Keen On Retirement

Last week’s job numbers have had a big impact on this week’s main topic of discussion: reopening.

I’m really happy that clients and other friends of Keen Wealth have continued to ask us questions about their financial planning over the past month or so. Those questions tell me that even as we’re dealing with all of the uncontrollable stresses surrounding the COVID-19 pandemic, folks are keeping at least one eye on the things they can control

We’re getting our first small glimpses of light at the end of the COVID-19 tunnel this week. Spread of the disease could be peaking. The markets are starting to look a bit more stable. And our political and health care leaders are in the very early stages of discussing how and when to reopen businesses.

This time last year, the big story in finance was gearing up for our first go around with the new tax laws that were passed at the end of 2017.

Clients and friends of Keen Wealth have questions surrounding the Setting Every Community Up For Retirement Enhancement (SECURE) Act that was passed at the end of 2019. And with good reason! In many ways, the SECURE Act represents a significant rethink of retirement and estate planning. The government has recognized that as folks begin working longer at a wider variety of jobs, individuals need to start taking more personal responsibility for their retirement planning.

Whether you’re 30 or 60 years old, involving a financial advisor in your retirement planning is a smart move. But not all financial advisors are created equal. Some advisors are more interested in making money or meeting employer metrics. It’s important you know how to steer clear of these folks and find an advisor who truly has your best interests in mind.