Gone are the days when most people retired at 65, received a gold watch, then lived off their pension and full Social Security benefits. But 65 is still an important age financially for retirees and near retirees – both in terms of what you get and what you don’t get. It’s essential to know the …
5 Things You Need To Know About Finances When Turning 65 Read More »
Just about everyone who is still slaving away at the office shares the very same goal as those who have long left the workplace: a happy retirement. How to get there? A happy retirement means many things to many different people. Even then, there are 10 habits that can certainly help make retirement more gratifying. …
During your working years, your largest income stream is generally from employment. When you retire, however, your income will likely need to come from a variety of sources, such as retirement accounts, after-tax investments, Social Security, pensions or even continued part-time work. For those looking to create a retirement income stream, there are a variety …
Seniors should exercise for at least 30 minutes a day, five days a week, according to the National Institutes of Health.1 But if hitting the gym every day does not fit your vision of a satisfying retirement, you can meet this guideline by sticking to the physical activities you enjoy. Here are some of the …
The death of a spouse is one of the most difficult things imaginable. Besides the emotional toll, surviving spouses typically confront financial issues, which often trigger tax-related questions and consequences. Some of them are fairly straightforward, while others can be tricky. Siding with caution, it is recommended to reassess finances from a tax perspective. The …
When it comes to retirement, expectations and reality may collide, resulting in what might seem unthinkable – sudden retirement. Unexpected retirement can throw a wrench in the best-laid plans, or worse, force a need for fast planning if none exists. While Americans anticipate, on average, to retire at age 66, the average retirement age is …
Forced Retirement – Tips To Help You Bounce Back Read More »
After saving money in a 401(k) or IRA for decades, the last thing you need is a stock market downturn at the start of your golden years. Market selloffs are always painful, but they pose a greater risk when they occur early in retirement, when you’re no longer earning a paycheck and are withdrawing money …
If you’re putting together an estate plan, you have no doubt heard about the benefits of a living trust. Assets placed in a trust won’t go through probate, a time-consuming and potentially costly process. In addition, a living trust, also known as a revocable trust, allows you to designate a trustee to help manage your …
Inflation has soared over the past year. Some think the new infrastructure legislation will add to inflation, and interest rates are set to rise through 2022. These are the three I’s causing particular concern among retirees and those who are nearing retirement. What kind of impact could inflation, infrastructure, and interest rates have on their …
It’s difficult to think about what may happen if your health starts to decline – or how your loved ones will carry on after your death. But doing nothing to plan for these events could result in losing control over your affairs while you’re still alive, and undesired confusion and anger after you’re gone. You …
Estate Planning Checklist: What To Do Now While You’re Still Well Read More »
