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Ever think about changing your residence from California as an income tax savings strategy. With the highest rate of 13.3%, this may seem like a smart plan (particularly in retirement), but fear of being chased by California's Franchise Tax Board can be real.

There are many risks in retirement, but, with today’s market valuation, one of the biggest risks is the potential for a market correction while you are drawing income from your retirement accounts.

As much as I value the unfettered access to information the internet provides, I recognize the potential harm that too much information can cause. Take, for example, a friend of mine, who was experiencing some troubling medical symptoms. Typing her symptoms into a search engine led to an evening of research and mounting consternation. By the end of the night, the vast quantity of unfiltered information led her to conclude that something was seriously wrong.

People think hiring a financial advisor costs money, but the reality is that it is an investment. It is an investment in your future self and allows you to buy time back so you can enjoy that time on things that are truly important. When should you consider hiring an advisor? I feel there are seven critical life events where you want to lean on the support of an advisor:

Comparing market returns across the 2000s and 2010s reinforces the benefits of diversification and pursuing known drivers of higher expected returns.