Good Financial Cents

JANUARY 26, 2023

Early retirement has become a popular financial goal. Even if you never retire early, just knowing that you can is liberating! Can You Really Retire at 50? Can You Really Retire at 50? Table of Contents Can You Really Retire at 50? FAQs on Retiring Early at 50 It’s a big bold claim – retire at 50?

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Million Dollar Round Table (MDRT)

OCTOBER 1, 2023

Allocating retirement planning I introduce asset allocation with clients by dividing retirement life into two parts: basic life and high-quality life. Basic life is daily expenses, like food, clothing, housing and transportation. These basic things must be planned with a certain income.

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Park Place Financial

JANUARY 9, 2023

Retirement Planning 5 Reasons Why Houston Is a Great Place to Retire Schedule a Complimentary Financial Review CLICK HERE TO SCHEDULE. For many people, retirement offers the time and opportunity to travel and explore new endeavors they never had the time for during their working years. Cost of Living . Dining Options .

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Investing Caffeine

MAY 3, 2023

These are all interesting and important questions, but preparation for retirement is much more important than panicking over issues you have no control over. For many investors, however, the more important questions to ask and answer relate to your retirement strategy. Diversification: How diversified are your investments? .

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Random Roger's Retirement Planning

MARCH 19, 2023

Part G Medicare, the one I believe to be the most robust supplemental plan currently costs an average of $1517/yr with projections of 10+% increases over the next few years. Assuming that is true, it is the diet suggested to us by the food pyramid that is to blame. Healthview projects that the premium will rise 6.3% in 2024 and 6.2%

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Integrity Financial Planning

JANUARY 9, 2023

due to increased costs of necessities like food, energy, and gas. [2] 2] With higher prices in consumer goods, retirees may have had to reevaluate their withdrawals and spending on retirement accounts as their income became strained. Interest Rate Hikes Hit Retirement Accounts. 1] However, in 2022, this number spiked to 9.1%

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Carson Wealth

MARCH 2, 2023

Tom Fridrich, JD, CLU, ChFC ® , Senior Wealth Planner We’ve all asked ourselves whether it’s too early to retire (usually after a particularly challenging commute or dealing with a difficult client). But even if you feel confident today, would it be reasonable to retire early? How Early Is Early?

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Integrity Financial Planning

MAY 4, 2022

With inflation soaring, the Fed is planning to make aggressive moves to slow the economy with rate hikes. If the Fed is being aggressive, how aggressive should the retirement saver be with their plan? This is everything from food and gas to haircuts and vacations. What’s to come? Think about a home project or renovation.

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Random Roger's Retirement Planning

NOVEMBER 19, 2023

Yahoo Finance had kind of a long read recapping an update from Morningstar about safe retirement withdrawal rates. I would much rather withdraw 10% or more per year from my retirement accounts and do it without taking any principal. When I retired in 2010, I had about $360K in a deferred IRA and $60K in a Roth IRA.

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Integrity Financial Planning

MARCH 3, 2023

But there is one perk that winter brings: comfort food. Comfort food gives rise to a psychologically comfortable and pleasurable state when eaten. [1] 1] Embracing Comfort Food As the name suggests, comfort food is any type of food that brings a person some fulfillment. So, this winter, indulge!

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Random Roger's Retirement Planning

DECEMBER 17, 2023

Yahoo warned of potential problems retirees may face if their plan is to rely solely on Social Security. change at retirement. Hopefully a mortgage is paid off, hopefully there are no car payments to make and health insurance at 65, if retired, should go down quite a bit on Medicare, especially if income goes way down.

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Clever Girl Finance

DECEMBER 13, 2023

Saving money is an important task at any age, but as you hit your 40s, the need to save for retirement grows. While savers in their 40s and 50s typically have a decade or two left to save for retirement given the traditional age of 65, emphasizing saving now can set you up for a dream-worthy retirement.

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FMG

SEPTEMBER 16, 2022

Meeting with your clients outside of the office and getting them engaged with your community planning is crucial for establishing strong relationships. Whether retirement planning, technology seminars, or education planning, community events are an efficient way to share your experience with others in your community.

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Carson Wealth

JULY 26, 2023

By Odaro Aisueni, CFP ® , Wealth Planning Administrator As a small business owner, you’re likely so immersed in the routine functions of your business that you haven’t yet put much thought into the day you leave it behind. Yet while succession planning is often overlooked, it holds immense significance for your future well-being.

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Envision Wealth Planning

SEPTEMBER 14, 2022

Smarter money moves for young single women in a new career: You can also listen and watch my presentation on this topic on the Envision Wealth Planning YouTube channel. Whether you use envelopes filled with cash, earmarked for food, an Excel spreadsheet, or an app like Mint. And of course the big one, a retirement plan.

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Nationwide Financial

JUNE 8, 2023

The Rule of 25 for retirement strategy suggests saving 25x the annual amount needed for spending in the first year of retirement, but it doesn’t account for the age when someone might retire. The 80% Rule states that you’ll need to replace 80% of your pre-retirement income. Saving requires a certain level of commitment.

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Integrity Financial Planning

AUGUST 31, 2022

What are the decisions you need to make now for your retirement, even if we’re in a recession? Brian talks about how to stress-test your plan and what to keep in mind. What should people planning to retire in the next year keep in mind? Make sure to work with a financial advisor who will look at your plan comprehensively.

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WiserAdvisor

MAY 3, 2023

Health and financial planning must go hand in hand to ensure you always have enough savings to tackle the unexpected. Therefore, it is essential to consider your health when making financial plans. A financial advisor can help you understand how to factor your health into your financial planning.

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WiserAdvisor

SEPTEMBER 13, 2022

The average retirement age in America is 63. However, it may still be advised to start planning your retirement as soon as you can. Retirement planning is a long process. It can take several years to understand your future needs and accumulate enough savings to prepare for a financially secure retirement.

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Investment Writing

NOVEMBER 15, 2022

for retirement: planning a prosperous, healthy, and happy future by John E. How to Cook Everything: 2,000 Simple Recipes for Great Food by Mark Bittman. Black Food: Stories, Art, and Recipes from Across the African Diaspora, edited by Bryant Terry. What color is your parachute? Nelson and Richard N.

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FMG

FEBRUARY 27, 2023

From The Great Washington County Food Bank to Young Life, they have supported many of these causes for up to twenty years. Retire Secure Financial Planning Managing Principal Nancy Tani, CFP®, JD, MBA , Retire Secure Financial Planning is a financial planning and investment management firm serving the greater Chicago area.

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Envision Wealth Planning

MARCH 1, 2022

Unlike buying organic foods to “do the right thing” when it comes to your health, you don’t necessarily have to spend more to do better. For example, an employer-sponsored 401(k) or 403(b) retirement plan is a wonderful perk. If you have an individual retirement account (IRA), you also have much more flexibility and control.

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Random Roger's Retirement Planning

APRIL 16, 2024

For many years, I've said I did not want to retire from what I do for a living realizing that is the sort of thing that I could change my mind at some point. Twenty years later and I am still in the same place, not wanting or planning to retire. We have some intermediate term planning/spending needs and we've started in on them.

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Yardley Wealth Management

JULY 10, 2020

The post Is Financial Planning a Pandemic Necessity? Is Financial Planning a Pandemic Necessity? Financial Planning magazine just released their annual tech survey and a corresponding article: Tech Survey 2020: Advisors losing faith in planning software. appeared first on Yardley Wealth Management, LLC.

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Random Roger's Retirement Planning

SEPTEMBER 22, 2022

A couple of different posts related to retirement from Humble Dollar to look at today. We talk about padding retirement budgets for unbudgetable expenses by $1000/mo or some other number relevant to your circumstance and history with unexpected one-offs. The last thing I would hope anyone would cut back on is healthy food.

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WiserAdvisor

SEPTEMBER 14, 2022

The average retirement age in America is 63. However, it may still be advised to start planning your retirement as soon as you can. Retirement planning is a long process. It can take several years to understand your future needs and accumulate enough savings to prepare for a financially secure retirement.

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Yardley Wealth Management

MAY 29, 2020

The post Should Pre-Retirees Take a New Look at #Retirement Income? Should Pre-Retirees Take a New Look at #Retirement Income? I recently was interviewed for an article in a national publication on retirement income, given the current market and job losses. I thought my answers might provide you some food for thought.

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WiserAdvisor

JANUARY 16, 2024

Preparing for retirement is a significant life transition that demands a clear understanding of your financial situation. This data can serve as a baseline for tailoring your retirement plan, taking into account factors such as inflation, your current age, and your desired retirement age.

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Random Roger's Retirement Planning

OCTOBER 3, 2023

He said that people should be prepared for two weeks in a hotel, plus food after a disaster without functional ATM machines. Forbes had an interesting article on something that I know will be an issue for me if/when I retire. Then, suggestions are given about how transition into retirement. Do you agree?

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Validea

SEPTEMBER 13, 2023

Define your financial goals and objectives, whether it’s retirement planning, buying a home, or funding your child’s education. Having a purpose-driven approach to investing provides direction and motivation, helping you stay on course.

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Random Roger's Retirement Planning

JULY 9, 2023

About 40 years ago employers started to pivot away from pensions to 401k, they started to pivot away from defined benefit plans to defined contribution plans. The only pension I am remotely close to is the Arizona Public Safety Personnel Retirement System. And then somehow push companies to do this? If correct, that argues no.

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Clever Girl Finance

SEPTEMBER 4, 2022

Save more by making your own food. One option is to make your own food. These frugal meal plans and cold lunch options may provide inspiration. A road trip food stop may be fun, but what if you could save more—and live better—by changing it up? I don’t know about you, but greasy road-trip food never makes me feel my best.

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Nationwide Financial

AUGUST 24, 2022

Key Takeaways: Preparing for retirement is important. But sometimes clients can use simplified tips to help them think through their plans. Knowing their monthly expenses, social security plans, long term tax implications, and more can be important steps in helping clients prepare for retirement. We all know that.

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Random Roger's Retirement Planning

DECEMBER 31, 2023

Barron's posted a couple of retirement related pieces; one article and one kind of slide show that looks like something posted on Instagram. Second one first, the slide show which was titled How To Retire Early. Templin is semi-retired and writes occasionally for Barron's. Without Regrets. Do with that what you will.

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Yardley Wealth Management

SEPTEMBER 28, 2022

Banning junk food does not.” For example, when your company auto-enrolls you in its 401(k) retirement plan, for heaven’s sake, let them. Having to donate to your worst anti-charity might be a strong nudge to stick to your savings plan! To count as a mere nudge, the intervention must be easy and cheap to avoid.

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Nationwide Financial

DECEMBER 20, 2022

Elder care planning, which includes long-term care planning (LTC) , is something many people think about as retirement closes in. One reason for a delay in planning may be the belief that long-term care means “ending up in a nursing home”. However, too many people just keep thinking about it and don’t act.

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Clever Girl Finance

OCTOBER 17, 2023

Whether you’re looking for a new job or just accepted an offer, knowing how much money you’re making—or could make—is essential for planning your finances. Many people contribute to retirement plans or pay their health insurance via employer deductions from their paychecks. It might be time to ask, should I max out my 401k ?

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