To retire, or not to retire? For some of us, the coronavirus pandemic has complicated the question. As yahoo! Finance reports, a harris poll study conducted this past summer found that 25% of gen xers and 14% of baby boomers think they will retire later than they planned, because of the pandemic’s financial impact on […]
Tag: retirement
Retirement Newsletter – December 2020
This year, there is more incentive to give. When the Coronavirus Aid, Relief, and Economic Security (CARES) Act became law in March, it broadened charitable tax deduction opportunities. These special 2020 tax provisions are worth reviewing before they expire on December 31, 2020. […]
Retirement Newsletter – November 2020
Most americans think they will work in retirement. A life of leisure? That may not be what retirement looks like for baby boomers and gen xers—and in fact, it may not be what they want their retirements to look like. Market research firm ipsos surveyed more than 1,000 u.S. Adults earlier this year, and found […]
Retirement Newsletter – October 2020
Are car or truck costs blocking the road to retirement? On a purely logical level, investing tens of thousands of dollars toward retirement may make more sense than adding an equivalent consumer debt here and now. On a practical level, though, we need a good car or truck, and on an emotional level, we get […]
Year-End Estate Strategies
What you need to know to get ready for the end of the year. With one year ending and a new one on the cusp of starting, many people will consider their resolutions—not their estate strategy. But the end of the year is a great time to sit down and review your preparations, especially when […]
Retirement Newsletter – September 2020
Could you retire at 55? Suppose you suddenly had to, or the opportunity presented itself. This prospect would not call for disregarding your carefully considered retirement strategy, but it would create some challenges. […]
How Much Do You Really Know About Extended Care?
Separating some eldercare facts from eldercare myths. How much does eldercare cost, and how do you arrange it when it is needed? The average person might have difficulty answering those two questions, for the answers are not widely known. For clarification, here are some facts to dispel some myths. True or false: Medicare will pay […]
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Why Roth IRA Conversions May Now Be Advantageous
Thanks to a couple of factors, some investors are thinking about this move before 2020 ends. Roth IRAs have attracted retirement savers since their introduction in 1998. They offer the potential for tax-free retirement income, provided Internal Revenue Service rules are followed. Do Roth IRAs seem even more attractive these days? Perhaps. You can cite […]
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Conquering Retirement Challenges for Women
Looking ahead can help you conquer these unique obstacles. When it comes to retirement, some women face obstacles that can make saving for retirement a challenge. Women typically earn less than their male counterparts and often take time out of the workforce to care for children or other family members. Added to the fact that […]
Retirement Newsletter – August 2020
Figuring out when to start your second act. Many gen xers and baby boomers look forward to retiring on their terms. In such a circumstance, the key question becomes when to walk away from work. According to the center for retirement research at boston college, the average retirement age is now 65 for men and […]