Category Archives: Retirement Planning
Three Changes to Retirement Savings That Might Impact You in 2021
The CARES Act or the Coronavirus Aid Relief and Economic Security Act gave some significant benefits to retirement savers in 2020. However, the disappearance of these in 2021 means you may need to consider alternative planning options. The first major change has to do with required minimum distributions. In 2020, the CARES Act enabled… Read More »
What Questions Should You Ask Yourself for a Purpose Driven Retirement?
Anyone who is approaching retirement has likely had a sense of purpose their entire life. This makes it all the more important to view this transition as yet another opportunity to open this new chapter in your life with a good sense of purpose. Looking ahead to retirement is not always just about exiting… Read More »
Is it Time to Revisit Your Financial Plan?
Deciding to retire brings with it a variety of different logistical decisions that need to be made but also plenty of emotions about making this transition in your life. Concerns about your financial future and excitement for the new freedom you might face are both common feelings and many people have these at the… Read More »
Study Shows the Pandemic Has Influenced Retirement Plans
Retirement and estate planning are inextricably linked. This means that you can’t consider one without properly considering the other, and world events can certainly have an impact on your overall level of confidence in your estate planning. A recent study by the TransAmerica Center for Retirement Studies found that one out of five millennials… Read More »
Retirement Planning Beyond the Basics
There’s no doubt that the workforce is changing and as more baby boomers are reaching retirement age, this is also raising questions about how retirement is different. Traditional retirement planning might not cut it anymore, particularly if you’re not using comprehensive estate planning tools to target your goals. What is important to consider is… Read More »
Where Should Wealthy Clients Consider Retiring?
If you are currently amassing a great deal of wealth and are concerned about long term planning for your tax bill, you are better off retiring in Michigan, according to a new study. The study completed by online finance tool company SmartAsset ranked eligible states by the total amount of taxes that you might… Read More »
What’s Next on Your Retirement Planning List?
You’ve probably been intending to retire your entire life, but have you really considered your day-to-day actions and how they can contribute towards your overall retirement plan and goals? The support of an experienced estate planning lawyer is instrumental as you get closer to retirement because it is likely you will have numerous different… Read More »
Don’t Have Children? Here Are Five Tips for a Better Retirement
Looking ahead into your retirement years while not having children might give you some peace of mind because you may be able to better support yourself and your health needs. However, you could still end up an elder orphan. Roughly one third of people between the ages of 45 to 63 are currently single… Read More »
Be Prepared for Changes in Retirement
Retirement brings about many different questions, particularly what you are going to do with your time. It’s also still a good idea to think about what will happen going forward as you approach your individual relationship with your spouse and your family members. Having conversations about financial matters or how you will divide up… Read More »
You’re Close to Retirement. What Financial Planning Options Do You Have?
Retirement today is one of the most complicated subjects and also one of the most important, with a growing baby boomer population. To help determine what type of financial advice is most applicable for you, it depends on where you are on the retirement spectrum. If getting closer to retirement, it is important to… Read More »