Retirement Planning

No matter where you are in your retirement journey, a financial advisor may be able to provide you with potentially valuable information and advice. A comprehensive retirement plan tailored specifically to your situation could have a major impact on your retirement: It may help you avoid common retirement pitfalls and mitigate risks. Here are 3 potential retirement challenges you can plan for. Longevity While a longer life is certainly a blessing, with it comes the risk of outliving your money. Considering the often expensive healthcare costs in old age, the staggering cost of long-term care [...]

Imagine you’ve saved your target amount for retirement and are on track to receive your optimal Social Security benefit. Many think these are the only things to take care of, but retirement planning consists of much more. It’s also crucial to consider how much risk you’re taking and how much risk your money can manage. No one can predict the next 30 years of market ups and downs, how long they’ll live for, or what their tax rates will be in 10 years. Here’s what to consider when assessing risk in retirement. Market Risk Chances [...]

It’s almost Thanksgiving, and if you're hosting this year, you know that preparation and organization are key to a successful feast. First, you need to know how many mouths there will be to feed, then figure out what kind of meal you’re going to serve them and how you'll make it. On top of all that, you need to have everything timed out so the food will hit the table on schedule. As you can see, coordinating a Thanksgiving dinner is challenging and usually requires a recipe, much like retirement planning. Thanksgiving and retirement planning [...]

  In 2020, we saw the new SECURE Act legislation come about in response to the changing needs of America’s retirees. In 2021, we will likely see some increased retirement account contribution limits and could possibly see additional retirement legislation. For those who have saved diligently over the years, it’s crucial to know how to make the most of those savings. Do you know what’s in store for retirement accounts in 2021?  Here are 3 key areas to look out for as we close out the year. 2021 Contribution Limits In 2021, workers can contribute [...]

Almost everything we do has some type of a preparation process or warm-up routine.  From playing golf to driving a car, every activity has certain steps that should be taken before you begin, and retirement is no different. This next period of your life requires some warming up – financially and otherwise. Preparation is everything in life. Think of a pilot performing their pre-flight routine and inspections. They walk around the entire plane looking for any visual problems on the body, wings, landing equipment, tail, and nose to make sure it looks proper. Next, they [...]