Retirement

What the SECURE Act Could Mean for Retirement Plans

What the SECURE Act Could Mean for Retirement Plans If passed, it would change some long-established retirement account rules.  If you follow national news, you may have heard of the Setting Every Community Up for Retirement Enhancement (SECURE) Act. Although the SECURE Act has yet to clear the Senate, it saw broad, bipartisan support in the House of Representatives. This legislation could make Individual Retirement Accounts (IRAs) a more attractive component of retirement strategies and create a path for more [...]

By |2019-09-24T10:19:11-04:00September 5th, 2019|Congress, Retirement|Comments Off on What the SECURE Act Could Mean for Retirement Plans

Eight Mistakes That Can Upend Your Retirement

Eight Mistakes That Can Upend Your Retirement Avoid these situations, if you can.  Pursuing your retirement dreams is challenging enough without making some common, and very avoidable, mistakes. Here are eight big mistakes to steer clear of, if possible. No Strategy. Yes, the biggest mistake is having no strategy at all. Without a strategy, you may have no goals, leaving you no way of knowing how you’ll get there – and if you’ve even arrived. Creating a strategy may increase [...]

By |2019-08-09T09:51:07-04:00July 25th, 2019|Personal Finance, Retirement|Comments Off on Eight Mistakes That Can Upend Your Retirement

Preparing to Retire Single

Preparing to Retire Single Unmarrieds need to approach retirement planning pragmatically.                         In an ideal world, it would be simple to prepare for a solo retirement. You would just save half as much as a couple saves, buy half as much insurance coverage, and expect to live on half the income. Reality dictates otherwise.  Real-world planning for a solo retirement begins with an assumption. You assume, at some point, [...]

By |2019-01-25T12:37:03-05:00January 18th, 2019|Financial Fitness, Retirement|Comments Off on Preparing to Retire Single

Investing Means Tolerating Some Risk

Investing Means Tolerating Some Risk That truth must always be recognized.                         When financial markets have a bad day, week, or month, discomforting headlines and data can swiftly communicate a message to retirees and retirement savers alike: equity investments are risky things, and Wall Street is a risky place. All true. If you want to accumulate significant retirement savings or try and grow your wealth through the opportunities in the markets, this is a reality you cannot avoid. Regularly, [...]

By |2018-12-05T11:19:37-05:00November 27th, 2018|Investing, Retirement|Comments Off on Investing Means Tolerating Some Risk

Good Reasons to Retire Later

Good Reasons to Retire Later Working longer might work out well for you.  Are you in your fifties and unsure if you have enough retirement savings? Then you have two basic financial choices. You could start saving and investing more of your pay than you currently do, or you could work longer so you have fewer years of retirement to fund.  That second choice might be more manageable, and it may also work out better financially. Research suggests that working [...]

By |2018-09-13T10:40:24-04:00September 6th, 2018|Retirement, Savings and Investing|Comments Off on Good Reasons to Retire Later
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