You’re finally retired; congratulations! You have worked hard to get to the point of being able to transition to retirement, and I am sure you feel excited, optimistic, and scared at the same time. The transition to retirement chapter is one of the most exciting times in our lives, and retirement is all about enjoying your time. Before you get too comfortable on that couch, there are a few key considerations to explore as you transition out of the workplace.
Read MoreDid you know that April is Financial Literacy Month? The goal of Financial Literacy Month is to highlight the importance of financial literacy, as well as educate on how to establish and maintain healthy financial habits. You might be wondering, however, how to increase your financial literacy. That’s why we wanted to take a moment to share how to improve financial literacy, whether you are just getting started on establishing healthy financial habits, or if you are just looking to refresh what you already do.
Read MoreThe field of financial planning has come a long way in the last decade or so. Since more and more people are labeling themselves as "financial planners" in some way, it has become harder for potential clients to know what that really means or what kind of service a planner can provide, and the question of, “What is a Certified Financial Planner?” is often asked. Here is exactly what CFP® stands for.
Read MoreRoth IRAs have become more and more popular lately as savers recognize tax-free assets' benefits in retirement. However, there are also lesser-known nuances that are important to understand when it comes to Roth IRA accounts, namely the Roth IRA 5 Year Rule.
Read MoreAs more and more people begin to explore investing and financial planning, one question seems to come up quite often. "Are you a fiduciary?" Since we at Mainsail get this question more than any other, I thought I would explain what is a fiduciary, and proudly state that all of our advisors serve our clients under the fiduciary standard.
Read MoreOne of the biggest financial challenges for most families is the uncertainty around long-term care costs. The costs can be for anything ranging from in-home medical support to retrofitting a home for more ease of use to paying for a stay at a facility of some sort, such as skilled care or assisted living. Recently, the WA House Health Care & Wellness committee has voted in favor of advancing the Washington State Long Term Care Trust Act.
Read More2020 was a year for the history books and one we will not soon forget! With the challenges of COVID-19 and much more I know many of us are looking forward to a fresh start in 2021. Every calendar year the IRS adjusts contribution limits for retirement plans to account for inflation. This year we see some adjustments as well, and here are some of the more notable changes for 2021…
Read MoreEvery year I dread the end of summer. As the days get shorter and the sunny days become less frequent, at least I know I have one thing to look forward to: Cougar Football Season! Except this year is a bit different – in many ways. We still have football this year but due to COVID, Pac-12 football and countless other aspects of our lives have been turned upside down.
Read MoreIt is no secret that some of the most successful people in the world work with financial advisors. They understand the value of tax planning, legacy, and risk management in their lives. They also place a huge significance on time and confidence, which allows them to be successful and focus on what is most important in their lives. In a world constantly focused on fees and costs, the value of a true family advisor has been lost in the translation.
Read MoreAs we move into summer of 2020, COVID-19 concerns have been slowing and the economy is starting to open up. The markets had dropped significantly due to the fear of this unseen enemy and very quickly recovered most of the losses, primarily on the back of many government programs and optimism for the economy to kick back into gear.
Read MoreThese are completely unprecedented times and we hope, above all else, everyone is staying safe and focusing on health and family. I imagine that this period will not soon be forgotten, and we will always remember what we did and how we managed through this crisis. Hopefully the spring will bring in some good news in regards to COVID-19 and we may be able to ease back into our new normal soon.
Read MoreAre you gearing up for retirement and starting to “check the boxes” as you make the final push to this next chapter? Retirement is an extremely exciting time and something we strive for our whole lives. Although this is a great time to look forward to, there are some aspects to prepare for emotionally as you get closer as well.
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