savings
Determining your retirement savings needs
Some leading retirement experts have said that two million dollars is generally enough to retire comfortably. But do you really need that much saved for retirement? Everyone’s idea of retirement is different, so should their retirement savings; however, there are…
National HSA day
Although Health Savings Accounts (HSAs) are not officially recognized as retirement savings accounts, they can be used to supplement retirement savings in various ways. In honor of National HSA Day, October 15th, the Plan Sponsor Council of America (PSCA) has…
Bring your retirement strategy up to speed
The only thing constant is change – Heraclitus. That can also be said about retirement planning. The world is evolving, so should your retirement strategies. The same old strategies that served our parents simply do not apply in today’s economy.…
A shifting retirement landscape
The recently released Vanguard Retirement Outlook analysis found that “if all workers had access to a defined contribution plan, retirement readiness would rise to 61 percent.” However, the U.S. retirement system has undergone a structural shift where defined benefit plans…
Claim Social Security at age 62? Or 67?
Deciding when to claim your Social Security benefits is often a confusing choice, which tends to make many just claim as soon as they become eligible at age 62. But what do you forfeit by claiming at age 62, versus…
Retirement planning isn’t just about the numbers!
Advice from financial experts seems to be quite plentiful on the internet, offering techniques to earnestly save so that you can retire in comfort. Such factors as “having ten times your salary,” and the so-called “4% rule” are two of…
The High Cost of Healthcare!!!
We all know that healthcare costs rise over time, especially as we age. So the news that higher Medicare premiums, deductibles, and surcharges are expected to go up over the next decade is hardly new news. But what may be…
Will I Get A 2026 Cost of Living Adjustment (COLA)?
Traditionally, as we approach the 4th quarter each year, we have come to expect the announcement of various Social Security changes for the upcoming year. Probably the most highly anticipated of these changes is the annual Cost of Living Adjustment…
Demystifying Your Social Security Benefit
Winston Churchill famously described the Soviet Union as “a riddle inside an enigma wrapped in a mystery.” That may also be an appropriate way to describe your Social Security benefit, or so it seems when trying to understand how your…
A Strategy to Maximize Your Social Security
This Yahoo! Finance article explains how to maximize your Social Security benefits, possible adding another $300,000 to your total lifetime benefits. It suggests that delaying up to age 70 to claim your benefits is a smart move, vs. taking a…