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...
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...
Our featured article of the month, IRA Deadlines are Approaching, provides the necessary deadlines for meeting such items as current and prior year IRA contributions, Required Minimum Distributions (RMD)s and some tips on not getting your contributions confused for either past or current year. RMDS must be taken by the last day of the calendar...
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...
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...
Our featured article of the month, Should We Reconsider What “Retirement” Means? provides a brief explanation of the changing concept of retirement amongst today's retirees. Mostly gone is the old adage involving a sofa and the TV. Today's retirement has become dynamic, involving new business startups, volunteer work or international relocation. Retirees are finding energy for new...
Our featured article of the month, Leaving a Job? Consider These Options for You 401(k), provides the steps you can take when handling your 401k with your former employer. While the steps seem rather straightforward, inevitably investors make mistakes and/or do not consider all of the pros and cons regarding their options. Cashing out the plan...
Our featured article of the month, Should You Prepare to Retire on 80% of Your Income, examines the assumption of whether that large of a percentage of your pre-retirement income is necessary to maintain your standard of living. With calculators a plenty on 401k sites and banking sites trying to help investors figure out "their number",...
Our featured article of the month, Rehearsing for Retirement, illustrates ways to trial run your departure from your working life to your retirement life by role playing in your own future production. While it may sound a little unsual, this rehearsal method can help you develop and then test the mindset you may encounter when the...
Our featured article of the month, Should You Downsize for Retirement?, asks some thought provoking questions and considerations when trying to decide where to live in retirement. If the family house is now an empty nest, wouldn't it make sense to downsize either to a familiar area surrounded by your support systems or near children and family? Sounds...
