This month Blue Blaze Financial Advisors joined a growing community of startups, big companies and retail businesses moving into Bell Work’s the former Bell Labs megalith structure in Holmdel. Somerset Development is reimagining the Eero Saarinen designed masterpiece into a live, work, play space complete with an indoor quarter mile Main Street, hotel and restaurants. It's located in Holmdel, NJ, right off exit 114 of the Garden State Parkway.
There’s a famous saying that if you fail to plan, then you’re planning to fail. Though the importance of planning for retirement seems pretty obvious, many people neglect it or don’t put the necessary time into the process.
The funny thing is, people put plenty of time into planning other events in their lives, whether it’s a vacation, wedding, or birthday party.
But you can easily apply the same principles you use to make other plans to retirement.
“How much money will I need for retirement?” That’s a loaded question that I often get from my clients. If you’re like most people, you’ve been wondering about it too.
When you were a kid, there were probably moments in life you couldn’t wait for. You know those times when you had butterflies in your stomach and couldn’t sleep at night because you were oozing with excitement and anticipation of that summer vacation, trip to Disney World, Christmas morning, or that big movie premiere.
Topics: Financial life guidance
Did your child attend summer camp or after school tutoring last year? You could be leaving money on the table if you aren’t utilizing the dependent care credit.
Topics: Dependent Care Credit
When you sit down with a financial advisor, you’re not expecting to be asked questions like, “What is your ideal life?” or “What things are most meaningful to you?”
Those types of questions are reserved for Oprah interviews, not financial planning sessions. You’re expecting to discuss investments, assets, tax returns, debt and retirement planning. What do those deep and probing inquiries have to do with managing your money?
No one wants to grow up to be a goal setter. But somewhere between high school and college graduation we realize, if we want to be that marine biologist or that fire fighter we always hoped for, we’re going to have to set a goal.
According to Bloomberg Businessweek, a venture backed startup is banking on the notion that millennials with money to invest want options that align closely with their social values and that they would rather use a robo advisor than a flesh and blood financial expert.
Topics: Tax prep
We have a client couple who are great savers. Not only do they save more than 15 percent of their income for future goals, they save money for their children.