By Preston Rosamond Our retirement can span decades and require sizable assets to take care of all our needs in our non-working years. Every retiree is trying to figure out how they can make the most of their golden years, while ensuring they don’t run out of money. With so many factors to consider, pinpointing the exact amount of assets we need can be tricky. Add in the glut of contradictory advice online and we’re...
By Preston Rosamond 2020 is finally behind us and 2021 is well underway. But the COVID-19 pandemic and its far-reaching implications still disrupts daily life across the globe. Although resilient Americans have adjusted and adapted to these uncertain times, there’s no end in sight to the increased stress you’ve likely been experiencing over the last year. There’s still a lot to lose sleep over: the off-and-on shutdowns and quarantines; job and business uncertainty; concern for...
By Preston Rosamond No one likes to think of the future death of a loved one, but considering the events of this past year, we’ve all learned we can’t take life for granted and being caught unprepared only exacerbates the grief. And considering the difference in life expectancies of men and women, widowhood is a possibility you need to take seriously. While there is really no way to prepare emotionally for the loss of a...
By Preston Rosamond From a global pandemic to a contentious election season to social upheaval, it’s no surprise we have seen increased market volatility over the last year. News headlines will have you believe our world is spinning out of control, which can lead to panic and a number of other emotions. In times like these, often our first thoughts go to our finances. When it comes to our investments, income, threats to our lifestyle...
By Preston Rosamond After the challenging year we’ve all just endured, I’m sure the desire to enjoy a satisfying retirement free from worry has never been higher. Although the ideal retirement might look different from person to person, one universal goal is to not outlive our funds after the steady paychecks stop coming in. Achieving this goal is no easy task, but there’s nothing more resourceful than a 401(k) to help you out. And if...
By Preston Rosamond The world is not like the Mad Men series, set in the ’60s, where you stay with a company for your entire career and drink whiskey for lunch. Nowadays, a person will have a career that spans multiple employers. Mad Men also didn’t have 401(k)s. When a person retires, their retirement assets could be splintered around two, three, or more employers. How do you get a handle on all the plans you’ve...
By Preston Rosamond Here at The Rosamond Financial Group, we believe that your success is our success and we have made it a priority to build lasting, meaningful relationships based on trust, integrity, and superior service. Your satisfaction is our primary concern. In order to continue meeting your needs and improving our services, we’d like to know more about your experience. Please provide us with your feedback by answering these questions. About Preston Preston Rosamond...
By Preston Rosamond The holidays are upon us and a new year follows closely behind. And while most of us want to put 2020 behind us, before you mentally move into 2021, be sure to pay some attention to your taxes. Even though taxes are not at all festive, proactively planning can save you money, and that’s cause for celebration! Here are some year-end tax strategies that you may benefit from. Be Proactive With Tuition...
By Preston Rosamond Figuring out how to pay for college, including what federal aid and/or loans might be available to your family, can give you a headache. Though receiving an inheritance when your children are reaching college age may seem like perfect timing in helping you pay for tuition and other costs, it can also negatively impact the aid your family is eligible for. Let’s look at how an inheritance may affect your aid calculation...
By Preston Rosamond As we watch the market go up and down and then up again, we rarely think about the taxes we might pay with the rise of our portfolio or home value. But we should because the tax man always cometh—however, you can control how much you owe. The amount of taxes you pay is dependent on the amount of time you hold your asset. Having an investment for a year or less...
By Preston Rosamond I get it. Making decisions about what’s going to happen after we’re gone is not fun, which makes it easy to push further down the to-do list. Most people understand the importance of having a will, but unfortunately, many don’t take the time to write one. If you keep putting off creating a will for yourself, I want to remind you this crucial document is worth the effort. After all, providing a...
By Preston Rosamond You may think Roth IRAs are only for working adults who have retirement on the brain. But think again! Roth IRAs are the unsung heroes of the investing world—and they’re an excellent savings vehicle for kids. Yes, for kids. Here are 4 reasons why you should consider opening a Roth IRA for your child. 1. They Can Withdraw Contributions At Any Time Most retirement accounts charge you a steep penalty if you...