As a professional retirement planner, I go through the process of retiring approximately 12 times a year with my clients. I see firsthand the process and hazards that families deal with as they shift from working for a living to living off their retirement. Here is a list of things to avoid as you consider …
retirement planning
Five Wealth-Destroying Habits to Avoid
Regular readers know that I expect the economy to slip into recession within the next 12 months. This is based on the expert analysis of veteran economists whom I trust. However, I’ve been thinking this for the last two years, and been proven wrong. It’s a reminder that none of us knows as much as …
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 …
Should I roll over my 401(k)? Six questions to ask yourselfRead More
Have a Target Date Fund retirement account? You still need to plan.
Have a Target Date Fund retirement account? You still need to plan. If you participate in a company-sponsored retirement saving plan, you very likely own a Target Date Fund (TDF). Based on the date you plan to retire, a TDF will own a mix of U.S. stocks, foreign stocks, U.S. bonds, foreign bonds and cash. …
Have a Target Date Fund retirement account? You still need to plan.Read More
How to decide where to live after retirement
Over time, we all face choices about where and how we live as we age. Below are 10 options for retirement living options. Aging in place The American Association of Retired Persons (AARP) says that 87 percent of retiree homeowners want to stay in their current home for as long as possible. Benefits: The homeowner gets …
How should I start preparing for retirement?
As a financial advisor, I don’t think it’s ever too early to start planning for retirement. Ideally retirement planning starts as soon as an individual starts earning money, even on their very first job. However, specific planning really ramps up in the years and decades just before retirement. That’s when it’s important to start visualizing …