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Do You Understand How Your Retirement Accounts Are Taxed?
One thing many people don’t pay much attention to is how their retirement accounts are taxed. People treat retirement as a simple equation that looks like this: Put money in now → Get money out later. But it’s not that simple! There are a lot of intricacies and strategies for getting as much as you can out of your retirement [...]
Here’s What Medicare May Not Cover…Are You Prepared?
You may think that Medicare covers all of your medical expenses when you retire…but it doesn’t. We often see clients who have a really solid retirement plan that takes almost everything into account except for medical expenses. They often think, “Well, I’m healthy now, so I’ll be healthy in the future.” But that isn’t always the case. Here are a [...]
Retiring With Your Spouse? Here’s What to Know
If you don’t know what your spouse wants out of retirement, you might be faced with unforeseen, costly mistakes. Ask yourself if you know their specific plan. Do you know the day they plan to retire? Do you know exactly how your finances are going to be handled? Retirement is all about planning, and if you aren’t planning with your [...]
Navigating Financial Security in Retirement: The Role of Work
Retirement is often envisioned as a time of leisure and freedom from the demands of a full-time job. However, the rising costs of living and uncertain economic conditions characterized by high interest rates and volatile markets can cast a shadow of worry over this anticipated period of peace. Despite these concerns, there are strategies available to mitigate financial stress and [...]
5 Things to Help You Get Started on Legacy and Estate Planning
Do you have a plan for what will happen to your assets when you pass away? This may be something that you should be working into your overall financial plan. Without a specific estate plan and legacy plan, you won’t know what is going to happen to your money after you are gone. 1. Think about the good you can [...]
How to Know if You Have Enough Saved for Retirement
The most pressing question regarding retirement is, "What amount should I have in savings?" This concern might cross your mind a lot. It could even be a source of significant stress for you. The idea of laboring well into your 70s or 80s is not appealing, so how can you make sure that your savings are enough? Begin from this [...]
Long-Term Care Costs Could Hurt Your Savings… But You Have Options!
Chances are you haven’t factored long-term medical care into your financial plan. Two out of every three baby boomers don’t have any plan in place for needing long-term care.[1] Long-term care is medical care that goes beyond just normal doctor’s visits. It is medical care where someone helps you with the functions of everyday living, like eating and bathing. It [...]
