The backbone of a successful financial life is a combination of planning for the future and budgeting in the present. Over time your plan will change as your income (hopefully) increases and the shape of your family transforms. Things are much different for newlyweds in their late-20s than the … Read More
Are these Five Myths Keeping You From Starting a 401k Retirement Plan?
There are currently more than 40 million Americans who do not have a retirement plan offered to them in the workplace. According to the U.S. Small Business Administration the majority of those without a workplace option are employed by small businesses and those with less than 100 employees. As a … Read More
Offering a 401(k) Retirement Plan is Easier Than You Think
America is facing a retirement crisis. According to the National Institute on Retirement Security, the average working household has a median retirement account balance of $3,000, and the savings gap is estimated to be between $6.8 and $14 trillion The Retirement Savings Crisis: Is it worse that we … Read More
Family & Finances: Planning In Your 30s and 40s
At Magellan Financial we believe in the power of planning. We also know that most people don’t start seriously considering an investment plan until they enter the fifth decade of life. It is much easier to envision retirement, a concept that is hard to grasp when you are in your 30s or 40s, once … Read More
Family & Finances: Money Basics for Your Children
All parents want to see their children become successful adults. Academically this means taking the time to help them with their studies, paying for tutors, college, and possibly post-graduate schooling. It also includes many hours at sporting events, dance recitals, and other extra-curricular … Read More