Growing up on the farm, we would get a surprising number of unwelcome visits from insurance salesmen. One of the least complimentary things you could say about somebody was that they reminded you of a life insurance salesman. Of course, times change. I now have extensive training in life insurance and understand what a useful …
If you have ever changed jobs, there is a chance you left your retirement account behind. If you are changing jobs right now, you have some options about the company retirement account. You might want to get some good advice.
Are you changing jobs, retiring or is your company retirement plan shutting down? If the answer is yes to any of these, be sure the assets roll into an eligible retirement account instead of having them paid to you. That way you avoid any tax consequence. And the money continues to enjoy tax-deferred earnings.
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You are eligible to receive reduced Social Security income benefits as early as age 62. What does it take to quit work and live off your investments at age 62? Most Americans start receiving Social Security checks at age 62, according to the Center for Retirement Research at Boston College. One problem for these folks is that they have accepted a 25 percent reduction in the size of their monthly check for the rest of their life.
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There is no time like today to start planning for retirement. Times flies when you are having fun, so start your retirement planning now, because “someday” is closer than you think.
When it comes to retirement, it may seem like something that seems far away, or almost impossible to achieve with the amount of student loans, credit card debt, mortgages, car payments and monthly expenses. Read Full Article
Nobody likes to think about it, but there will come a day when each of us needs some help as we get older. Having a plan to get that help and a plan to pay for it makes everything easier when that day comes.
Nearly all assisted living communities offer residents the choice of either having all-inclusive or fee-for-service pricing. All-inclusive means that a single monthly fee covers rent, meals and any additional services a resident chooses which may include housekeeping and/or transportation. There is also the choice of having fee-for-service means a resident pays only for the services that the resident uses. Usually, if a resident intends to use the full suite of services an assisted living residence offers, it tends to be less expensive to choose the all-inclusive option. If a resident will only require certain services or will use outside assistance for certain services, then the fee-for-service approach offers better cost savings.Read Full Article
Many people work for a firm with an employer sponsored retirement plan. Often those plans offer matching money to increase your savings. Don’t miss out.
Planning for retirement can be a very intimidating thing, and oftentimes it may seem daunting with the amount of student loans, house payments and day-to-day expenses. Although making financial decisions and large lifestyle changes may seem difficult, one easy step to make towards retirement is taking advantage of retirement plans from employers that match. This is an opportunity of which you should always take advantage. Read Full Article