The Order of Investing for Firefighters
Alright, so you’re making a solid, consistent income, but you also have debt hanging around. Now you’re wondering: should you start investing or focus on wiping out that debt first? Maybe it seems logical to go all-in on paying off that debt before even thinking about investing. Or maybe you’ve heard that the earlier you […]
How Inflation Affects Your Firefighter Retirement
We’ve discussed at great length the kinds of risks firefighters face in retirement, with medical costs often being the primary concern. We also need to consider taxes, as that will be a consistent cost that you simply can’t avoid. However, there’s something else a bit more subtle that can have nearly an equal impact as […]
Is an IRA Right for Me as a Firefighter?
If you’ve ever dipped your toes into retirement planning and investing, you’ve surely come across the Individual Retirement Account, more commonly known as the IRA. If you’re unsure exactly what it is, it’s an investment account that allows you to deduct contributions from your taxable income in exchange for tax-deferred growth. Barring any non-qualifying withdrawals, […]
Investing 101 for Firefighters
Investing can be thrilling, right? Watching your favorite stock drop in value just to shoot up is like watching your favorite team come back from being way down to win the Super Bowl. However, this excitement isn’t exactly your ally, as those emotional highs and lows that come with the rise and fall of your […]
Secure Your Future with a GOALs Based Plan
Imagine you’ve been investing your savings for major milestones like buying a new home, taking the family on that dream vacation, or funding your kids’ college education. But when the time comes to use your savings, you discover they’re not as ready as you thought—maybe your assets have lost value, the taxes involved would derail […]
The Importance of Starting a Retirement Plan Today
When is the best time to start planning for retirement? After the kids are born? Buying a house? Getting married? In our professional opinion, the best time was yesterday. Because the younger you start, the more ready you will be in the event of an accident or early retirement. If you do have a long, […]