This post was last updated on December 30, 2022, to reflect all updated information and best serve your needs.
Deciding when to draw social security benefits is one of the most important decisions you will make as a retiree. Careful consideration of your specific situation and goals is a must. Don’t wait until you’re eligible to make these important decisions.
This post was last updated on December 30, 2023, to reflect all updated information and best serve your needs.
Understanding when capital gains can push you into a higher tax bracket is very important. The final step of investing success is keeping your hard-earned cash where it belongs – in your bank account!
When you start thinking about how Medicare will cover your health care needs, you should consider making one major decision. That decision will be whether you choose to enroll in federally run Original Medicare or go for a private insurance alternative.
Most people overall are satisfied with their plan of Original Medicare, besides the unpredictable out-of-pocket costs, as well as not having dental and vision care coverage. However, Private Medicare plans provide solutions to these issues and many other benefits.
One of the most expensive things for retirees to have to deal with is healthcare. Healthcare is not cheap. In fact, it seems to get more expensive every year.
Yet, in retirement, most of us are saddled with the less than 70% income we were making before retirement. So, how does one still afford healthcare in retirement?
This post was last updated on January 28, 2024, to reflect all updated information and best serve your needs.
You may have spent your whole life working towards retirement. However, as you get closer to retirement, there are so many feelings and doubts that can creep in and cause you stress. There’s no need to worry – as long as you have a plan.
This post was last updated on January 08, 2024, to reflect all updated information and best serve your needs.
Retirees who work with a financial advisor are happier and more confident – in their finances and in life. Many of us have concerns about money. So, it makes sense that getting expert help would increase happiness by reducing financial stress.
The right financial planner does so much more than just help you with a 401k rollover. A true expert takes the time to get to know you and craft a detailed, thought-out plan around your hopes and dreams. The process should center around you, not your money.
This post was last updated on December 31, 2022, to reflect all updated information and best serve your needs.
If you’re concerned about whether or not you will have enough money in retirement, you should be. Research has shown that men and women are living longer, which means we could well have a good 30 years of life left in retirement.
This post was last updated on January 18, 2024, to reflect all updated information and best serve your needs.
Proper planning is crucial to ensure a smooth transition into a fulfilling retirement lifestyle. However, it can be really intimidating when you first get started. You aren’t the first person to retire, so you can draw on the experience of others who’ve walked this path.
This post was last updated on January 08, 2024, to reflect all updated information and best serve your needs.
For some people, the “traditional” idea of retirement just doesn’t fit their lifestyle. The idea of never working again, going to the golf course every day, and just lounging around doesn’t sound very appealing. Luckily, you can craft what retirement will look like for you – even if you don’t really retire.
Medicare is an important coverage that provides security to the majority of Americans. Medicare Open Enrollment is the time when you can change your Medicare coverage for the next year, and includes Part D prescription drug coverage.
You may think that you know all about Medicare open enrollment because it happens every year. But this year is a little different from last year. Here are some ways to prepare for Medicare open enrollment for 2022 so you have a better idea of what to expect.
You weren’t expecting to retire at this time, but life has happened. Circumstances beyond your control have left you with little option other than retirement (forced or not), so you’re probably a little scared and unprepared.
Maybe it’s a medical situation, or you have to take care of a loved one, or maybe you were simply forced out/downsized. Whatever the reason, here are things you can do to help you plan for retirement when you weren’t expecting it.
You’ve probably heard the term “Consumer Confidence” before, likely reported on your local news broadcast or business channel. Maybe you’ve heard of the “Consumer Confidence Index” and wondered if those two terms were the same thing, or something different.
Either way, you’ve probably noticed that these terms are discussed quite often, and seem to matter a great deal to some people. While these terms are related, they are not exactly the same.
Real estate plays a very important role in the U.S. Economy. Even if you’re not planning to sell a home or buy a home, what happens in the housing market affects us all.
Housing is one of the biggest expenses of homeowners, and it’s also the biggest source of wealth for many Americans. If you own a home, rent a home, or require a home, this article will help you to understand why new home sales are important to the economy, even if you’re not the one buying the new home.
Below is a fantastic guest from Certified Coach, Samantha Lane. We hope you enjoy and be sure to reach out to either Samantha or me with any questions. Happy Halloween!
There can be a lot of spooky things when change is on the horizon. Rather than goblins, mummies, or ghosts looming around the corner, it’s often anxiety, perfectionism, and despair rearing their ugly heads.
As our economy seems to be coming out of a dark economic era, it’s important to know what lies ahead. As a consumer, you want to know if you can trust the perception and what appears to be true. Is the economy back on the rise?
And how can we know for sure? One thing we can do is be more mindful of consumer sentiment. But ,what is consumer sentiment, and how is it measured?
Ever wish you could look into the future to get a glimpse of what certain markets will look like five or 10 years from now? This is especially helpful if we’re working on a financial plan or plan to invest money in up-and-coming new markets.
If only we could know what the state of the economy will be before it actually happens. You can know more with the leading economic indicators. This article will answer what are the leading economic indicators, and how to use them.
Most of us like to know the length of time it will take our investment to grow. We want all the numbers: estimates, figures, how old we will be when it’s doubled, etc. Some things in life are just hard to know because there are no guarantees.
But with the Rule of 72, you always know the number of years it takes to double an investment. The Rule of 72 will tell you a lot about the money you invest. Thanks to the Rule of 72, the table below tells us how many years it will take an initial $10,000 investment to double, depending on the rate of return.
Roth IRAs are one of the most fruitful investment accounts for people trying to develop a healthy nest egg. Among their numerous benefits, the tax-free growth and retirement distributions with Roth IRAs can set you up for maximum retirement earnings.
Unfortunately, high-income earners are generally barred from taking advantage of a Roth IRA. In 2020, single earners with an annual income exceeding $139,000 were limited to a traditional IRA only.
Not everyone wants to spend the next 30 years paying a mortgage. Most of us want the wprivilege that comes with homeownership but feel it’s a lot to have to carry for so long.
Wouldn’t it be great to be a homeowner and not have to carry the burden of a 30-year mortgage for, well, 30 years? What if you’re pretty close to retirement but still foresee a lengthy mortgage payment in your future?
Student loan debt in the United States is over one trillion dollars and growing. Millions of people are carrying the burden of student loans. Many still can’t see the light at the end of the tunnel when it comes to paying them off.
Paying off your student loans can be difficult. With high interest rates and different rules than other types of loans, student loans are a tricky business. For those that want to be done with them at last, we have some great tips for paying off your student loans in less than five years.
