Category Archives: Retirement Planning
Your Girlfriend from the 1980s is Grateful for Your Million Dollars
It is no secret that a lot of people in America are living alone and while many have been in one or more serious relationships those never culminated in marriage. Meanwhile, these people accumulate assets but often don’t pay enough attention to what will become of them if the Grim Reaper comes for an… Read More »
Why Is Planning Ahead For Minimizing Taxes So Important In Retirement?
Taxes are one of the most certain things in life, but they often catch many retirees off guard. Planning now for potential tax consequences in the future will help not just you, but also when you establish your estate planning strategies for passing on assets to your loved one. Too many seniors enter their… Read More »
Americans Are Retiring Later In Life. What Does This Mean For You?
Research shows that Americans are now retiring as many as four years later in their life than they did when compared to 30 years ago. Gallup, the Center for Retirement Research and the American Enterprise Institute have all conducted research studies to find the average retirement age. Deciding the right age to retire is… Read More »
How To Protect Your Retirement Funds From Too Much Inflation
Many people are feeling the day to day impacts of significant inflation and it’s important to look ahead for any way you can possibly minimize these impacts in the future. You may be relying on your retirement for 20 or 30 years or longer, so having strategies that allow you to accumulate as much… Read More »
What Does Contingent Beneficiary Mean on My Retirement Form?
You must designate individual beneficiaries for your retirement plans at the time you establish these accounts as well as on an ongoing basis if the needs of your life change. The easiest way to think about this is that your primary beneficiary might be the one person that you choose to receive assets from… Read More »
Study Shows Retirement Targets Have Shifted
The COVID-19 pandemic presented a unique set of challenges for financial and retirement planning and now investors are looking ahead to the future with different priorities. A recent research study from Northwestern Mutual shows that over one third of Americans have pushed back or moved up their target retirement age directly as a result… Read More »
Study Shows Women Are Rarely Involved in Couples’ Retirement Planning
When you and your partner are thinking about your future together in retirement, have you had conversations to get on the same page about your savings and expense strategies? Retirement is a lifestyle adjustment, especially when you’ve been used to working regularly and relying on that consistent income to pay your expenses. When saving… Read More »
Can a Charitable Remainder Trust Be Used to Generate Income in Retirement?
What if you were able to accomplish multiple goals in creating a trust at once, such as avoiding capital gains taxes, selling a highly appreciated asset and creating a steady stream of retirement income for your loved ones? These are just a few of the most common pros of choosing a charitable remainder trust…. Read More »
Study Shows More Americans Want to Retire Early
Have you thought about your intended retirement target age? For most people, turning 65 means leaving the workforce at least in a full time role, but that has been shifting over recent decades as more people stay longer in their positions for financial reasons or just not wanting to leave the workforce. But a… Read More »
Three Tips to Maintain Your Savings in Retirement
Approaching retirement means thinking about your finances and your working life differently. For plenty of soon-to-be American retirees, it’s just as important for them to protect their savings as it is to have a good plan for spending it during their retirement years. There are many different risks that can impact retirement plans today,… Read More »