Forbes

This is the primary reason our team speaks to the families we meet with about the importance of long-term care. In addition to being costly without a plan in place, it also does not fall under your Medicare benefits.

While your taxes could be lower in retirement than your working years, the reality is, the more income you have, the more taxes you will owe. The first step to mitigating the amount of dollars that go to Uncle Sam is understanding what income is taxed and how.

Medicare doesn’t need to be complicated; especially if you know the facts!

In his book, titled Man’s Search for Meaning, holocaust survivor and psychiatrist, Viktor Frankl, wrote: “Don’t aim at success — the more you aim at it and make it a target, the more you are going to miss it. For success, like happiness, cannot be pursued; it must ensue…”

Those who cultivate purpose from work or define themselves by their job can experience more difficulty when they are no longer in their day-to-day career. Not only can it take an emotional toll, but can lead to overall cognitive effects as well.

Do you have a plethora of financial fears on your plate at the moment? Amongst uncertainty of today’s economic climate plus geopolitical conflict, it’s easy to find yourself battling a new financial frustration daily.

As referenced by author Bob Goff, 27,375 is the average number of days a person will live over their lifetime. If you do the math, you can (roughly) estimate the number of days you may or may not have left. How will you spend them?

We’re all in the midst of a longevity revolution, but in order to make the most of a potential 100-year life, it’s important to prioritize quality over length.

When it comes to retirement planning, there is no silver bullet. We all want optimized strategies to secure our financial future, but the reality is, life happens, and any obstacle can quickly throw a wrench in what was thought to be your “perfect” plan.

Upon making any choice in life, the concept of second-order thinking allows you to consider all aspects more thoroughly.

Tax planning is just as essential to any comprehensive retirement plan as income planning, legacy planning, etc., and it’s also why our team focuses on tax-minimization strategies as part of our Retire With Purpose™ Framework.