Financial Articles

You’re most certainly aware of the general role life insurance plays throughout your working years, but when it comes to your financial and retirement plan, its capabilities span wide.

Despite what many might believe, depression and aging don’t go hand-in-hand. In fact, the Centers for Disease Control and Prevention state 18.4 percent of Americans aged 65 and older suffer from some form of depression, which is less than the 21 percent of Americans aged 18 to 29.

Is there such a thing as keeping too close of a watch on your portfolio? Perhaps, especially if you find yourself checking on investments daily, or even multiple times a day.

When it comes to clearing out those files in your cabinet, knowing what should be kept on hand and what can be shredded isn’t always clear-cut. To add to the confusion, some documents need to remain in physical copy form, while others can be scanned and kept in digital copy form.

We might not truly know what our financial future looks like, but the good news is, retirees are still managing to successfully recognize their income needs, even when it means stretching researched rules.

It’s human nature to have ingrained, psychological biases, but part of being a good investor involves acknowledging that bias.

If you’re having trouble grappling with the thought of spending your lifelong savings in retirement, you’re not alone. It might have something to do with the amount of focus we often put on saving, while spending (the decumulation phase) takes the back seat.

You’ve more than likely heard the Biden administration’s proposal to raise the capital gains tax on high-income earners, but what about that hike being retroactive? Although Congress has yet to make an official decision, it’s possible, and could mean the date for these increases has already passed.

You inevitably have several activities or subjects that spark your interest, but when it comes to a fulfilling retirement, just how many hobbies do you really need? According to this article, 3.6 is the magic number.

Do you have a Health Savings Account (HSA)? If so, you’re probably aware from a high level how this savings vehicle works in the way of tax efficiency, but more saving opportunities await beneath the surface that you might want to consider.

Retiring on your own terms is the ultimate financial end-goal; however, deciding when to make that transition can be difficult. Money aside, you need to have the right mindset, and that means getting in tune with how you feel right now, as well as understanding how this change will impact your partner.

The transition from your career to the wide-open landscape of retirement can become all the more seamless with the simple inclusion of a schedule.