Getting Your Financial Ducks In A Row

APRIL 3, 2023

We’ve covered a lot of ground with regard to how various tax laws impact your retirement plans: pensions, IRAs, 403(b) and 401(k) plans. State Tax The big deal with state tax laws and retirement plans is that some states have special tax deals for money inside of retirement plans.

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The Chicago Financial Planner

JANUARY 17, 2022

Annuities are often touted as the “cure” for all that ails your retirement. In the case of Executive Life, thousands of annuity recipients were impacted in the form of greatly reduced annuity payments which in many cases permanently impacted the quality of their retirement. Not sure if your investments are right for your situation?

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Advisor Perspectives

MAY 22, 2023

The initial retirement age was not based on life expectancy but rather on the political and social realities of the time. Social Security has always been born from political rather than financial necessity.

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A Wealth of Common Sense

APRIL 4, 2023

I’m in Florida on Spring Break this week so here’s an excerpt from my book Everything You Need to Know About Saving For Retirement. How much will healthcare cost during retirement? When you first set out to save and invest your mindset is often stuck on the idea of becoming rich. Do I have enough money saved?

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MainStreet Financial Planning

MAY 4, 2023

Exploring Retirement Housing Decisions Hosted by: Jennifer Bush, CFP® MainStreet Financial Planning As people approach retirement age, one of the most significant decisions they face is where and how they will live during their golden years. Topics Include: What are some considerations when choosing a retirement home?

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NAIFA Advisor Today

MAY 31, 2023

If you are concerned about diversifying your clients' income during retirement and are searching for strategies to protect against potential increases in taxes and inflation, then j oin the next Advisor Today webinar on Tuesday, June 13 at 2 pm eastern with Allianz.

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Integrity Financial Planning

MAY 8, 2023

You may know plenty about the differences between traditional IRAs and Roth IRAs, as well as the risks to your IRAs in this market, but what happens to an IRA (or other retirement account) that still has money in it when its owner passes away? 1, 2, 3, 5] [link] [4] [link] The post What Happens to Inherited Retirement Accounts?

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A Wealth of Common Sense

JUNE 1, 2023

Total retirement savin. Here’s my scenario: Mid 30s, worked at a public University for 11 years and left to take a job in the private sector. I have a pension at the University with a guaranteed fixed income and just starting a new 401(K).

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Nerd's Eye View

SEPTEMBER 29, 2022

As an individual begins planning for retirement, one of the factors often considered is whether (and where) they might relocate to enjoy their retirement. When evaluating their potential options across the U.S., a state’s income tax rules can have a significant impact on where they might choose to live. Every state in the U.S.,

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Integrity Financial Planning

APRIL 14, 2023

When you enter retirement, your first action may likely be to take advantage of the ability to do nothing. In retirement, this assumption is flipped on its head. Work” in retirement isn’t something you have to do; it’s something you actually want to do. In retirement, you should aim to turn your hobbies into full-time projects.

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Integrity Financial Planning

APRIL 18, 2023

If you are headed toward retirement soon, or you have just retired, you may find yourself wondering, “Is my nest egg enough?” As you know, medical expenses, long-term care, housing repairs, and other unpredictable costs are just a part of life, so how can you prepare for those kinds of things during your retirement?

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A Wealth of Common Sense

MARCH 5, 2023

According to the Bureau of Labor Statistics, nearly 70% of private industry workers had access to a workplace retirement plan in 2021. It’s estimated more than 100 million Americans are covered by a defined contribution retirement plan. That’s a lot of money but is it enough to retire comfortably?

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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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Random Roger's Retirement Planning

APRIL 23, 2023

The Atlantic had what I would describe as a very left leaning article about lowering the retirement age in the US while increasing payroll taxes to pay for it and to cover the expected shortfall in Social Security due to hit in 10-12 years. It was short anecdotes from older white collar workers who are planning to never retire.

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A Wealth of Common Sense

FEBRUARY 21, 2023

Bloomberg asked investors from around the globe one of the most important questions in all of personal finance: How much is enough to retire comfortably? The results were a tad on the high side: The average number came in somewhere between $3 million and $5 million.

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Advisor Perspectives

APRIL 26, 2023

ESG is a failure, its advocates are to blame, and the concept should be retired, according to Damodaran. The fiercest adversary of investing based on environmental, social and governance (ESG) is Aswath Damodaran.

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The Chicago Financial Planner

NOVEMBER 8, 2021

As someone saving for retirement , what should you do now? The PBS Frontline special The Retirement Gamble put much of the blame on Wall Street and they are right to an extent, especially as it pertains to the overall market drop. Approaching retirement and want another opinion on where you stand? Review and rebalance .

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Integrity Financial Planning

MARCH 5, 2023

Are you unsure of how much money you will need in retirement? This is a very common concern for Americans as they approach retirement age. One of the easiest ways to judge how much money you will need in retirement is to take stock of how much money you need right now. [1] 3] How Many Years of Retirement Should I Have Saved For?

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Carson Wealth

JUNE 1, 2023

Your retirement is the culmination of years of careful planning, and you don’t want to fumble the ball when the end zone is in sight. Download our checklist of key tasks to complete in the year leading up to your retirement to make sure you’re prepared for this major life milestone.

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Nerd's Eye View

JULY 20, 2022

A sabbatical refers to a period of time in which someone takes an extended, planned break from work prior to retirement, often as an opportunity to focus on their wellbeing and/or to gain valuable perspectives of life outside of work.

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Advisor Perspectives

MAY 29, 2023

Some of the most common questions clients ask advisors revolve around retirement: How should I save for retirement? Will I have enough money to retire? Will I be able to leave something behind for my children or for philanthropic causes? New research from Dimensional addresses these questions.

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Random Roger's Retirement Planning

FEBRUARY 25, 2023

Bloomberg conducted a survey about how much money people need to retire and the respondents said $3-$5 million. Using the 4% rule for safe withdrawal percentages, if you're 10 years away from when you want to retire, how do the numbers look? Well, then. What about 5 years away? Can you create that situation for yourself?

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Financial Symmetry

MAY 30, 2023

What can hockey teach us about pursuing your ideal retirement? And despite … Continued The post Developing Your Retirement Game Plan, Ep #191 appeared first on Financial Symmetry, Inc.

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Carson Wealth

MARCH 29, 2023

The same is true of retirement planning – if you zero in on your portfolio and nothing else, you’ll miss out on some major factors that can make a significant difference in your retirement and ultimately your bottom line. Taxes can be a huge drain on your retirement funds, and you need to be proactive about planning for them.

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Nationwide Financial

AUGUST 24, 2022

Key Takeaways: Preparing for retirement is important. Knowing their monthly expenses, social security plans, long term tax implications, and more can be important steps in helping clients prepare for retirement. Like a lot of people my age, I find myself thinking more and more often about retirement these days. We all know that.

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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 16, 2023

In most cases, you can’t actually keep your money in your retirement accounts forever. Even if you don’t need the money from your retirement accounts, many of them will require you to begin withdrawing from them when you are 73 years old. [1] RMDs are very important to understand for inherited retirement accounts.

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Advisor Perspectives

APRIL 3, 2023

However, if you are heading into retirement and you do not have a solid tax plan in place, you could be paying thousands of dollars in taxes needlessly. Tax issues are an area most of us focus on once a year.

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Integrity Financial Planning

MAY 30, 2023

If you are curious about other financial aspects of retirement and are looking for guidance, reach out to our professionals for a complimentary review of your finances. [1-2, 1-2, 4-6] [link] [3] [link] The post Healthcare in Retirement: The Basics appeared first on Integrity Financial Planning, Inc.

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Integrity Financial Planning

APRIL 21, 2023

Retirement is a time to relax, reflect, and pursue personal interests that were set aside during one’s working years. For those entering retirement, there are many hobbies to consider that are both fulfilling and enjoyable. The Great Outdoors For those who enjoy physical activity, hiking can be a great hobby to explore in retirement.

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Integrity Financial Planning

FEBRUARY 24, 2023

Now that you’ve worked to set up a great life after working for so long, it can be a great idea to help avoid those retirement blues and start your retirement off with a bang! One way to kick things off the right way is to consider having a party with your friends and family to celebrate your retirement. Throw a Party!

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Wealth Management

MAY 15, 2023

Envestnet co-founder and CEO Bill Crager describes how the company is investing heavily to assist advisors deal with retirement from all sides.

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Random Roger's Retirement Planning

FEBRUARY 11, 2023

Barron's has a bunch of articles on retirement in this week's issues. The article contends that people have talked themselves into "wanting" to work longer because of how low retirement balances are. The article contends that people have talked themselves into "wanting" to work longer because of how low retirement balances are.

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Carson Wealth

AUGUST 25, 2022

How much do I need for retirement?” Your financial needs in retirement can depend on dozens of factors – some known and some unknown. One or two million dollars may seem like a lot of money to have set aside for retirement. A Retirement Reality Check. The concept of retirement continues to evolve with the world around us.

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Financial Symmetry

AUGUST 8, 2022

Have you ever wondered how your retirement preparations compare with others? The post Choose Your Own Retirement Adventure – The 4 Types of Retirement Journeys, Ep #170 appeared first on Financial Symmetry, Inc. This is a common question that we hear as financial advisors.

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Wealth Management

FEBRUARY 16, 2023

The author of the recently published book, Retirement Reboot: Commonsense Financial Strategies for Getting Back on Track, discusses the challenges of retirement planning from both an advisor’s and client’s perspective.

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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. Risk Tolerance: What is your asset allocation?

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