Luckily, there are ways to maximize those benefits. Read More
Retirement Planning: Why There’s No Such Thing as a One-Size-Fits-All Retirement
If your household earns over $30,000 per year, you are going to need more than social security to keep up your lifestyle in retirement. This is why many financial advisors recommend saving enough to replace 80% or more of your pre-retirement income.
When it comes to retirement planning, most people think a one-size investment strategy fits all. Here are three reasons why retirement planning does—and should—work differently for different people. Read More
Tax Diversification: Less Taxes, More Retirement Income
Do you want to reduce your taxes and increase your savings and income for retirement? Of course you do!
6 Critical Questions to Ask Your Financial Advisor
Just having a financial planner isn’t enough.
These 6 questions to ask your financial advisor will make sure you find the right person. Read More
Should I Take My Social Security Early Because of COVID-19?
During these tumultuous times of COVID-19, many older workers are uncertain about their financial future.
Due to rising unemployment, volatile markets, and just the overall fear of COVID, questions about Social Security have come up frequently. Older workers, at least 62 years old, are beginning to consider claiming their Social Security early. In this blog post, we’ll cover the best retirement age (based on your financial goals), whether or not your social security benefits should be accessed early, and what a normal retirement looks like. Read More
Paying For Long-Term Care Insurance
Longevity and demand have made getting (and paying for) long-term care insurance increasingly difficult. But that doesn’t necessarily mean you should go without it.
Here’s how to analyze whether you really need long-term care (plus an inventive way to pay for it). Read More
Fiduciary vs. Broker…Which Do You Have?
Your money is too important to entrust to just anyone.
Let’s take a look at a fiduciary vs. broker and see how the two measure up (and which one you should trust with your money).
New RMD Rules and COVID
This massive piece of legislation was passed as a result of the COVID-19 pandemic. The legislation made significant changes that impact retirees, retirement income strategies, IRAs, income taxes, and qualified retirement plans like 401(k)s, 403(b)s, etc.
One major impact it made was in reference to Required Minimum Distributions (RMD). Read More
What Retirees Should Do Now During COVID-19
In fact, most retirees don’t plan their retirement well and are too dependent on the market. Read More
What Pre-Retirees Should Do During COVID-19
I have found that 55 is usually that arbitrary point where, depending on when you expect to retire, you’re starting to think more seriously about those post-65 years. Read More
