Blog Posts

By Jessica Kmetty

Did you know that the Internal Revenue Service requires most employers to restate their retirement plan documents every 6 years? This helps ensure that retirement plans are operating under the most recent laws governing plans and all regulations are being met. Even though Searcy Financial manages retirement plans for other businesses, we also have to restate our own company plan. Our plan came up for restatement this year so we are sharing some best practice guidelines we follow or suggest during a restatement period.

Are You Mentally Prepared for Retirement? How to Thrive Before and After the Transition

Retirement is about much more than money. It’s also about finding a new path in life and a new identity as a retiree.

For most investors, retirement is their primary financial goal. As financial professionals, we help our clients chart a course to get them to retirement. We work together with our clients to answer financial questions like: When can I afford to retire? How much money will I need to live comfortably? Surveys show that many Americans are woefully unprepared for retirement and financial worries can make the retirement transition stressful. Fortunately, working with a professional can help ensure that you enter retirement with confidence in your financial future.

If you’re like many Americans, you might be worried about how to prepare for your own or your loved ones’ long-term healthcare needs. In previous generations, elderly parents and grandparents could count on moving in with relatives when they became unable to live alone. However, today’s family dynamics have changed and many Americans are reluctant to burden their families with caregiving duties.

Financial Lessons from the Mall: Teaching Your Teens About Credit

By Jessica Kmetty

I was in Kohl’s the other day with two of my sons with the intent to only purchase a few articles of clothing for my daughter, but they happened to be having some great sales so we ended up purchasing quite a few clothing items for each of my children.

Financial Lessons from Shark Tank and Uber: Teaching Your Teens (and Maybe Yourself) About Business

By Michael J. Searcy

All the time, I hear people say, “I just don’t understand all that business stuff” and “I’m no good at business, how am I qualified to teach my children about it?” I tell them the answer could be as simple as watching some television, reading and just plain observing your surroundings. If you become more aware of business around you, you should start noticing trends and asking more questions. This is helpful for teenagers, young adults, and yourself to start THINKING about business. I am not talking about accounting statements, banking or business structure here, just a practical understanding of how things work.