Retirement. Personalized. Blog

4 Things to Consider Before Committing Financial Support to Your Adult Children
Retirement LIfe, Financial Planning, Gifting Michael Peterson, CFP® Retirement LIfe, Financial Planning, Gifting Michael Peterson, CFP®

4 Things to Consider Before Committing Financial Support to Your Adult Children

A large part of being a parent is making our children’s lives easier which often comes in the form of committing financial support to those adult children. But before writing a check or making a deposit through Venmo to your children, ask yourself these four key questions:

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Setting Your Retirement on FIRE
Financial Planning, Retirement LIfe Michael Peterson, CFP® Financial Planning, Retirement LIfe Michael Peterson, CFP®

Setting Your Retirement on FIRE

Being financially independent with the ability to retire early is a dream that many people have and even if you don’t have a desire to retire early, everyone can benefit from the fundamentals of the FIRE movement. Planning out your future, being intentional with your spending, and investing for retirement is essential … read more

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The Problem with Systematic Withdrawal Plans
Investment Planning, Retirement Income Strategies Michael Peterson, CFP® Investment Planning, Retirement Income Strategies Michael Peterson, CFP®

The Problem with Systematic Withdrawal Plans

Systematic withdrawal plans. They’re the most commonly used retirement income strategy. But, just because something is popular doesn’t mean it’s good. As almost every parent has said to their child at one point or another, “If all your friends jumped off a bridge, would you jump too?” Read more …

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What to do with my old 401(k)?
Tax Planning, Investment Planning Michael Peterson, CFP® Tax Planning, Investment Planning Michael Peterson, CFP®

What to do with my old 401(k)?

One common question when leaving a job is what to do with your old retirement plan. Whether you leave involuntarily, quit to start a new job, or see yourself switching jobs several times in the next few years, you need a plan for your former 401(k), 403(b), or 457 plan. Mistakes and missteps in handling these plans can be costly and could jeopardize your retirement.

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