Point Advisory Group

Achieving Retirement Goals in a Stagnant Economy has Aging and Retired Americans Short on Optimism

Boxing great Joe Louis, who won—and lost—a few fortunes in his lifetime once said “I don’t like money, but it quiets my nerves.” Many aging and retired Americans are feeling that same tug of war with finances. They’re unnerved, despite positive economic news and a high rate of optimism among younger investors.  In fact, retired investors’ optimism plummeted sharply in the second quarter due to concerns about the economy.
Ghostwritten by Liz Ernst for Retirement planner Michael Ladin

6 Ways Roth Roth 401(k)s are Different from Roth IRAs

By contributing your after-tax dollars to a Roth 401(k) or Roth IRA, your money grows without the burden of taxes each year, and when you retire you can minimize taxes on withdrawals by following a few strategies. However, there are some significant differences between the two accounts that can have important implications for your retirement finances. Here are some of the most important ways the rules differ between Roth 401(k)s and Roth IRAs.
Lake Point Advisry Blog: Ghost written by Liz Ernst for Lake Point Advisory Group

3 Steps to Helping Pre-Retirees and Retirees Achieve Financial Peace of Mind, Despite Election Year Volatility

Pre-retirees and retirees are already worried out about outliving their nest egg savings, and fears about election year market volatility aren’t helping matters. A number of  studies show that baby boomers worry about their savings lasting throughout their retirement, and their concerns are valid. At Lake Point Advisory Group, we work to address these fears with a practical approach to examining each client’s individual portfolio and finding ways to protect their savings.
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