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 […]
Examining the Roth IRA
Examining the Roth IRA When planning for retirement, you have several options to consider when deciding which type of retirement account to fund. You may have the option of contributing to a defined contribution plan through an employer that includes a 401(k), and for those who do not have that option, an Individual Retirement Account […]
Planning for Retirement in Each Decade
Planning for Retirement in Each Decade Many people do not seriously consider planning for retirement until later in their careers, but it really is a topic everyone should begin tackling as early as possible. Everyone’s situation is unique, and for many, retirement will last 30 years or more and will make up a significant portion […]
