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5-Year Retirement Countdown Checklist

Are you within 5 years of retiring? If so, here is a quick checklist for you to reference on what you should be doing five, four, three, two and one year before retirement. Let the countdown begin!

Ready, Set, Retire! - Parsec Financial - Retirement Planning

Ready, Set, Retire!

Are you getting close to retirement age?  Have you started daydreaming about long, lazy days in the sun without a hectic schedule filling every minute?  Then perhaps it’s time to do something about that wishful thinking and take some concrete action to make a smooth transition to retired life.

On Retirement - Parsec Financial

Turning 65, Reflecting Back and Planning Ahead

Turning 65 made me think about financial security, or perhaps to think about it differently than I did at 45. My perspective on what exactly financial security is has evolved over the years.

Ready, Set, Retire! - Parsec Financial - Retirement Planning

Roth vs. Traditional 401(k)

The differences between Roth and Traditional 401(k) extends beyond 401(k)s. To truly understand the benefits and differences, one should also consider Roth and Traditional IRAs.

The Day After Retirement

Sr. Financial Advisor Neal Nolan ponders what the first day of retirement might feel like and offers advice to those making the leap.

What Are RMDs and QCDs?

I joined Parsec last November, and one of the big workstreams underway was Parsec advisors working with their clients on their required minimum distributions (RMDs) since the CARES Act waived 2020 RMDs for all IRAs (including inherited IRAs) and tax deferred accounts (SEP IRAs, SIMPLE IRAs, 401k, 403b and Government 457b plans). Should clients defer

Small-Business Succession Planning Guide

It is easy for a business owner to view the value of his or her business subjectively close to the point of sale because of the owner’s interconnected feelings and experiences with the business. This close association can breed significant biases within the owner, which may affect negotiations to sell the business. The valuation, terms of the transaction, employees and ongoing reputation of the business are some of the areas where a biased seller can struggle with letting go and entering a new phase of being a former owner.

Roth or Traditional IRA? - Parsec Financial

IRA Contribution Rules

The maximum individual retirement account contribution for 2021 is $6,000 ($7,000 if aged 50 and over). The question of choosing between a Traditional IRA and Roth IRA largely comes down to when it’s most opportunistic for you to pay taxes. A Traditional IRA is a great option if you’re in your mid-to-late career and in

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