Retirement Planning

When you think of retirement, you might think of the vacations you’ll go on and all the free time you’ll enjoy with friends and family. There’s so much to enjoy about retirement, but it also comes with its challenges. Some of the biggest concerns you could face in retirement could be market volatility, an increased tax burden, and not having enough retirement income. Ultimately, all of these likely come from a fear of running out of money in retirement, which remains a top financial concern among retirees.[1] However, you can create a financial plan to [...]

You have so much to celebrate and look forward to as you near and enter retirement: Retirement means the end of a long career, but the beginning of something new, and the “what” is up to you. The way you finish the race can impact the rest of your retirement, whether you’re approaching retirement or have recently retired. Meeting your goals when crossing the retirement finish line means having a comprehensive plan in place that covers these four key areas of retirement planning. Meeting Savings Goals Saving enough for retirement can be difficult while sending [...]

Summer is here, and whether you’re going to relax, visit friends, or take a trip, it’s important to consider how you will spend your time. As a kid, you probably looked forward to summer vacations where you had a break from responsibilities and your time was your own. Retirement is similar, except that it lasts for decades instead of months. Summer is definitely a time to relax, but it’s also the perfect time to start preparing for retirement. What Will You Do? On average, we spend more time every year planning for vacations than planning [...]

It’s time to start planning your summer, and whether you’re going to laze around on the beach, visit friends, or take a trip, it’s important to also start thinking about your retirement plan. On average, we spend more time every year planning for vacations than planning for retirement – and retirement is much longer than any vacation you will take. Summer is definitely a time to relax, but it’s also the perfect time to think about what you want your future retirement, the endless summer, to look like. Start off with the “What” If you [...]

The COVID-19 pandemic is likely to have a lasting impact on our lives, from how we fly to how we retire. During times of crisis, priorities often shift, and the need for a plan in the case of emergency becomes apparent. There are many ways our lives might adapt to a different world after the pandemic, especially for retirees. Here are three emerging retirement trends in the post-coronavirus world. More People Will Be “Pulled” into Retirement Than “Pushed” Older workers can sometimes find themselves “pushed” out of the workforce sooner than they anticipated by layoffs [...]

Life is unpredictable, and there are a number of events that can impact our finances, from global pandemics to personal crises. And while adjustments sometimes may need to be made to get back on track, no one wants to put off an event like retirement because they feel forced to. It's important to take stock of what you have and what you'll need if you're nearing or entering retirement. No rule says you must put off retirement, or that your desires are beholden to the state of the world when you reach retirement age. Here’s [...]