Retirement - North Light Financial Services

Retirement Plans for Individuals & Business

Retirement Plans for Individuals & Businesses A look at some of the choices. Households are saving too little for the future. According to one new analysis, 41% of Gen Xers and 42% of baby boomers have yet to begin saving for retirement. In a recent financial industry survey, 35% of small business owners said they were planning to use the sale proceeds from their company for a retirement fund, an idea which comes with a flashing question mark.1,2 Do you [...]

By info@northlightfinancialservices.com|2018-04-16T09:27:10-04:00April 5th, 2018|Personal Finance, Retirement, Savings and Investing|Comments Off

Is a Home an Investment?

Is a Home an Investment? From one perspective, the answer is yes; from another, no. When you buy a home, are you investing? If you buy it to flip it or buy it as a rental property, the answer is yes. If you buy a home simply to live in it, the answer may be no. Your home is an expression of your lifestyle, a wonderful setting for your life, and a place you can enjoy in privacy and comfort. [...]

By info@northlightfinancialservices.com|2017-11-03T13:34:55-04:00November 2nd, 2017|Personal Finance, Retirement, Savings and Investing|Comments Off

Retiring Before 60

Retiring Before 60 If that is your dream, explore whether these steps could be useful to take. How could you retire in your fifties by choice? You will need abundant retirement savings and ways to access your retirement assets that lessen or avoid early withdrawal penalties. You may also need to have other, sometimes overlooked, components of retirement planning in place. There are ways to tap retirement savings accounts before 60. True, the I.R.S. discourages this with 10% penalties [...]

By info@northlightfinancialservices.com|2017-10-10T11:25:59-04:00October 5th, 2017|Personal Finance, Retirement, Savings and Investing|Comments Off

The Rough Consequences of Not Saving for Retirement

The Rough Consequences of Not Saving for Retirement Do you really want to risk facing these potential outcomes? Saving for retirement may seem a thankless task. But you may be thanking yourself later. Putting away a percentage of one’s income, money that could be used for any number of bills or luxuries, is a sacrifice made in the present in order to avoid a larger trouble down the road. More than a quarter of seniors have no retirement savings. To [...]

By info@northlightfinancialservices.com|2017-08-04T11:01:19-04:00August 3rd, 2017|Financial Fitness, Investing, Retirement, 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. Americas national health insurance program for seniors has two components. Part A is hospital insurance. It provides coverage for inpatient stays at medical facilities. It can also help cover the [...]

By info@northlightfinancialservices.com|2017-04-11T14:17:11-04:00March 30th, 2017|Healthcare, Medicare, Personal Finance, Retirement|Comments Off