Blog
Interested in buffing up on your Financial Planning and Retirement Planning Knowledge? Look no further. With our selection of articles you can educate yourself on a number of topics from social security to tax hurdles in retirement and much more!
Retirement Planning 101: What You Need to Know About Taxes
It’s never too early to start saving for retirement. But it can be intimidating when you don’t know where to start. One important factor to consider is taxes. There are a number of different tax implications associated with...
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How Does Inflation Impact Retirement Planning?
Inflation rates are one of the most important economic indicators. Inflation is a measure of how much prices rise over time, and it has a significant impact on everyone’s lives – especially those who are retired or about to...
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Get Ready for 2023: Tips to Prepare Your Retirement Portfolio
Times are tough right now. But if you’re like most retirees, you’re looking ahead and preparing for the future. Investing in 2023 is one of the best ways to ensure that your retirement savings will be secure in years to...
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What Is Suspending Social Security Benefits
Suspending Social Security benefits is a process by which an individual can voluntarily stop receiving benefits for a while. The suspension can last up to four years, and the individual's benefits will not accrue. However, once the...
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Don't Forget to Account for All RMDs (Required Minimum Distributions)
In today's World, an ever-increasing number of individuals are turning to Individual Retirement Accounts (IRAs) as a primary retirement savings vehicle. The main reason is the flexibility and tax advantages that IRAs offer. There are a...
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What To Expect in 2023 for the Cost-of-Living Adjustment
The COLA is a Cost-of-Living Adjustment for Social Security beneficiaries. It's also known as the raise, which helps offset rising living costs so that beneficiaries don't experience a decline in their standard of living. Seniors spend...
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What is a Revocable Living Trust?
A Revocable Living Trust is a document that specifies how you want your property to be distributed after your death. It's also called an "inter vivos" trust because it's created while you're still alive and living, so it can be changed...
Read MoreThe Good and Bad of Retiring Early
When it comes to retiring early, some of the benefits are obvious. You get to live your life without the constraints of work, and you can pursue your own interests. But there are other good reasons for retiring early, and there are...
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Planning to Work Past Your Retirement Age?
Longevity and the RetireeAccording to The Centers for Disease Control and Prevention, almost 75,000 Americans are centenarians, that is, they are more than 100 years old, and this aging demographic is having a dramatic impact on the...
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Top 7 Life Insurance Myths Surrounding Retirement Planning
Life insurance myths are some of the most persistent misleading misinformation affecting people planning retirement. These analytics are commonly severely lacking in adequate research to back up popular perceptions. Consequentially, a...
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Are There Different Sources of Income for my Retirement?
Retirement income is a topic that must be carefully discussed with your financial advisor to determine the best possible route for you. There are many sources of retirement income, and some work better for you than others. Having...
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Retirement Budgeting During Inflation
As people get older, they often begin to think more about retirement. For many, this is a time to relax and enjoy the fruits of their labor finally. However, retirees must be mindful of their finances, especially during inflation. With...
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Planning to Work Past Your Retirement Age?
Longevity and the RetireeAlmost 75,000 Americans are centenarians, that is, they are more than 100 years old, according to The Centers for Disease Control and Prevention, and this aging demographic is having a dramatic impact on the...
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Ways to a Happy Retirement
For a happy retirement, you need to have an income that will sustain the lifestyle you want. If you're getting a pension from work or someone else's work like your spouse, then congratulations - you're all set! But if not, it can be...
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Has Covid - 19 Affected Americans’ Retirement?
It's been just a few months since Covid-19, the novel coronavirus, made its debut on the world stage and sent shockwaves through economies and societies around the world. One of the most immediate concerns has been how the outbreak...
Read MoreShould I Pay Off My Mortgage?
It's common advice for retirees to keep their home mortgage as a lien against their property and use their life savings to pay for their living expenses in retirement. That's because home equity has been one of the best investments for...
Read MoreRetirement Income and Your 401K: New Ways to Create Retirement Income and Make Your 401K Pay Off Lik
Are you worried about your retirement income? You're not alone. Many people are concerned that they won't have enough money to live on in retirement. One way to help ensure a comfortable retirement is to ensure your 401k is working for...
Read MoreDon't Worry if You Aren't Ready for Retirement
Don't worry too much about the retirement age, retirement benefits, and the ways to save for that special day when it all ends. The great news is you don't have to be ready to retire to enjoy life as long as you can live a healthy...
Read MoreSocial Security Benefits While Working
Social Security benefits are available to most people who work in the United States. Social Security retirement, disability and dependents benefits are available to workers who have paid into the system — but only if you're...
Read MoreAre There Downsides to Retirement?
No one ever tells you the downsides to retirement. When you're working, your friends and family members are always asking, "When are you going to retire?" They paint a rosy picture of retirees spending their days on the golf course or...
Read MoreHow Much Will you Really Spend in Retirement? 10 factors to consider
How much money will you need to have saved for retirement? This is a question that many people are asking these days. The answer is not always easy to determine, as many factors need to be considered. In this article, we will discuss...
Read MoreWhat is the SECURE Act?
Based on the U.S. Bureau of Labor Statistics, only 55% of civilian adults take part in workplace retirement plans. Even those who invest fall short of the recommended percentage of their yearly earnings. Wealth management Vanguard data...
Read MoreWhat Are I Bonds and How Do I Buy Them?
I bonds are a form of U.S. savings bond meant to protect the value of an investor’s money from inflation. The U.S. Treasury issued them to safeguard your money from losing value. The interest rates for I bonds are regularly...
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Retirement Planning & Holiday Spending
You've spent the better part of your working years planning for your comfortable retirement. As you celebrated your last official day of work, you already had a pretty good idea of the value of your financial investment portfolio and...
Read MoreTax Time Guide. IRS has made some changes!
Internal Revenue Service has come with an initiative to assist elderly taxpayers. Tax Counseling for the Elderly (TCE) would feature individuals of 60 years and above only. There have been Cooperative agreements between IRS and...
Read MoreAre There Tax Breaks for Different Generations?
Getting older has its nuisances as your health starts to decline, eyesight and hearing can deteriorate, you start having aches and pains in unexpected body parts. However, it does have its perks. Some of those benefits are in the form...
Read MoreBudget For Retirement Travel
For many people, the dream of traveling in retirement is strong. You may want to plan trips to see your adult kids and grandkids a few times per year, and you likewise may have bucket list trips in mind. Because you do not have a job...
Read MoreIt's Not Too Late For Retirement Resolutions
At the beginning of each New Year, individuals commonly take stock of various aspects of their lives. One of the frequently reviewed primary areas is personal finance. If you are thinking about retiring within the next few years or...
Read More10 Reasons You'll Love Being Retired
If you are like many people, you are probably looking forward to the time when you can retire. It marks the end of an era and serves as a reward for all the hard work you have done over the years. Retirement is a time you can truly...
Read MoreMedical Debt and Your Retirement
How To Get Rid Of Your Accumulated Medical Debt In A Few Easy Steps Retirement planning and medical debt often go hand-in-hand. We try our best to save up money to use during our golden years. A nice little nest egg when we turn 65 and...
Read MoreScared About Retirement? Here is What You Need To Keep In Mind
When a person thinks of retirement, they have a thousand things running through their mind. They are often met with a mix of emotions about the situation that they are going to be in. One one hand, retiring means that you get to sit...
Read MoreWhat You Should Know If Retiring Soon
Retiring is a special time for any individual. It's when you get to relax, be with family and friends, or pursue a hobby you were always interested in but just never had the time to. Of course, as you approach this last stretch of your...
Read MoreOlder Americans May Be in a Better Position to Pursue Their Dream Job
When you think of a dream job, you might envision a venture that individuals pursue when they are younger. For example, many college students are asked about their dream job. However, as an older adult, you have the opportunity to...
Read MoreWhat is the State of Retirement in America?
The coming retirement tidal wave of the Baby Boomer generation is a cause for concern. There are many folks who have long dreamed of a leisurely retirement, but have either struggled to save or not prepared fully to fund their life...
Read MoreFinancial Myths to Stress-Free Retirement
Many people often get misleading information about financial planning for their retirement. It is imperative to learn about effective financial planning to avoid making mistakes that can lead to financial instability in the future. If...
Read MoreThe Benefits of Having a Schedule in Retirement
In the retirement years of life, many people are often freed from the obligations that they had when they were working. This can be a highly valuable time in one's life, and yet it is often not treated as such. There are many benefits...
Read MoreHow to Better Ensure Your Retirement Nest Egg Lasts
No matter how much you have saved, it's important to remember that your returns will always vary. Instead of planning on regular returns each year, consider planning for volatility by varying what you withdraw and when. Be Ready to...
Read MoreRetirement Planning By the Numbers
Building a strong financial foundation for your future has probably been on your radar for a while. However, for many workers, the end of organized or paid employment can be rather amorphous. If your last day in the office is close...
Read MoreHow to Know if Your Retirement Savings Are on Track
The idea of running low on money in retirement is quite terrifying for many of us. Making sure that our funds will not only fulfill our needs but also make life a bit better for those we leave behind is worth the worry, as long as we...
Read MoreAfter One Year of Covid-19, America’s Retirement Crisis Is Little Changed
While the Covid-19 pandemic ended millions of jobs, many Americans still saved toward retirement. Yet there's still a major retirement crisis in the United States today as half of Americans do not have enough savings to maintain their...
Read MoreDo you have enough planned if you live to 100?
We are living at a progressive and prosperous time in history. Significant economic, technological, and medical advancements have been made, and it's only getting better. So it goes without saying that living a long, robust, and...
Read MoreWill Your Retirement Income Be Enough?
If you are concerned about having sufficient financial resources after you retire, read on. We will discuss how to ensure a comfortable life during this phase of life. Future Expenses: How Much Will You Need? First and foremost, you...
Read MoreI Am Over 50, What Should I Do To Plan For Retirement?
Your 50th birthday is a big milestone in your life, and once you’re past it, you need to ramp up your retirement planning. Hopefully, you’ve been doing at least some saving and building up a nest egg, even if you...
Read MoreWhat does retirement look like in 2021?
Whether you planned to retire in 2021 or are heading into retirement due to other pressures, there are steps that you can take before you leave your full-time job. For example, you may need to decide what to do with your 401(k), how to...
Read MoreAre You Ready For 7 Saturdays In Retirement? You Spend More In Retirement.
One of the most significant problems with most people’s retirement plans is that they do not account for changes in spending levels over the years. Most people with an intelligent plan will take into account inflationary...
Read MoreAre You Thinking of Upsizing Your Home in Retirement?
The 2020 pandemic has taught many of us that being self-sufficient is the best way to stay healthy. This means that you need to be able to work, work out, eat well and be entertained all in one space. Upsizing your home is one way to...
Read MoreHow Do You Know You Are Ready To Retire?
It's impossible to know when you're ready to retire. Few individuals choose to retire at a certain age, such as 60 or 65, and others set a financial target, like $1 million in a pension plan. Some indicators and milestones may indicate...
Read MoreWill You Have Multiple Sources of Income In Retirement?
When it comes to planning a more comfortable and secure retirement, a robust and well-balanced investment portfolio is never an asset that should be taken lightly. Relying solely on federal-assistance programs and pension plans in...
Read MoreLife Insurance - It's Not For You, It's For Them!
Life insurance is one of those things that many people prefer to avoid thinking about because it often conjures up dark images. While we all know that our end will come, it may be difficult to realistically imagine that time. Many...
Read MoreHow to Reduce the Risk of Outliving Your Money
Americans are living nearly as long as ever. With a life expectancy of 78.4 years, there is good reason for any American to believe they will need to save for a long post-retirement life. However, this begs the question: How can you...
Read MoreLong-Term Care
Millions of people in the U.S. are unable to care for themselves and need long-term care services. Some people may need assistance in performing one or more self-care activities such as dressing, bathing and sometimes, walking, while...
Read MoreThe Good and Bad of Retiring Early
When it comes to retiring early, some of the benefits are obvious. You get to live your life without the constraints of work, and you are able to pursue your own interests. But there are other good reasons for retiring early, and there...
Read MoreRetirement Should not Scare Women
While it’s true that generalizations do not necessarily reflect the individual circumstances and therefore have limited value, there are fact-based reasons why the average woman faces greater hurdles than the average man does in...
Read MoreLadies, Should You Leave Financial Decisions To Your Spouse?
Are your finances currently controlled by one person? It is rare for both parties in a marriage to handle the finances together. In an overwhelming number of cases, the wife leaves the husband to handle all financial issues. This may...
Read MoreWhat To Know Before Moving Homes In Retirement
In the past year, many have spent more time in their homes than ever before. This has gotten some thinking about moving or a second home. Building your dream home for retirement is not an uncommon goal many Americans have. However,...
Read MoreBaby Boomers Bomb This Question
With all of the day to day demands on your finances, sometimes it is difficult to have a strong grasp on what your overall financial picture really looks like. While many people may be very in tune with one segment of their financial...
Read MoreAvoid Getting Scammed This Tax Season
Tax season is once again in full swing. While many concerned taxpayers file tax returns to meet the required deadline, criminals work harder to cash in and take advantage of the hectic tax season. Tax fraud remains a growing concern...
Read MoreBe Ready For the Next Market Correction
Many retirement investors have a considerable percentage of their investment in stocks and this has generally served them well. Stocks have recently been on a roll - indeed booming – at or near all-time highs. Some pundits think...
Read MoreYou Still Have Time For Retirement Resolutions
A few weeks into a New Year and many think about various aspects of their lives. One of the primary areas that is commonly reviewed is personal finance. If you are thinking about retiring within the next few years or longer, you may...
Read MoreAdding Stepchildren to Your Estate Plan
As we look ahead to a new year, we think of our goals and priorities. Some of these goals can involve getting an Estate Plan together. If you want to leave part of your estate to your stepchildren, you are required to specify that in...
Read MoreHow Inflation Eats Away at Your Retirement Income
Inflation is something most Americans probably don't think about much, but it has a significant influence on their financial lives. Not only does inflation affect the prices of consumer goods, but the federal government also uses it as...
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