The Best States to Retire In
The Best States to Retire In Oftentimes when considering retirement, we think about when and how we’re going to retire but just as important is the question of where we’re going to retire! From tax rates and affordability to community and quality of life, there are a variety of factors for you to consider when […]
Pension Payment Plan: Annuity or Lump-Sum?
Pension Payment Plan: Annuity or Lump-Sum? Some employees are fortunate enough to have a defined benefit pension plan offered through their employer. However, they will have to decide between electing to take their benefit as a monthly pension over their lifetime or a lump sum payout upon retirement. There is typically also a joint annuity […]
Things to Do During Retirement
Things to Do During Retirement The sudden shift from working five days a week to free time post-retirement can be overwhelming. Changing from your 9 to 5 routine can be both fun and challenging. Luckily, there are so many activities and things to do during retirement years for you to try, whether alone, with your […]
5 Tips for Traveling After Retirement
5 Tips for Traveling After Retirement After working hard your entire life, it can be both exciting and intimidating to have so many places to travel to and the time to do so! From road trips with your grandkids to journeys across the globe, there are so many ways to explore new places. It’s your […]
Retiring During a Volatile Market
Retiring During a Volatile Market Retiring during a period of high market volatility can be scary. This is exactly the situation many recent retirees are facing now as the stock and bond markets respond to high inflation, rising interest rates, Fed tightening, and the Russia/Ukraine war. At the time of this writing, the S&P 500 […]
How To Avoid Online Scams
How to Avoid Online Scams As America ages, we are seeing a significant rise in fraudulent financial exploitation or financial abuse against the older generation. Criminals have discovered that the elderly are a particularly productive path to easy ill-gotten gains. Some research sources estimate that these crimes defraud victims of an annual loss of more […]
Working in Retirement: Pros, Cons and The Effect on Your Savings and RMDs
Working in Retirement: Pros, Cons and the Effect on Your Savings and RMDs Working during retirement has become more common. A study conducted by United Income found that the number of “retirement-age” Americans has doubled since 1985, and that 20% of people aged 65 and older are either working or looking for work. Many older […]
Understanding The Difference Between Tax-Deferred, Taxable and Retirement/Savings Plan Accounts
Understanding The Difference Between Tax-Deferred, Taxable and Retirement/Savings Plan Accounts When faced with the array of accounts for retirement savings, it is important to understand the differences between (1) tax-deferred accounts, (2) taxable accounts, and (3) retirement and savings plans which offer tax advantages. For your situation, the ideal tax-optimization strategy may be to maximize […]
Understanding Medicare Costs – Key Factors to Consider
Understanding Medicare Costs – Key Factors to Consider If you’re thinking about retirement, you may have wondered how much Medicare will cost and how far it will go to cover your healthcare costs. Many people underestimate the costs of Medicare and overestimate what would be included in your coverage. Healthcare costs often increase as you […]
The Impact Spending Can have on Your Retirement
The Impact Spending Can have on Your Retirement Common financial advice about retiring often focuses on how much we should be saving in order to live comfortably once we stop working. You may have heard tips about how to save extra money for retirement, such as sticking to a budget, delaying impulse purchases and logging your spending. Saving is […]
