retirement Archives - The Invest Blog

Financial Planning for Physicians: How Disability Insurance Fits Into the Equation

Are you a physician ready to safeguard your financial future? Let’s face it – life can throw curveballs at even the most dedicated physicians. That’s where disability insurance steps in, offering a vital piece to the financial planning puzzle. In this article, we delve into how disability insurance fits seamlessly into the equation for physicians. From protecting your income to ensuring practice continuity, we’ll explore the remarkable benefits while shedding light on disability insurance costs. Get ready to secure your financial well-being and discover why disability insurance is a must-have for every physician. 1- Ensuring Practice Continuity The continuity of…

New to Investing? Here’s How to Make Strategic Decisions

Investing can often prove to be the best path to greater personal wealth. In fact a good percentage of those who retire early or with enough to live comfortably the rest of their lives are able to do so because of investments they have made in their lifetimes. The practice however takes some basic knowledge and an approach that is based on proven principles. If you are new to investing and are lured by the prospect of creating long term wealth for you and your family, you need to understand some of the approaches that successful investors take to give…

It is Never Too Early to Invest in Your Future

It is never too early to start managing your finances. Here are some tips to get you started on a road to financial health even if you are only in college. Save Some jobs will automatically enroll employees in a 401(K) program upon hiring. If this is the case, you may already be saving automatically. Typically, companies start contributions at three percent, which is low. Harold Pollack recommends saving ten to twenty percent of income. 401(K) accounts are tax-deferred. You should also be saving in a taxable account. Optimally, you would have your bank automatically send a set amount of…

Are financial advisors actually suitable for EVERYONE?

When the term “financial advisor” is branded around, the immediate assumption for most people is that it’s for the rich and famous. In other words, for the Average Joe out there, most of us feel like one of these professionals really isn’t for us. However, if you were to look deeper into the field, it would become clear that this isn’t necessarily the case. Sure, the high-profile uses might suggest otherwise, but there are plenty of other “normal” instances where a financial advisor might be suitable for the masses. According to Keith Springer, these instances can include even the…

Don’t Believe These 5 Retirement Investing Myths

Retirement is a marathon, not a sprint. According to Forbes, the average expected length of retirement is about 19 years for males and 21 years for females, assuming retirement at age 65. But 1 in 10 retirees live to see their 95th birthdays, and that proportion is likely to grow as medical screening and treatment improves. Planning for retirement is a marathon, too. You need to start early enough—and stay disciplined enough—to ensure that you have ample savings and income after hanging up your hat for good. Avoiding these five common retirement myths can help you beat the odds and…

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