Bright Ideas

Choosing the right advisor

As the saying goes, "When times are good, anyone can make money." In the tenth year of the bull market following the Great Recession, markets are at or near all-time highs, but recent volatility has some investors uncertain on where the markets will go from here. Many are re-evaluating their relationship with their financial advisor to ensure that they are in good hands.

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Bright Ideas

Read what Brightworth advisors and planners have to say about wisely managing your financial future.

father and son

Do you wish you had started working with a financial advisor sooner?

firetruck and ambulance

After a tragedy, your world seems upside-down. Are you making mistakes that might compound a bad situation?

executive at home

Executives need to be prepared for the tax bills that come with earning stock awards and bonuses. These tips can help you handle a tax bill surprise.

aging parent and adult child

Adult children will eventually need to know about their parents’ finances in case of emergency. This list of 9 questions can help you talk to your aging parents about money.

two pensioners in their kitchen

If you are fortunate to have a company-provided pension, you will be faced with one of the biggest decisions you’ll ever make about your retirement – which pension option to choose.

woman holding up hand to stop

A millennial with a solid financial plan should avoid these seven things.

Bright Blog

Check out what Brightworth advisors and planners have to say about wisely managing your financial future.

 

38 ON Fri, 06/25/2021 - 11:06

Many retirees consider travel as one of their most enjoyed activities.  The love of travel can therefore become an important part of legacy planning as an expression of values and priorities. Conde Nast Traveler magazine recently featured a story about a couple who passed down their passion for travel to their family in a meaningful way.  Read on to hear their story from the perspective of their granddaughter.

11 ON Mon, 06/07/2021 - 16:01

 

For centuries, human beings have fought against the reality of life: that we are aging and will eventually die. Entire industries are devoted to extending and improving our lifespan and even our mindset regarding getting older. The area of aging and its implications are a central theme throughout the other Elements of Retirement.

10 ON Fri, 06/04/2021 - 14:35

A bad fall at an advanced age can change everything. And by the time it happens, you may be scrambling to understand your elder relative's financial situation and plan next steps.

38 ON Thu, 05/27/2021 - 16:21

During their accumulation years, many givers earmark a portion of their cash earnings for charitable purposes.  But how should retirees think about generating income for charitable purposes when their cash flow comes from multiple income sources such as Social Security, pensions, deferred compensation plans, or Required Minimum Distributions (RMDs)?

11 ON Thu, 05/27/2021 - 16:06

In the spirit of friendship, personal growth, and community, we are excited to launch the Retiring Well Book Club. Each quarter, we will feature a book recommendation and a short executive summary. The book for this quarter is The Psychology of Money: Timeless lesson on wealth, greed and happiness by Morgan Housel.

86 ON Fri, 05/21/2021 - 12:37

rocket launch

Growing up in Huntsville, Alabama (aka “The Rocket City”), in the 1970s and 80s, I was well aware of its importance in the golden age of America’s space program.

38 ON Thu, 05/13/2021 - 16:06

A home equity line of credit could be a helpful temporary source of liquidity for extra cash needs in retirement, especially for retirees who generate most of their income from tax-deferred accounts like a 401(k) or IRA.  Here are four common scenarios where this line of credit could make sense.

11 ON Thu, 05/13/2021 - 15:48

We take a deeper dive into the Element of Leisure. How can you use your wealth to bring greater satisfaction to this area of retirement life?

11 ON Thu, 04/29/2021 - 16:19

One of the primary comments of the Retiring Well philosophy is there are two sides to money. What are the two sides of money and how do they affect our financial decision- making?

38 ON Thu, 04/29/2021 - 14:58

Since late 2019, two significant pieces of legislation have changed some of the rules for required minimum distributions (RMDs) for retirees and other IRA beneficiaries. If RMDs impact you, keep these key rules top of mind for 2021.

354 ON Thu, 04/22/2021 - 14:43

pilot in a private plane

As a pilot, I make hundreds of decisions on a single flight to get my family safely to our destination.  Some of those decisions are conscious, and some are not.  They all, however, are influenced by internal and external factors.  Most importantly, they are influenced by experience and by attitude. 

38 ON Fri, 04/16/2021 - 14:07

For those looking to help cover the rising cost of higher education for their grandchildren, Chase Mouchet shares the 5 key features and benefits of the 529 Plan and why it may be a great tool to consider.