Latest News
Retiring early because of the coronavirus pandemic
According to a recent paper from the University of Chicago, one of the primary reasons people who lost their jobs as a result of the virus are choosing not to look for new work is because they decided to retire…
Want to keep the IRS at bay, try a Roth IRA
We all know the tax-free contributions of a traditional IRA but do you know the tax advantages of a Roth IRA? First, Roth IRA contributions are made with after-tax dollars, so they don’t result in an immediate tax break but…
Check off these key tasks before you claim your Social Security
You can start your Social Security benefits anytime between the age 62 and 70 but you must make a decision when to claim because once you filed for benefits, the options for changing your mind are limited. In Christy Beiber’s…
Retirement and the myth about taxes
Poor planning for retirement in some cases has caused many seniors undue stress. Although, even for those who try to plan for retirement they often fall victim to one persistent myth: Taxes. Yes, many seniors assume that once they stop…
Retirement savings could be hit for years as result of pandemic
The pandemic and related fiscal stimulus is putting additional pressures on the retirement savings system according to Natixis Investment Manager’s new 2020 Global Retirement Index report. The report continues to say, with the world facing immediate issues, the long-term goal…
New approach to decumulation and retirement stability
United States is facing a retirement crisis with only 40 percent of US households approaching retirement age have zero savings, and a quarter of American seniors could not fund two years of paid home care even if they liquidated all…
Can you reverse your decision to take Social Security too early?
According to the Center for Retirement Research, the most popular age to claim Social Security is 62 for both women and men and only five percent of men and seven percent of women wait until age 70 to take benefits. …
Why it pays to overfund your HSA
Health savings account can not only save you money on taxes, but it also helps ensure that you have funds set aside to cover medical expenses. However, many HAS participants are not taking full advantage of their accounts according to…
A checklist for your unexpected retirement
The sudden and massive unemployment shook families and the economy. Some older workers experienced an unexpected early retirement catching many individuals and families off-guard. Surprise retirement is a daunting challenge but there are some key considerations to think through as…
Mistakes to avoid when you are in your 60s
You’re in your 60’s so it’s time to figure out when you want to retire or whether or not you can make it happen during this decade of your life. According to Fidelity, by the age of 67 you should…