Planning
Consider Keeping Your Life Insurance When You Retire
Our featured article of the month, Consider Keeping Your Life Insurance When You Retire, starts the conversation on this topic and expands on it slightly in regards to insurance planning strategies. Traditionally, life insurance was considered unnecessary once you hit retirement, the nest was empty and a liability such as a mortgage was satisfied. However,...
Important Birthdays Over 50
This March marks my 24th year in the financial planning industry. I am blessed to be able to engage with wonderful people to provide them with my energy, skills and experience in helping them and their families plan for a successful future. Thank you for entrusting myself, my firm and our strategic partners with your...
Women and Wealth: A Pivot Towards Retirement
Our featured article of the month, Women and Wealth: A Pivot Towards Retirement, focuses on some of the challenges women face upon transitioning to retirement after their working career. While both men and women retirees should focus on their financial, physical and emotional health to ensure a more fulfilling retirement, women have a unique challenge....time....
Retirement Realities
Our featured article of the month, Retirement Realities, answers some frequently asked questions about retirement expectations. Online calculators are certainly helpful with projecting figures out many years, but they lack any nuance. Even the systems used by financial planners provide figures and calculations without taking into account the reality of life. Experience and counsel are...
Navigating Retirement Pitfalls
Our featured article of the month, Navigating Retirement Pitfalls, reminds retirees about the sidesteps that can lead to difficulties when it comes to their retirement planning moves. While life happens and the inevitable falls upon us, being prudent and following sound advice can help lessen the overall impact possible miscues may have on the health...
Understanding Extended Care
Our featured article of the month, Understanding Extended Care, explains some high level points on what extended care looks like in terms of its services, cost, and sources for payment. Of course like most things, when you are in it, the reality of the situation is much different. Reviews by Medicare graded facilties were based...
Does Your Portfolio Fit Your Retirement Lifestyle?
Our featured article of the month, Does Your Portfolio Fit Your Lifestyle?, delves into the understanding that retirement income planning, while numerically driven, can largely be influenced by lifestyle. After non-discretionary expenses are covered, choices made within the discretionary income expenditures are focused on the goals and wants of your desired existence. Understanding your desires...
Healthcare Costs in Retirement
In a 2022 survey, 35% of all workers reported they were either “not too” or “not at all” confident that they would have enough money to pay for their medical expenses in retirement. Regardless of your confidence, however, being aware of potential healthcare costs during retirement may allow you to understand what you can pay...
SECURE ACT 2.0
Our featured article of the month, Secure Act 2.0, describes how in the final days of 2022, Congress passed a new set of retirement rules designed to make it easier to contribute to retirement plans and access those funds earmarked for retirement. The law is called SECURE 2.0, and it's a follow-up to the Setting Every Community...
New Retirement Contribution Limits for 2023
Our featured article of the month, New Retirement Contribution Limits for 2023, is a simple listing of some of the adjustments the IRS has made to contribution limits for various retirement vehicles. Note that gifting limits have been raised as well. Contact your HR department to make adjustments to your work sponsored retirement plans. For IRA...