A few things you may want to think about before filing for benefits. Whether you want to leave work at 62, 67, or 70, claiming the retirement benefits you are entitled to by federal law is no casual decision. You will want to consider a few key factors first. How long do you think you […]
Tag: retirement
What People Overlook When Shopping for Life Insurance
A few realities that must be acknowledged. Shopping for life insurance means paying attention to detail. In scrutinizing these details, however, some fundamental, big-picture truths may be ignored. If you want to renew or upgrade coverage later in life, the terms could be less than ideal. You may be healthier than most of your peers, […]
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Retirement Newsletter – July 2018
Why take on debt to help your kids with college? An unsettling trend is emerging among pre-retirees and retirees. Parents are picking up a greater share of college education costs, and in doing so, they may risk damaging their retirement prospects. […]
Why Do People Put Off Saving for Retirement?
A lack of money is but one answer. Common wisdom says that you should start saving for retirement as soon as you can. Why do some people wait decades to begin? Nearly everyone can save something. Even small cash savings may be the start of something big if they are invested wisely. Sometimes, the immediate […]
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Life Insurance Explained
A quick look at the different types of policies. When it comes to life insurance, there are many choices. Whole life. Variable universal life. Term. What do these descriptions really mean? All life insurance policies have two things in common. They guarantee to pay a death benefit to a designated beneficiary after a policyholder dies […]
Retirement Newsletter – June 2018
When it comes to retirement savings, how much is enough? While it is hard for any pre-retiree to determine an exact answer to that question, it seems some are just stumped. Before retirement approaches, a conversation with a retirement planner should happen, to help a pre-retiree identify incomes needs, potential income sources, and threats to […]
What Women Shouldn’t Retire Without
A practical financial checklist for the future. When our parents retired, living to 75 amounted to a nice long life, and Social Security was often supplemented by a pension. The Social Security Administration estimates that today’s average 65-year-old female will live to age 86.6. Given these projections, it appears that a retirement of 20 years […]
The Backdoor Roth IRA
A move that high earners can make in pursuit of tax-free retirement income. Does your high income stop you from contributing to a Roth IRA? It does not necessarily prohibit you from having one. You may be able to create a backdoor Roth IRA and give yourself the potential for a tax-free income stream in […]
Retirement Planning Weak Spots
They are all too common. Many households think they are planning carefully for retirement. In many cases, they are not. Weak spots in their retirement planning and saving may go unnoticed. Couples should recognize that they may face major medical expenses. Each year, Fidelity Investments estimates how much a pair of newly retired 65-year-olds will […]
Will Teachers Get the Retirement That They Deserve?
Classroom educators are coping with hybrid plans and pension fund shortfalls. Arizona. Kentucky. Massachusetts. Michigan. Pennsylvania. Rhode Island. Tennessee. In these states and others, teachers are concerned about their financial futures. The retirement programs they were counting on have either restructured or face critical questions.1,2 Increasingly, states are transferring investment risk onto teachers. Hybrid retirement […]
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