Taking time to write down your action plan for retirement is the optimal way to ensure you have the best retirement. But the key is to simply start planning now. After personally experiencing the benefits of thorough planning in my flying career, as well as in my financial life, I have become even more passionate about making sure all of our Leading Edge clients “have a plan.” Whether you are near the end of your career, rapidly approaching retirement, or you’ve just begun your professional adventure, I’m absolutely convinced financial planning will allow you to enjoy your career (and retirement!) more. As you begin the process of setting financial goals and planning for a great retirement, consider the following questions…
Investing is not golf. You don’t win with your short game. The 3rd quarter of 2019 reminded us that investing requires a long game approach. Short term investors didn’t see great returns in the 3rd quarter; it was an unexciting period of time. In his quarterly review, Kevin goes over the numbers, touches on some unexpected outcomes and explains why you should invest your money for at least 10 years to ensure the highest probability of success.
In the final video of our Airline Pilot Benefits Series, we are discussing Health Insurance. Most airlines offer a variety of health insurance plans. How do you know which to choose? Charlie and Ben discuss the pros and cons of high & low deductible plans, as well as Health Savings Accounts and medical insurance options for retired military who are now working at the airlines.
Have you ever wondered what happens to your unpaid bills after you die? You might be surprised to know that it depends on what kind of debt is still outstanding.
A group of estate planning experts were asked for their advice on a better process to handle the transfer of assets at your death, and to articulate common mistakes. This is what they had to say.
HSA’s are often confused with flexible spending accounts (FSA), but the two differ significantly. HSA’s have distinct tax advantages and we feel they are an underutilized retirement savings tool.
Discussing life insurance can be a difficult and emotional experience. None of us want to think about ever needing it, but it is crucial to be prepared for the possibility. Charlie and Ben discuss which type of life insurance you need, how much, and if your children need it as well. They also address if you should purchase AD&D insurance.
Long Term Care Insurance is a lesser-known benefit that is often misunderstood but increasingly important as we are living longer. Charlie and Ben explain what long term care insurance is and why you should consider it. They also address how it can serve to protect your financial assets, if and when you should buy it and how the 6 Activities of Daily Living affect your ability to receive benefits.
It might surprise you to know that some of the world’s largest banks are lending their assets for negative yields. Basically, they were taking deposits with a promise that the lenders wouldn’t get all their money back. Why would they do this?
Charlie & Ben discuss what can you do to minimize your taxes now and in the future, including changes since the implementation of the 2018 Tax Cuts & Jobs Act, as well as the tax benefits of side businesses, charitable donations, donor-advised funds, Roth IRA’s and more.