Is Saving 10% Enough?
A common rule of thumb when planning for
retirement is to save 10% of your gross income during your working
years. Since this rule of thumb has been around for a long time,
it's logical to question whether it's still an appropriate guideline. For many, it may be a moot question since
overall personal savings don't come close to that 10% figure.
Personal savings as a percentage of disposable income are hovering
at historically low levels, 0.9% in 2004 (Source: The Regional
Economist, July 2005). Despite overall trends, you still control
how much to save for your retirement. So, is 10% a good guideline?
Several trends suggest that it is probably on the low side.
[FULL ARTICLE]
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So What Will You Do in Retirement?
How much will you need to live a comfortable
retirement? It's a question that can't be answered without giving
serious thought to how you really want to spend your retirement. Retirement is no longer viewed as a time
to slow down, but is now considered a new beginning in life. Thus,
your current living expenses may have little to do with your retirement
expenses. However, keep in mind that retirement often proceeds
in stages, with different spending trends in each stage.
[FULL ARTICLE]
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Evaluating Potential Stock Investments
With thousands of stocks to choose from,
developing a systematic approach to evaluating stocks can make
it easier to make your selections. The first step is to narrow
the options from the thousands of possible choices to ones most
likely to meet your objectives. That typically involves screening
companies based on criteria important to you. For instance, if
you are interested in growth stocks, you might look for earnings
growth over a certain percentage. Or for value stocks, you might
look for companies with low price/earnings ratios or low price-to-book
values
[FULL ARTICLE]
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What Are Roth 401(k)s?
Effective January 1, 2006, 401(k) plans
now have the option to offer Roth 401(k)s. The Roth 401(k) is
patterned after the Roth individual retirement account (IRA) -
contributions are made from after-tax earnings that grow tax free
and qualified distributions are withdrawn tax free. However, there
are some significant differences between Roth 401(k)s and Roth
IRAs.
[FULL ARTICLE]
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Basic Facts about Taxes
The subject of income taxes is one that
most people would prefer to ignore. However, since income taxes
are a significant expense for most taxpayers, you should come
to grips with some basics about taxes.
[FULL ARTICLE]
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David K. Sebastian, CFP®, and his team of experts at The Physicians Wealth Management Group specialize in working with individual physicians and group medical practices. David is considered to be one of the top financial advisors in the country with more than twenty five years of Wall Street experience as a chief investment officer, portfolio manager, institutional bond trader, and estate planning, benefits planning and retirement consultant.
Commitment to his clients’ financial needs and well being is a primary motivation for David.
The Physicians Wealth Management Group was specifically created to address and manage all of the unique financial challenges that doctors are facing both individually and through their group medical practices.
Feel free to contact me at
www.physicianswealth.com or
dsebastian@sfr1.com
or call me at (973) 285-3600
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