retirement planning
Are you ready for retirement ?
You envision your retirement as endless golf games, pickleball, and traveling, but are you prepared financially for retirement? Nowadays, retirement could last 20 to 30 years; have you planned for your money to last this long? How do you know…
A successful retirement involves consistent behavior
What makes a successful retirement? Is there a magic number that we all need to have saved before retiring? Or is my dream of a rewarding retirement just that, a dream? Financial expert Dave Ramsey says, “It doesn’t have to…
Why Retirement Planning is Important
With a growing number of Americans suggesting that our country is facing a “retirement crisis,” and specifically with younger workers expressing fears about financial security in their “golden years,” the general subject of financial planning for post-career living presents a…
2024 Election Cycle Stoking Apprehension Among Those Planning for Retirement
As is true in most planning scenarios–and most definitely in financial planning exercises like those associated with eventual retirement–the unknowns are the factors that make any plan, well, just a plan. And when you talk about unknowns, this famous quote…
Dealing With the Longevity of Your Retirement Resources
It’s something that concerns many (perhaps most) retirees…Will I outlive my retirement resources? For many, it will become a real concern as they evolve through their retirement years, so it becomes increasingly important for them to watch for signs that…
SECURE 2.0 Drafting Error Could Cause a Change in Retirement Planning
A drafting error baked into the SECURE 2.0 act passed by Congress and signed into law last December would, if not corrected, have an effect on those planning on making catch-up contributions in their employer-sponsored retirement accounts in 2024. Specifically,…
Exploring the Relationship Between Social Security and Your Retirement Savings Plan
One of the more perplexing questions many people face relates to the issue of how much of a retirement nest egg they’ll need for those “golden years.” Is it a million dollars? Two million? Multiples of your final salary? And…
Thoughts on Retirement…From The Mouths of Those Who’ve Done It
Experience-based accounts are usually the best guidelines for someone interested in learning about what’s ahead. And when it comes to the scary world of retirement, all the preliminary planning espoused in the media often takes a backseat to those who…
Retirement Planning: Be Aware of How Benefits Are Taxed
It often comes as a surprise to the newly retired to find out that a significant portion of their Social Security benefits are subject to federal income tax. And if their cash flow planning has not taken that into account,…
The need to continuously evaluate your retirement planning
Congratulations, you are retired. No more working, planning, and saving for this day, but should you stop? Remember, retirement can last two or three decades, so it is even more important to continuously evaluate how your retirement income is working…