Planning Retirement

Most of us are concerned about our retirement financial security.  We have not saved enough.  Healthcare is expensive.  Social Security doesn’t nearly cover our costs.  We are living long lives. However, many of us do have one very big source of wealth.  According to the US Census Bureau, 79% of …

When to retire.  Getting the answer to this question is — by far — one of the biggest decisions of your life and a choice that can cause a lot of stress. Here are 5 tips from Dr. Ruth Chang, a professor at Rutgers University and world renowned expert on …

“All politics is personal,” so the saying goes.  And, this year that phrase is especially true for people nearing retirement. There are a lot of hot button topics on the table that have the potential to impact your retirement well being — no matter where you stand on the political …

A lot has been written about saving and accumulating enough for retirement. But that’s only half the battle. Once you reach retirement it is important that you manage your retirement withdrawals from various accounts as tax-efficiently as possible. Taxes will likely be one of your biggest expenses in retirement. A …

When you hear “preparing for retirement,” you probably think about savings and budgeting.  However, your finances are just one aspect that you need to consider. Sure, you need to have your financial situation in check when you retire, but other aspects of your life could use some prepping as well. …

Retirement financial literacy is low.  Most of us do not know very much about the fundamentals of how personal finance works.  Just look at the average retirement savings and you will realize that most people are unprepared and unaware of what is needed for a secure retirement. However, a recent …

Generally speaking, the uses of reverse mortgages are endless.  And, you get to choose the best way to manage or spend the money from the loan. Most seniors use a reverse mortgage to help close a gap between their retirement expenses and their retirement income.  Reverse mortgages eliminate monthly mortgage …

You want to know how to retire. Figuring out the answer to this question can feel overwhelming and sometimes impossible — especially if you are already in your 50s or 60s. It has been hard just making ends meet month after month and now you are faced with creating a …

Old. Venerable. Elderly. Veteran. Senior. Long in the tooth. Geriatric. Mature. Seasoned. Geezer. Expert. Grey haired. 50. 60. 70. 80. 90…  No matter what you call it (positive or negative), your age should not matter when it comes to jobs.  However, new research indicates that age discrimination is a very …

Tis the season… tax season that is.  And, as you transition into retirement and live in leisure, a lot changes and continues to change, especially in the realm of taxes. Retirement tax planning 2017 is critical whether you are retired already or just thinking about it. While you will probably …