Selecting a senior living community is a major decision that can greatly influence physical health, emotional balance, and overall quality of life. Whether you are preparing for your own transition or helping a loved one relocate, it’s important to look beyond just the surface-level features during the process. Becoming familiar with the range of senior […]
What to Look for in a Senior Living Community Read More »
It is not surprising that the thought of retiring is overwhelming to many due to major life shifts. This could include financial uncertainty, loss of identity, and lack of structure. Studies show that high anxiety regarding outliving savings and maintaining one’s lifestyle is one of the more common reactions to anticipating retirement. We can help
One of the most challenging aspects of developing a retirement strategy is dealing with uncertainty. Markets fluctuate, tax laws change, healthcare costs rise unexpectedly, and, perhaps most difficult of all, no one knows how long they will live. However, we believe that determining longevity—the number of years a person can live in retirement—is one of
Answering One of Retirement’s Biggest Questions: How Long Will Your Money Need to Last? Read More »
Traditional IRAs, 401(k)s, and other similar retirement accounts enable you to save money before taxes and watch it grow over time. However, the IRS eventually requires you to start withdrawing some of your savings each year. These withdrawals are referred to as required minimum distributions, or RMDs, and the amount you withdraw is taxed at
New RMD Rules For 2025 Read More »
There is no one “ideal retirement.” But there are many ways to have a happy retirement if you have reflected on the choices you have, and what you are willing to leave to chance. The way you answer the following questions may help you decide what may need more thought before you begin your retirement:
We frequently write about longevity and how important it is to have savings we don’t outlive. And while we’ve always striven to give our clients options for products where the income stream continues no matter how long you live, we are still often asked for a ‘number’ so that can be ascribed to someone’s projected
One in six people will be over 65 by the middle of the 21st century. Additionally, it’s likely that by 2034, the Social Security Administration program in the United States will not be able to provide full benefits. These demographic and financial pressures may cause a retirement crisis. However, there is an additional problem that
Retirement Age Is Changing Read More »
Working after retirement brings with it the need to understand certain tax and contribution rules governing the way you can use and/or continue to contribute to the money in your qualified retirement savings accounts. Looking first at continued contributions, in most cases, you should be able to, regardless of your age. There are no income
Working After Retirement Read More »
There is nothing generally inherent in any given year that says it’s a bad or good time to retire. The question that needs to be answered is whether you’re ready financially and emotionally. So, how do you determine if you are ready? Begin by asking yourself if you have estimated your stream of lifetime retirement
Is This Year a Good Year To Retire? Read More »
We often think that emotions only impact inter-personal decisions, however making consequential financial decisions in a heightened emotional state also generally isn’t a good idea. Behavioral psychologists have identified a few common biases that can undermine our decision-making skills. While some are rooted in emotion, others are what we think of as mental shortcuts our
Behavioral Decision Making Read More »
