What exactly is succession planning? At a general level, succession planning is the process through which a business readies itself for changes in leadership positions. When done correctly, it allows for the identification and development of individuals to take on,...
If you’re nearing retirement, you’re probably starting to think more seriously about where you would like to retire to? Have you considered Virginia? Many new retirees have and are making the move to one of Virginia’s retirement counties –...
Individual retirement accounts (IRAs) offer a way to save for retirement. In a general sense, IRAs are dependent on the same basic rule as the retirement account options offered by an employer. IRAs have contribution limits and allow you to withdraw cash without any...
Having a financial plan for the post-retirement years is everyone’s dream. With a long-term personal financial strategy, you can live comfortably and avoid financial issues during retirement. The thing is, no one really knows what those latter years hold until...
What is it they say? There are two things you can count on in life, death, and taxes? Paying taxes is part of the American and Virginian way. While all 50 states in the US must pay the same federal income taxes, Virginian residents benefit from favorable income tax...
Every day 10 thousand people in the US turn 65. They’re becoming the fastest-growing segment of the population. With turning 65 comes the right of passage which is retirement. As you embark upon this exciting new journey in your life, you may begin to wonder...
As the pandemic recedes, inflation has come to the forefront of economic news. The inflation rate in the U.S. hit 8.3 percent in April 2022, the highest rate in decades, but not the highest rate we’ve ever experienced (29.78% in 1778, and 19.66% in 1917 is the...
18.9% of new residents moving and living in Virginia are retirees. What makes Virginia’s life so appealing? If you’re retirement planning for the future and considering where you want to spend your golden years, Virginia should be at the top of your list....
As you approach retirement, it may be time to pay more attention to investment risk. If you are an experienced investor, you have probably fine-tuned your portfolio through the years in response to market cycles or in pursuit of a better return. As you approach or...
If you own a traditional IRA, perhaps you have thought about converting it to a Roth IRA. Going Roth makes sense for some traditional IRA owners, but not all. Why go Roth? There is an assumption behind every Roth IRA conversion – a belief that income tax rates will be...