Posts by Michael Andersen
Taking an Interest in Interest Rates
In retirement it’s not about how much money you have, it’s about how much income you have, and depending on your retirement plan that income may be tied to interest rates. On this episode of Wise Money, Michael Andersen will guide you through the potential impacts fluctuating interest rates can have on your retirement.
Read MoreThanksgiving is a Good Time to Discuss Estate Planning
Family Gatherings are Prime Opportunities for Discussions About the Future
Do you subscribe to the belief that family gatherings aren’t an appropriate place to discuss things like politics, religion or money? Many people feel this way, causing them to put off financial discussions about the future for another time. However, when your family is gathered together celebrating Thanksgiving and you’re feeling gratitude for the loved ones around you, it can open the door for important money conversations that impact your family’s future.
Why You Should Never Neglect Estate Planning
Topics such as where your assets will go when you die can be uncomfortable to broach, but estate planning is integral to your family’s financial future. Establishing a thoughtful succession plan using a document like a will or a living trust can benefit your whole family and ensure your wishes will be met. Ideally, you should have these plans in place before an emergency occurs, and while the oldest members of the family are still in good health, both physically and mentally.
Read MoreConstructing Your Retirement Readiness Plan
Anyone can retire, the real question is are you ready to afford your retirement? On this episode of WiseMoney, Michael Andersen will go over the steps you need to take to increase your readiness for retirement so that you can relax and enjoy the retirement you worked so hard to create.
Read MoreAre You Ready to Retire? How to Gauge Your Retirement Readiness
Retiring at the wrong time can be disastrous for the security of your retirement. This week, Michael covers how a financial professional can help you assess your retirement readiness and set you up for a perfectly timed retirement transition.
Read MoreHitting 100: How to Plan for an Extended Retirement
Centenarians currently make up a growing proportion of retirees and with extended longevity comes the need for extra planning. Today on Wise Money, Michael Andersen covers ways in which you can prepare for the possibility of an extended retirement.
Read MoreYour Ally In Retirement
This week Michael Andersen will go over the best ways to not only find the right financial professional for you, but also tips to help you maintain that relationship throughout your retirement journey.
Read MoreSimplifying Retirement
Retirement isn’t just something that happens, it is a process that takes place over many years and goes through many different phases. Developing a relationship with a financial advisor can take some of the complexity out of the retirement process, making it easier for you to focus on what matters most to you.
Read MoreThe Purpose of Money
There’s More to it Than You May Think
Imagine this: you plant a beautiful flower garden and tend it faithfully for forty years. You protect it from stormy weather and pests, you never pick its beautiful blooms and you don’t traipse through it for fun. You never even get close enough to smell the fragrant flowers or run your hands through them because you’re focused solely on growing them taller and stronger without hindering their progress.
Read MoreWant to Retire Rich? Do These Three Things in Your Forties
Retiring rich is something we all dream of, but it requires dedication and planning to make this dream a reality. For many Generation X-ers, it’s a dream that could be beyond reach without intervention. A new study from the Transamerica Center for Retirement Studies showed that only 14 percent feel they will have saved up enough to live comfortably in retirement. This stunning statistic illustrates the importance of using your forties to examine your financial preparation for your retirement years.
Read MoreTwo Heads Are Better Than One
These days it seems like you can hop on YouTube and find a way to DIY pretty much anything, but when it comes to building your retirement nothing can replace the value of face-to-face, personalized advice. Having someone knowledgeable to guide you and hold you accountable, is an invaluable resource for building a stronger retirement.
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