Having your affairs in order to prepare for retirement isn’t as cut-and-dried as a simple dollar amount. There’s also the consideration of what you want an affordable retirement to look like and what you’ll be doing on a day-to-day basis. With housing alone, there are numerous ways that retirement can vary from person to person….
How Many Years Until You Retire
When it comes to retirement, there is no one size fits all approach. For instance, some people have decided to join the Financial Independence, Retire Early (FIRE) Movement in order to retire early—sometimes in their 30s or 40s. In contrast, others continue working until their 60s or 70s before they retire. According to the Social…
Social Security Pop-up Ads Are So Misleading
In the last month or so, I’ve written two columns about Social Security “news” articles I’ve seen in various publications with misleading headlines that are intended to lure you into reading the rest of the story. What’s contained in the article is never as dramatic or newsworthy as the exaggerated headline would indicate. These Social…
Retirement: How Retirees Can Tap Their Home for Income
By Sandra Block From Kiplinger’s Personal Finance Retirees needing income might look no further than their home. A sharp rise in home values, combined with a shortage of single-family homes, has driven up home prices around the country, leaving senior homeowners with more than $11 trillion in home equity. If you’re planning to downsize, you…
The Problems You May Cause If You Max Out Your 401(k)
If you have a 401(k) through your employer, you have a good way to prepare for retirement. It is even better if your employer is giving you matching contributions. This fact alone can make investing in a 401(k) a worthwhile investment. Still, there are some things you need to think about before maxing out your…
Your Retirement and Annuities: Investing and Funding
October 8, 2022
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The promise of lifetime income from Annuities has been around for centuries dating back to Ancient Rome. Originally, Annuities were just simple instruments that guaranteed a steady stream of income. But, things got more complicated as the years went by. For instance, in the late 1980s, variable Annuities became popular when mutual fund sub accounts…
Seniors Don’t Want to Retire Anymore. Here’s Why and How to Help.
Retirement can be a dream for one and a nightmare for another. People treat retirement differently, depending on their requirements and circumstances. While some feel retirement is the time to pack up bags and travel or commit to hobbies they have long paused for, others feel retirement is not the right option. There may be…
Eight Tax-Planning Tips for the End of the Year
October 6, 2022
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Tax time will soon be here. The good news is that there still is time to reduce your taxes this year. Making changes now can help you get more tax deductions on your upcoming 1040 taxes. Getting the biggest IRS refund means you need to have a lot of receipts for any tax deductions you…
Is an Annuity a Good Investment?
What springs to mind when you think of investing? You probably envision Wall Street and the frantic pace of the New York Stock Exchange floor. There are some of you who may visualize Fortune 500 ticker symbols. You could also think of the less exciting pie chart on your annual mutual fund report if you’re…
Alternatives to Annuities
October 5, 2022
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You may be attracted to the idea of receiving a lifelong income after retirement. Unfortunately, pensions are disappearing. Only 31 percent of Americans currently retire with defined benefit pension plans. While 84 percent of people receive Social Security Old Age, Survivors, and Disability Insurance (OASDI) benefits, it was never intended to be their sole source…
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