On July 5 the Trump administration placed tariffs on $34 billion of Chinese imports . Then on July 10 it placed an additional $200 billion of tariffs on Chinese goods, from clothes to refrigerators. How large tariffs could affect the market Here are a few topics to help put things in perspective. For more details …
Estate Planning
How Long Will Retirement Savings Last?
If you are 56 today, you will likely live to age 86, according to the Social Security Administration life expectancy calculator. That is an average, so half my readers will live longer than age 86. How can you be sure that you have enough saved at retirement to last as long as you do? It’s a …
What Should I Look for in a Financial Planner?
So your youngest kid just graduated from college. You just realized you have 30 years of work history. You found a notebook from your first year at work and you notice a goal you wrote down: “Retire by age 50.” This year you will celebrate your 55th birthday. You’ve been saving into the 401(k) at …
What does it take to retire at age 62?
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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Planning for Retirement Income
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
Assisted Living Options
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