October 29, 2021

Health Savings Accounts: Why They Are Useful and How to Set Up

Did you know that even with the skyrocketing costs of medical care, there are ways you can reduce those out of pocket expenses? And if saving money sounds like something you want to do then you’ll definitely want to look into a Health Savings Account (HSA). These accounts are tax-exempt trusts that are set up to help with qualifying medical expenses…in other words, you can pay yourself back for those doctor’s visits. However, there are some guidelines you have to follow in order to obtain one.
January 19, 2021

Why Your Lifetime Savings Rate Matters

Do you ever think about how much money you’re putting into savings? What percentage of your lifetime income have you saved? The truth is, most of us don’t consider these things. But saving money for your future is one of the most important things you can do. That’s why I’ve chosen this topic for today’s post. Join me, as I explain why your lifetime savings rate matters!
January 12, 2021

How to Calculate Your Income Savings Rate

One of the most common questions I hear from our clients is, “How am I doing?” As we lean into this question, quite often, the clients begin to compare themselves to their peers. However, I believe that there is a much better example for them to compare themselves to… themselves! To truly know “how you’re doing,” all it takes is a simple calculation. Join me as I explain how to calculate your income savings rate.
December 8, 2020

The Calculation: The Wealth Gap Formula Put To Work

Over the past few weeks, we’ve spent a lot of time talking about your retirement wealth gap. We’ve covered everything from inflation and normalizing your income to assuming the ROI of your business and your investment portfolio. Now that we’ve laid all of the groundwork, it’s finally time to identify the wealth gap formula. Today’s article will pull everything we’ve learned to this point, together and show you exactly how to calculate your own retirement wealth gap.
December 3, 2020

Assuming An ROI for Your Wealth Gap Calculations

Whenever we talk about calculating our retirement wealth gap, a common question comes up. This is the question of investment assumptions. What should we assume for our ROI when making these calculations? This can be a complicated issue because one of the ways to find the answer is to look at historic data across market indices.
December 1, 2020

How to Calculate The ROI of Investment Property

As we continue our deep dive into bridging the retirement wealth gap, I want to take a look at a subject that affects so many of us. There are so many people who deal with this type of asset that it is one of the largest types of asset holdings in the investment world. I am speaking, of course, of real estate. Up to now, we’ve tackled how to calculate our wealth gap, business ROI, and even taxes at the time of sale. But in today’s entry, we will focus on how to calculate the ROI of investment property.
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