Asset Allocation is the process of dividing a portfolio’s assets into investment classes based on the investment objectives of the investor. While this concept is fundamental to building a portfolio for the short- and long-term, there are alternative approaches to get there. Are you or your advisors adhering to the optimal approach?
Should I pay off debt as I approach retirement? It’s not an easy question, and you should consider both financial and non-financial aspects. Debt, if done right, can indeed be an arrow in the quiver as one enters retirement.
When it comes to staying healthy and wealthy in retirement, it takes a multi-pronged approach, including reviewing your health insurance options, using a H.S.A. strategically, and staying active. Also, don’t fail to plan ahead for the phases of retirement – taking action before a crisis hits is important.
There are plenty of options for 55+ communities in the Southeast. One of the most important things to remember is to focus on what is important to you whether that might be playing golf, hiking, fishing, shopping, or getting involved in groups/activities. And of course, location is very important too. The 55+ years are what many refer to as “the best years of your life” so choose a place that promotes whatever your definition of “the best years of your life” is.
Mega backdoor Roth IRAs are complicated retirement savings strategies. But for the right person, they could offer better tax diversification and a big tax advantage. Is this an option you should consider?
The feeling of having a home equity line is a lot like owning an RV. Many don’t know why they bought it, are not using it, and are paying unnecessary costs. Others, however, are using it at the right time and swear that having one is well worth the hassle.
Middle Tennessee area has much to offer and is a solid place to retire. With its recent growth and popularity, it’s an exciting time to move to Nashville as you can grow with the city. Whether you want to live in the middle of a major metropolitan city, in a comfortable suburban community, on a beautiful country estate amongst lush green hills, or on the banks of Old Hickory, the Nashville area offers it all. As a retiree, you will have plenty of alternatives to explore, grow, and play. I fully recommend that you keep Nashville, Tennessee in mind when looking for a place to call home for your glorious retirement years.
Choosing where you would like to live during retirement can be a challenge. Such things as cost of living, tax factors, things to do, climate, overall happiness of residents, economy, and proximity of family should all be considered when finding the perfect retirement city. So where should you retire? Check out our list of the top 12 top southeast retirement cities. And wherever you decide to retire, Oasis Wealth Planning Advisors is eager to help you achieve your financial goals. We currently serve clients in Tennessee, Georgia, Florida, and Alabama.
