When discussing retirement plans with my clients, I always discuss taxes. Taxes can make a huge difference in your income during your retirement years. I believe my clients need to develop retirement strategies that address taxation, while providing sources of supplemental retirement income. Here are some of the specific topics I discuss with my clients.
One of the most debated financial questions of modern times is whether you should prioritize paying off your home mortgage over planning for your retirement. The answer to that question often is rooted in emotion more than sound financial wisdom. Emotion embraces the dream of a retirement with no debt, great health, and doing whatever you want whenever you want. However, for the vast majority of Americans, this will not be their reality. Sound financial wisdom says that before blindly adhering to the mantra of paying off your home mortgage as quickly as possible, you should examine your situation to see if it really makes financial sense for you.
As a life planner and business coach, I find one of the main things people lack is a basic understanding of financial principles. I wonder- how much easier could their lives have been if they'd been taught these basic facts as children?
The beginning of a new year is a great time to make financial changes we have long delayed or avoided. here are 21 ideas that may help you manage your hard-earned money better.
What comes to mind when you recall holidays gone by? Do you have sweet memories of time spent with friends and family, or unpleasant memories of family and gift-buying stress- along with debt to start the new year? I can't eliminate the stress caused by 2020 or relatives, but I can provide a few financial tips to help prevent debt remorse in 2021.
Having been an entrepreneur myself for over 40 years, I know how much work starting and operating a small business can be. As you make plans, here are some things I advise you to consider.
One of the few things people know about Social Security is that contribution is mandatory, and when they get old enough to retire, they will receive a certain amount of money per month as long as they live. An annuity has some similarities; when properly designed, it can provide guaranteed income in retirement and help reduce the risk of running out of money.
Financial Planning without life insurance is like rearranging the deck chairs on the Titanic.
You may not be able to change many of life’s problems, but you can change how you face them. Imagine with me what life could be if you broke the mold of financial crisis in your family and left a legacy of financial wisdom instead.
I’ve already explained the differences between wise and unwise debt. Now, I want to talk more about debt — specifically home mortgages. Let’s discuss two beliefs about a home mortgage that could be detrimental to your financial health.
Kathy P. Rogers
“The process of planning for the unexpected begins with a conversation. I want to get to know you – your dreams, your goals, your passions. I want to know what makes you who you are. My goal is to listen, then help you design a plan that aligns with all these things as well as your budget.”
Marston Rogers Group
Kathy Rogers is owner and VP of Marston Rogers Group, a financial services and life insurance business. As a Life Planner, her passion is to help individuals and businesses review where they are, then help them design and implement life and retirement plans as well as business exit strategies. Through proper planning and execution, the financial anxiety surrounding life goals and retirement can be greatly reduced.