by MRA Advisory Team | Aug 15, 2023 | Retirement, Retirement Planning, Women's Retirement
In today’s corporate environment, cost-cutting, restructuring, and downsizing are the norm, and many employers are offering their employees early retirement packages. But how do you know if the seemingly attractive offer you’ve received is a good one? By...
by MRA Advisory Team | Aug 14, 2023 | Monte Carlo Analysis
When you sit down with a financial professional to update your retirement plan, you may encounter a Monte Carlo simulation, a financial forecasting method that has become more prevalent in the last few years. Monte Carlo financial simulations project and illustrate...
by MRA Advisory Team | Aug 14, 2023 | Investment Planning
Owning a home outright is a dream that many Americans share. Having a mortgage can be a huge burden, and paying it off may be the first item on your financial to-do list. But competing with the desire to own your home free and clear is your need to invest for...
by MRA Advisory Team | Aug 14, 2023 | Financial Planning, Financial Savings
Are you unsure about whether you’re on the right track with your savings and investments? Finding yourself with new responsibilities, such as the care of a child or an aging parent? Facing other life events, such as marriage, divorce, the sale of a family...
by MRA Advisory Team | Aug 10, 2023 | WealthBuilder Investing, Women & Wealth
What would you do with an extra $10,000? Maybe you’d pay off some debt, get rid of some college loans, or take a much-needed vacation. What if you suddenly had an extra million or 10 million or more? Now that you’ve come into a windfall, you have some...
by MRA Advisory Team | Aug 10, 2023 | Weekly Market Update
The S&P 500 and the Nasdaq fell for the second straight week, while the Dow outperformed the benchmark indexes. Stocks have been relatively soft so far in August, which is not unusual. A slightly hotter-than-expected uptick in producer prices (see below) likely...
by MRA Advisory Team | Aug 10, 2023 | Investments
Go out into your yard and dig a big hole. Every month, throw $50 into it, but don’t take any money out until you’re ready to buy a house, send your child to college, or retire. It sounds a little crazy, doesn’t it? But that’s what investing...
by MRA Advisory Team | Aug 10, 2023 | Retirement
The investment industry is famous for focusing on “return on investment,” but when it comes to your retirement nest egg, there’s more to consider than simply saving money and earning a return on investments. One flaw in this way of thinking is not appreciating that...
by MRA Advisory Team | Aug 8, 2023 | Retirement, Retirement Planning
Who doesn’t love the sound of an early retirement? For many busy executives and business owners, slowing down and enjoying your financial success early in life becomes a primary goal. But before focusing solely on whether you can retire early financially, also...
by MRA Advisory Team | Aug 8, 2023 | 401(k)
You can, but it isn’t your best option. Your 401(k) plan should be dedicated primarily to your retirement. There are two primary drawbacks to using your 401(k) for college funding. First, if you withdraw funds from your 401(k) before you are 59½, you will owe a...
