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Tips For Quality of Life Planning®
This material is intended for educational purposes only. You should always consult a financial, tax, or legal professional familiar with your unique circumstances before making any financial decisions. Nothing in this material constitutes a solicitation for the sale or purchase of any securities. Any mentioned rates of return are historical or hypothetical in nature and are not a guarantee of future returns. Past performance does not guarantee future performance. Future returns may be lower or higher. Investments involve risk. Investment values will fluctuate with market conditions, and security positions, when sold, may be worth less or more than their original cost. Dorval & Chorne Financial Advisors is a registered investment adviser with the SEC. Registration of an investment adviser does not imply a certain level of skill or training.
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VIDEO: What Is the 15-Year Catch-Up Contribution Rule for 403(b) Plans? | Retirement Savings Explained
Have you heard of the 15-year catch-up contribution rule for 403(b) plans? This little-known provision could allow long-term employees of schools, hospitals, churches, and other nonprofits to contribute thousands of dollars more toward retirement.
VIDEO: Retirement Planning: Then vs. Now | What’s Changed in 25 Years
Retirement planning isn’t what it used to be. Twenty-five years ago, pensions were common, people worked longer, and the financial landscape looked very different. Today, the responsibility has shifted more onto individuals, with 401(k)s, Roth accounts, and longer life expectancies changing the game.
VIDEO: Medicare Open Enrollment 2025: What You Need to Know Before December 7th
Medicare Open Enrollment is here! From October 15 – December 7, you have the opportunity to review and make changes to your Medicare coverage. Whether you’re considering switching plans, updating your prescription drug coverage, or just making sure your current plan still works for you, this video breaks down everything you need to know.
VIDEO: Financial Success for the Rest of Us Then & Now: Lessons from 20 Years of Personal Finance
Twenty years ago, Dan wrote Financial Success for the Rest of Us, a guide to navigating money, investing, and building a secure future. Now, two decades later, he’s revised the book to reflect today’s financial world and the changes are eye-opening.
VIDEO: Am I Saving Too Much for Retirement? How to Know If You’re Oversaving
Most financial advice warns about not saving enough for retirement, but what if you’re saving too much?
VIDEO: What to Know Before Hiring a Financial Advisor | Common Misconceptions & Red Flags
Thinking about hiring a financial advisor but not sure what to expect?
VIDEO: Can a terminally ill person withdraw their retirement savings without penalties?
Can you withdraw from retirement accounts if you’re diagnosed with a terminal illness? Here’s what the IRS allows—and what to watch for.
VIDEO: When to Reduce Your 401(k) Contributions | Should You Shift to Other Investments?
When should you reduce 401(k) contributions and invest elsewhere? While your 401(k) is a powerful retirement savings tool, there are times when putting too much into it might not be the smartest move for your overall financial plan.
VIDEO: Is the 4% Rule Dead? Why Bill Bengen Now Says 4.7% Is Safer for Retirement & Our Take on Guidelines
The famous 4% rule has guided retirees for over 30 years, but its creator, William Bengen, now says the safe withdrawal rate should be closer to 4.7%.
VIDEO: Do We Stop Saving If We Have Nothing to Save For? | Financial Planning Tips
If you’re debt-free, have a solid emergency fund, and still find yourself with thousands left over each month… should you stop saving?