There’s a pretty good chance that your parents and grandparents retired just because they turned 65. Today’s retirement is a bit more complicated than that. While age is still an important factor, your ability to connect your financial resources to your lifestyle goals is what will truly determine if you’re ready to retire.
Bills, mortgages, bank statements, brokerage statements, credit card statements—being an adult certainly does require a lot of paperwork. To keep your paper trail under control, it’s important to develop a well-organized document-retention process.
On Saturday, October 6, 2018, The Fund for Santa Barbara hosted the 25th Annual “Bread & Roses” celebration at QAD Headquarters. Mission Wealth proudly sponsored the community dinner that was followed by a silent auction. Client Advisor Jenna Rogers was in attendance, and she enjoyed beautiful views at the successful event.
As you look to the later stages of your life, you will want to understand and quantify all of your options when it comes to housing and potential healthcare costs. You might wonder if you should try to live with family, stay at home and receive part-time or full-time assistance there, or move to a retirement home where many of these costs are covered and a continuum of care is offered.
As your parents begin to settle into their final phase of life, their health, residence, and finances could become a factor in your retirement planning. This is especially true if you are the person your parents have tasked with settling their estates. There’s no simple way to tackle all the logistical and emotional challenges associated with caring for an aging parent. But these five steps can offer you the help you’ll need to make sure your parent is safe, cared for, and financially secure.
This year saw one of the largest tax reforms in over three decades. Two of the major changes – an increase in standard deductions and reduced/eliminated itemized deductions – have taxpayers seeking new methods to reduce their tax bills. Although having been around for over a decade, Qualified Charitable Distributions (QCDs) have been reintroduced to the spotlight in 2018 as a strategy to reduce taxable income for retirees.
Mission Wealth’s Spotlight on the Team for September is Client Advisor Long Tran. Long has been with Mission Wealth for more than 2 years, and brings to the firm over 10 years of experience in finance. Long is actively working towards achieving his CERTIFIED FINANCIAL PLANNER™ certification. In this interview, he reveals where he got his passion for travel from, his favorite activities and how he helped to change the life of a client for the better.
CEC has pioneered environmental solutions in areas with the biggest impact on climate change – most notably energy, transportation and food systems. The Green Gala helped to raise over $240,000 for the CEC.
529 College Savings Plans are tax-advantaged education savings vehicles and one of the most popular ways to save for college today. They can also be used to save for K-12 tuition. Much like the way 401(k) plans changed the world of retirement savings a few decades ago, 529 savings plans have changed the world of education savings.
SEE International provides essential and transformative eye care and surgery around the world and in the United States. They bring medical volunteers and partners together to care for the people who need it most. Throughout their 44-year history, SEE International has accomplished a great deal in its fight against avoidable blindness. Since 1974, their volunteer ophthalmologists have restored sight to over half a million men, women, and children. They have examined more than four million people worldwide, and transformed the lives of countless others. Because of the generosity of their volunteers, donors, and supporters, parents can return to work and provide for their families. Children can go to school and seek brighter futures. Elder family members can live dignified, independent lives.