Are you wondering if your current savings will be enough to support your future lifestyle in retirement? Use this ‘multiple of income’ table to gauge your retirement readiness and see if you’re on track.
Pension and wealth accumulation patterns have experienced a seismic shift in the last 30 years. Individuals now own their retirement assets versus the defined benefit pension plan model. We may be at a generational pivot point where accumulated family wealth can support education, equity building investment opportunities, meaningful philanthropic/charitable campaigns and legacy assets., similar to the goals of a sovereign wealth fund.
It’s always a pleasure to share these pages with like-minded friends. Adam Ferguson of McCarthy Ferguson CPA is a respected accountant and friend. When he accepted our invitation to share his wisdom with our readers we were thrilled! Adam is a details guy, as meticulousness is paramount to the success of any CPA firm. He's done a great job of highlighting the most important things to consider in your business so that you avoid tax time surprises.
August was a hot month for US equities. The buoyant US economy, confident consumers, and balanced testimony from the Federal Reserve, along with some progress regarding trade, helped lift US stocks to new all-time highs. Outside of the US, the markets faced headwinds.