Financial Articles

Retirement could be the biggest transition you make in life, not to mention the most expensive. At Howard Bailey, we don’t take this lightly, which is why we developed a process.

Do you have a Health Savings Account (HSA)? If so, it’s time to ensure you’re truly maximizing its benefits for retirement.

As you find yourself in the midst of Medicare’s open enrollment period, it’s an ideal time to evaluate where you can optimize your health care benefits.

What’s the secret recipe for a happy retirement? According to a recent Morningstar panel, it includes three things: Having enough money, having relationships with your peers and community, and having your health.

Within your retirement planning journey, age 62 is the beginning of a crucial transition. If you haven’t already, it’s here you begin to shift your mindset from asset-building to accumulation.

Much like many other areas in the health care world, the cost of long-term care (LTC) is rising. According to a recent study by the U.S. Department of Health and Human Services, more than one in four retirees will need LTC at some point in their life, costing more than $100,000.

Rumors of Social Security going bankrupt often swarm the financial world. However, in reality, benefits are set to decrease to 78 percent (in 2034 to be exact), and lawmakers will more than likely step in and make a move far before then.

If you’re considering converting your traditional retirement account to a Roth IRA, there are tax considerations within the “Five-Year Rule” to be aware of.

Inflation fear is still surging across national media, and for retirees in particular, it’s easy to see why. In some instances, inflation can pose one of the biggest pitfalls to your lifelong savings, so if you’re feeling the panic, this is your signal to pause.

Whether you’re a first-time enrollee, or simply want to ensure you’re maximizing Medicare coverage, it’s important to understand the benefits provided through each part.

The four percent rule has been around for over two decades, which begs the question: Does it still hold any truth for today’s retirement planning strategies?

According to a recent study, 31 percent of adults claim money is a major source of conflict in their relationship. It can be an uncomfortable topic partners often tip toe around, but it’s one of the most important areas to ensure you align on with the one you love.