Weekend Reading: 6 Proven Retirement Income Planning Strategies Beginning at Age 62
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.
Weekend Reading: 5 Ways to Pay Long-Term Care in Retirement
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.
Weekend Reading: Here Are the Changes That Could Be Coming to Your Social Security Benefits
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.
Weekend Reading: What You Need to Know About the Confusing Roth IRA Five-Year Rule
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.
Weekend Reading: Why You Should Be Skeptical of Inflation Panic
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.
Weekend Reading: What You Must Know About the Different Parts of Medicare
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.
Weekend Reading: Retirement Planning in the Post-4% World
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?
Weekend Reading: Financial Conversation Starters for Couples
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.
Weekend Reading: How to Plan Your Retirement When Tax Law is in Flux
We continually hear of tax proposals on the horizon, but the thing about proposals is that they often change, especially in Washington.
Weekend Reading: Net Unrealized Appreciation (NUA) Tax Strategies for Modestly Appreciated Stock
Staying at the forefront of your retirement tax plan means becoming educated about tax strategies available at your fingertips. One of those strategies involves a Net Unrealized Appreciation (NUA).
Weekend Reading: The Retirement Rush
A global pandemic has the power to bring about a plethora of abrupt life transitions, and for many baby boomers, that included stepping into retirement earlier than expected.
Weekend Reading: Why Risk Tolerance Questionnaires Don't Work for Determining Retirement Strategies
Risk tolerance questionnaires can be a great starting point in determining how conservative your retirement investment strategies should be; however, they’re not the main solution.