There are lots of ways to think about retirement, from excitement to dread to worry, to all of the above at various times. With my clients, I find it helpful to provide some wisdom that can guide their thinking as they approach this major life change. Here are four truths about retirement that I like …
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Should I roll over my 401(k)? Six questions to ask yourself
Should I roll over my 401(k)? Six questions to ask yourself If you are thinking about leaving your long-time employer and wondering about whether to move your retirement savings away from their retirement plan, there are a few things to consider. Saving into a company-sponsored retirement plan like a 401(k) or a 403(b) is a …
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Retirement is Dumb, Do I Still Need a Financial Plan?
When the Social Security program was initiated in 1935, the full benefits began at age 65. At that time, the average man could expect to live 12.7 years more (age 77.7) and the average woman could expect to live 14.7 (age 79.7) years more. Today, a man born in January of 1954 (age 65) can …
Retirement is Dumb, Do I Still Need a Financial Plan?Read More
How to avoid going broke in retirement
A big scary question for many folks is, will they have enough money in retirement? You might think that if everybody is worried about it, then somebody might come up with a solution. Well, they have . . . sort of. Maybe you have noticed the commercials for “lifetime income” popping up more often on …
10 facts to know about Medicare
If you are getting Social Security benefits, you are signed up for Medicare. If you are not taking Social Security, you should sign up for Medicare about 90 days before your 65th birthday. Do not skip it. There are late-enrollment penalties. There are a few other things to know about Medicare: 1. Many are shocked at the expense. Today 55 …
Wondering how much you need to retire? These questions can help.
For most families, saving for retirement is their largest financial goal. It’s become part of the American dream to quit working and just have fun someday. However, as we wind down the second decade of the 21st century, it’s getting harder to actually accomplish. Decline of pensions The idea a company pension for retirement in …
Wondering how much you need to retire? These questions can help.Read More