Articles
Retirement Income – The Buckets of Money Strategy
“Buckets of money” has a nice ring to it, doesn’t it? It may sound like wishing to win the lottery, but it is a serious strategy for managing your retirement income. With this strategy, you segment your retirement investment money designed for lifetime income into buckets of time, let’s say 5-year increments. So, instead of…
Read MoreRetirement Income: Dividends & Interest
When it comes to retirement income, most people like to imagine having so much money that they can just live on dividends and interest. The reality is that most people will never have enough money to simply live off dividends and interest in retirement. Several factors make dividends and interest income in retirement a challenge:…
Read MoreA Simple Guide to Systematic Withdrawal Plans
Traditionally, there are four pillars to retirement planning: Interest, Dividends, Capital Gains, and Principal. In this series of retirement income articles, we want to explore the best way to balance these pillars. In this article, we’re going to take a closer look at how systematic withdrawal plans (SWPs) work and some pros and cons to…
Read MoreWhat Do We Do?
We have been in business as Uncommon Wealth Partners for 3 years and still, to this day, we get asked, “What is it that you do, exactly?” This is a compliment to us as well as an opportunity to explain what we do and how we do it. Why is it a compliment? To us,…
Read MoreTaking Ownership
All too often, it is easy to fall victim to your circumstances and not take ownership of your decisions in life. I think the reason we avoid ownership is that it feels better to have someone else take the blame instead of taking a good, hard look at yourself and owning up to how you…
Read MoreHug Your Customers
Customer service today is paramount and creating value in new ways is the last frontier in differentiation between most businesses. The book, Hug Your Customers is the answer you’ve been looking for when it comes to differentiation. It’s the whole point of this book – that as competition and digitization increase, connection with your customers…
Read More7 steps to starting a nonprofit organization
When one of our principals got invited to sit on the board of the Fletcher Foundation, they were so honored and excited. They were there early on, so they got to see and be a part of starting a nonprofit organization. Don’t get us wrong, there are challenges, but if your deep passion meets the…
Read MoreRetirement Income: Flooring and Income Guarantees
There are many ways to structure retirement income. Some come with more risk and uncertainty than others. So, what if you are very risk-averse? What are your options for retirement income? One strategy that is popular (especially with the broker collecting the fees) is flooring and income guarantees. But understand, it can be an expensive…
Read MoreInflation – The Silent Killer
See no evil, hear no evil. One of the biggest threats to retirement income is inflation, largely for two reasons: It’s not something that registers in your mind year after year Nobody talks about it So if you don’t think about it or talk about it, it’s not really there, right? Nope, that is definitely…
Read MoreTraditional IRA vs Roth
Traditional and Roth. These are the two main types of IRAs that you can open or facilitate via rollovers and transfers. Let’s take a look at what they do and which might be the best choice for you. Individual Retirement Accounts are an outgrowth of the Employee Retirement Income Security Act (ERISA) of 1974. As…
Read MoreCharitable Giving from An IRA: Why it’s time for you to consider it
You regularly give to your church and when a hurricane or other natural disaster relief is needed, you step up. You have a few local charities you give to every year. And up until a few years ago, you could also deduct most of your charitable giving from your gross income at tax time. Most…
Read MoreTransfers vs Rollovers – What’s the difference?
In our business, like any other, there are lots of industry-specific words and jargon. So part of our job is to help explain this kind of insider lingo. Two such terms that pertain to IRAs and other retirement accounts are Transfer and Rollover. The difference between the two is a big deal. So, let’s examine…
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