Financial Fitness - North Light Financial Services

Behind on Your Retirement Savings?

Behind on Your Retirement Savings? What steps could you take to catch up? If life has not allowed you to build substantial retirement savings, what can you do to improve your retirement prospects? Here are some suggestions: Play catch-up. If at all possible, take advantage of the catch-up contributions the IRS allows you to make to IRAs and other retirement accounts starting in the year in which you turn 50. For example, this year a worker age 50 or older [...]

By info@northlightfinancialservices.com|2017-03-28T08:17:18-04:00August 7th, 2015|Financial Fitness, Investing, Savings and Investing, Social Sercurity Planning|Comments Off

Protecting Yourself Against Cyberattacks

Protecting Yourself Against Cyberattacks How vulnerable is your data? 25% of Americans were cyberhacked between March 2014 and March 2015. The American Institute of CPAs announced that alarming discovery in April, publishing the results of a survey conducted by Harris Poll. Disturbing? Certainly, but the instances of pre-retirees being victimized were even greater – 34% of adults aged 55-64 reported having their data stolen or compromised within that period.1 Small businesses are also commonly victimized. While identity theft has [...]

By info@northlightfinancialservices.com|2017-03-28T08:17:18-04:00July 24th, 2015|Cybersecurity, Financial Fitness, Personal Finance, Well-being|Comments Off

Reining in Your Debt

Reining in Your Debt Americans are spending freely again. That has a downside. As the Great Recession faded, American household debt gradually decreased. In fact, it declined by $1 trillion between mid-2008 and mid-2014, according to the Federal Reserve.1 Now household debt is increasing once more. The Fed found it climbing by $78 billion (0.7%) during Q3 2014.1 On the macroeconomic level, that can be interpreted as a positive: it hints at greater consumer spending, easier credit, and more [...]

By info@northlightfinancialservices.com|2017-03-28T08:17:19-04:00May 15th, 2015|Financial Fitness, Personal Finance, Saving & Budgeting|Comments Off

A Roth IRA’s Many Benefits

A Roth IRA’s Many Benefits Why do so many people choose them over traditional IRAs? The IRA that changed the whole retirement savings perspective. Since the Roth IRA was introduced, it has become a fixture in many retirement planning strategies. The key argument for going Roth can be summed up in a sentence: Paying taxes on your retirement contributions today is better than paying taxes on your retirement savings tomorrow. Here is a closer look at the trade-off you [...]

By info@northlightfinancialservices.com|2015-05-21T14:50:50-04:00February 27th, 2015|Financial Fitness, Roth IRA, Savings and Investing|Comments Off

The A, B, C, & D of Medicare

The A, B, C, & D of Medicare Breaking down the basics & what each part covers. Whether your 65th birthday is on the horizon or decades away, you should understand the parts of Medicare – what they cover, and where they come from. Parts A & B: Original Medicare. America created a national health insurance program for seniors in 1965 with two components. Part A is hospital insurance. It provides coverage for inpatient stays at medical facilities. It can [...]

By info@northlightfinancialservices.com|2017-03-28T08:17:20-04:00January 30th, 2015|Financial Fitness, Health Insurance, Medicare|Comments Off