Paying Attention to Your 401k Fees

Posted on February 17, 2012 by Isaac Wright

The U.S. Labor Department has drawn a line in the sand with undisclosed fees being charged to employees as they contribute to their 401k. Starting later this year, those who contribute to this type of retirement account can expect to see a clearer view of the fees being charged to their accounts. This has been long overdue with an estimated 4.3 trillion dollars in 401k plans. Plan administrators and investment companies will now have to disclose fees, that left unchecked, could significantly reduce your 401k balance for retirement. Continue reading →

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Radio Interview

Posted on February 10, 2012 by Isaac Wright
Last week I was interviewed by Matt Dicken, who is a well respected financial educator in Kentucky and hosts a weekly radio show.  After reading my book, “Navigate Your Way to a Secure Retirement”, he was so impressed that he invited me discuss it on his show.  If you’d like to listen to the show, click on the link below.  My segment of the show doesn’t begin until about 13 minutes, 20 seconds into the show, but you can fast forward to that point.

http://www.askmattdicken.com/media-player.asp?id=132

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Chesterfield Observer Article

Posted on February 8, 2012 by Isaac Wright

Michael Buettner of the Chesterfield Observer interviewed me for an article on how seniors will pay for long term health care.  Mr. Buettner gives some good tips that seniors should consider.  Click on the link below to go to the Chesterfield Observer article.

http://www.chesterfieldobserver.com/news/2012-01-25/Family/How_to_finance_health_care_for_seniors.html

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The 4% Rule of Withdrawal May Be Too High

Posted on October 24, 2011 by Isaac Wright

Is a 4% withdrawal rate too high for your retirement??

This could very well be the million dollar question for many families who will have to depend on distributions from their investments during retirement. What exactly is the 4% withdrawal rule? It simply means that if you balance your investments (stocks and bonds) and factor in inflation, you should be able to outlive your retirement savings during a 30-year retirement by simply taking 4% from your investments per year, starting the year you retire. Sounds easy enough, right? Continue reading →

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Are You Overpaying For Your Life Insurance?

Posted on September 15, 2011 by Isaac Wright

I consider myself to be somewhat competent on the use of life insurance to achieve financial planning goals, but I recently stumbled onto a situation where a client was overpaying for insurance by 30%. I wondered why the coverage was so expensive, so I dug in and learned where the problem was. I want to share my research with you so that you don’t lose your hard-earned money to a marked up or over-priced insurance policy – or worse, accept lesser benefit amounts than you deserve for what you are paying. Continue reading →

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WRVA Interview

Posted on July 27, 2011 by Isaac Wright

WRVA Interview (CLICK HERE TO LISTEN)

Jimmy Barrett, from WRVA Talk Radio asked me to be on his show again.  This time we discussed the possibility of our government defaulting on loans, how this can effect credit ratings and how this will effect all of us.

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What’s The Real Story With Inflation?

Posted on June 23, 2011 by Isaac Wright

 Retirees depending on Social Security income may find it coming up short to pay for necessities such as food, gasoline and heating oil. Yes, Social Security payments are inflation-adjusted, but the inflation rate used in the calculation can undervalue the true cost of food and energy which is a large part of your retirement budget. Continue reading →

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Characteristic of A Trusted Advisor

Posted on May 24, 2011 by Isaac Wright

Two Questions:

1)   What is a Sign You Have a Trustworthy Financial Advisor?

2)   Why Should My Advisor Care About Who My Beneficiaries Are?

These might seem like odd questions, especially one right after the other. Just go with me, though, because believe it or not, they directly relate to each other. Continue reading →

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An Exclusion to Include when Planning for Income:

Posted on April 15, 2011 by Isaac Wright

OK, so a lot of you have watched, read, or listened to some of my interviews recently on how to plan for income during retirement.  Well I wish I had more than a few minutes during these conversations to discuss this potential problem that boomers and retiree’s worry with quite often.  I have been asked by quite a few folks who follow me “what is something that is often overlooked” when retirees are moving into the distribution phase of their retirement.  They want to know how they can take money from thier investments and savings to maximize their income while minimizing taxes. Continue reading →

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Retirement Interview

Posted on March 29, 2011 by jferguson

I was recently asked by the Richmond Times-Dispatch to write a featured article for  “60 Seconds With…” This article appeared in the March 28, 2011 Business Section of the Times-Dispatch, page D16.  Or you can listen to it below, just click on the arrow.

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