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Medicare general enrollment period is happening now
Medicare Enrollment Periods can be confusing because different enrollment periods have different dates for various purposes. Currently, both the general enrollment period and the Medicare Advantage open enrollment period are happening now. If you did not enroll in Medicare when…
What is sustainable investing and should we be doing more of it?
By the end of 2019, the United States has the largest retirement plan market in the world covering 136 million participants with assets of more than $11 trillion. However, a recent report found that fewer than one-fifth of private-sector retirement…
If you need cash now, should you tap into your retirement accounts?
Life sometimes throws us a curveball. That curveball can be an unexpected financial surprise tempting you to deviate from our retirement strategy and access those funds for quick cash but should you? According to Michelle Buonincontri, a certified financial planner…
What to do if your benefits won’t provide enough income
According to the Social Security Administration, the average benefits paid to retired workers in 2021 is a little over $1,500 per month. Although the Social Security benefits usually increase yearly with cost-of-living adjustments (COLA), you will likely find that living…
If you have already exhausted the traditional ways to enhance your retirement lifestyle
We all dream of a comfortable retirement, but the average Social Security retirement benefit paid is just over $18,000 annually, which may not be enough to cover the bills. If you are looking to supplement your retirement income, and the…
Is a Charitable Remainder Trust right for you?
A “stretch” IRA was an estate planning strategy that extended the tax-deferred benefits of an IRA inherited by a non-spouse beneficiary. However, with the passage of the Setting Every Community Up for Retirement Enhancement Act of 2019 (The SECURE Act),…
What is the retirement planning opportunity zone?
What is the “retirement planning opportunity zone”? According to Dana Anspach, founder of Sensible Money, this is the period “starting with age 50 and going to age 72, where retirement and tax planning opportunities abound.” So many things are changing, like…
A few options to help boost your retirement income
Social Security was originally designed to replace approximately 40 percent of your pre-retirement income. Unfortunately, over 40 percent of Social Security recipients rely solely on their Social Security benefit for retirement income. If you are close to retiring and you…
Claiming Social Security at 65 Probably a Mistake
It’s an understandable mistake, thinking that because you’re eligible for Medicare at age 65 you should also take Social Security. But, these two programs are totally separate from each other, and enrolling in Medicare at 65 doesn’t mean that’s the…
A Lifetime Outline on Saving For Retirement
In this Today article, contributor Lauren Winn offers an outline for how to approach retirement savings in the various decades of you life – when you’re in your 20s, in your 30s & 40s, and in your 50s. In each…