Retirement marks a significant life transition, where the rhythm of work gives way to the pursuit of leisure and fulfillment. However, this transition requires careful planning, especially when it comes to ensuring a steady stream of income to sustain your desired lifestyle throughout your next phase of life. Understanding the various income sources available and […]
The growing interest in electric and hybrid vehicles is fueled by a combination of environmental concerns and financial incentives. To the prospective buyers, understanding the incentives that are available for them can greatly influence their decision. It is recommended that action should be taken promptly since incentive programs as well as regulations are subject to […]
Back in the early 1980s, when I was in grade school, my best friend’s way-too-cool older brother introduced me to the by Canadian progressive rock band Rush. I’d never hear anything like it. Not only was it incredible that just three guys could make music like that, but their lyrics had such deep meaning. Take […]
RTD works with many mid-life couples who are driven, family- and career-oriented people who want to focus on their finances but just don’t have enough hours in the day. We can help get a coordinated and cohesive plan into place to keep you on track for your goals. RTD can serve as your trusted advocate […]
As you transition from your working years into retirement, your financial focus shifts from accumulation to decumulation – the process of drawing down your retirement savings to cover living expenses. For us, guiding clients through this phase requires a delicate balance of maximizing income while ensuring longevity of assets. This pivotal stage demands careful planning […]
Investing and speculating are two distinct approaches to engaging in financial markets. They are differentiated primarily by their objectives, time horizons, and risk profiles. Investing is the process of allocating capital to assets such as stocks and bonds with the expectation of generating returns over the long term. This approach typically involves thorough analysis, diversification, […]
When my father passed away, I purchased a long-term care (LTC) insurance policy for my mother, then age 74. After being a snowbird for many years going back and forth between Pennsylvania and Florida, she permanently relocated to Florida at age 87. Not for long. Many of her friends died, and mom was too lonely. […]
Divorce is a life-altering event that brings about significant changes, not only emotionally but also financially. As you embark on this new chapter of your life, it’s crucial to approach your finances with care and consideration. In this blog post, we’ll explore essential financial do’s and don’ts to help you navigate the complexities of divorce […]
In the realm of estate planning, individuals are often presented with a myriad of options to ensure their assets are managed and distributed according to their wishes. One such tool that has gained significant popularity in recent years is the revocable living trust. What is a Revocable Living Trust? A revocable living trust, also known […]
Daniel Kahneman, a Nobel Prize-winning psychologist, passed away in March at the age of 90. Many investors may not be familiar with him, but he has had a profound impact on the field of behavioral finance through his pioneering research on human decision-making and cognitive biases. Kahneman, along with his collaborator Amos Tversky, introduced groundbreaking […]