7 Overlooked Costs of Retiring Abroad

Many couples close to retirement look to other countries for an affordable and budget-friendly lifestyle. However, other expenses related to living abroad can creep up if you don’t have a well-thought-out plan. Because each country is so different, it’s impossible to predict just how much you will need, but here are some of the over-looked  Read more ➝

Reminder: Contributing to Your IRA by April 15 Could Lower Your 2018 Tax Bill

Would you like to potentially lower your tax bill? Contribute to your IRA by April 15th for a potentially lower tax bill before you file your tax return. The contribution limit for IRAs (both traditional and Roth) for 2018 is $5,500 for any working individual under the age of 50. Those over the age of  Read more ➝

11 Retirement Planning Strategies to Jumpstart 2019

1.    Up Your Retirement Contributions The start of a new year is the perfect time to set new goals and save more. In 2019, you can contribute more than ever into your retirement accounts. Total contributions increased by $500, now totaling $19,000. If you are expecting a raise, bonus, or are able to sock away  Read more ➝

two retired men playing chess at the park

75 Retirement Tips from Petr Burunov

Ambassador Wealth representatives speak with our clients about their investment goals and retirement planning objectives on a daily basis. Each of our clients has a unique story and a diverse lifestyle—some are experts in their field, business owners, corporate executives, and entrepreneurs. Despite their individuality, they seek out our help for the same common need—to  Read more ➝

10 Things You Need to Know About the Required Beginning Date (RBDs) for IRAs

If you have an IRA, you’ve probably heard the term “required beginning date” or “RBD” many times. Everyone who owns an individual retirement account should know and fully understand this date. It’s also important for all listed beneficiaries of an IRA to know this term. Walking my clients through this process helped me to narrow  Read more ➝

roth ira

Retirement Planning: Roth IRAs vs. Traditional IRAs

When you start thinking about retirement, it’s important to carefully consider the type of IRA you choose to open. Your risk tolerance, income, and investment goals can all help to determine if a Traditional IRA, Roth or even a Self-Directed IRA is the best fit for you. We encourage everyone to speak with a fiduciary  Read more ➝

keys on a wooden table with a house keychain

Should You Pay off Your Mortgage? A Difficult Decision.

In most cases, it would be optimal to pay off your mortgage before retirement. However, we do not live in a perfect world.  Not everyone can afford to pay off this massive amount of debt. According to Fannie Mae, only 1 in 2 homeowners entering their retirement years will pay off their mortgage—within the near  Read more ➝