Category: Retirement

Saving up for retirement can be a challenge for those who are self employed, due to the lack of employer sponsored benefits, matching contributions, and automatic payroll deductions. Fortunately, there are several retirement plans available for the self-employed, independent contractors, and those with non-traditional income sources. Here are four retirement plans that can help you […]

Millions of Americans are dependent on Social Security for their post-retirement income. Data shows that nearly 20% of retirees are entirely dependent on it — with Social Security benefits constituting up to 90% of their income. The good news is that your benefits are not “fixed” in the literal sense. There are many steps you […]

If you are approaching retirement and worried that you do not have sufficient savings, you are not alone. Data shows that 22% of Americans have less than $5,000 in retirement savings. Fortunately, there are several steps you can take to catch up on your retirement savings — even if you are in your 50s. Let’s […]

When my father retired many years ago, I recall he received a gold watch in recognition of his years of service and a pension. In today’s society, many individuals must rely on their 401(k)s or individual retirement accounts (IRAs) to help fund their retirement. Not only that, but they also need to make informed decisions […]

The concept of retirement has been always been romanticized and glorified in popular films and TV. But retirement is a post-working life financial plan. It requires planning, strategy, and dedication. One way a lot of retirees are making their retirement dollars stretch is by living abroad. While the cost of living is temptingly low in […]

A new law passed by Congress will now require your 401(k) to show you this very important piece of information: How much income to expect in retirement. The Setting Every Community Up for Retirement (SECURE) Act enact several sweeping changes to qualified retirement savings plans such as 401(k)s. One of the most significant aspects of […]

Divorce can occur at any adult age, but its consequences can be more financially destructive the older that we get. We usually hit our financial peak after middle age. And if you have been married for more than a decade but nearing retirement age, then both parties could be emotionally invested in the marriage. If […]

A significant number of Americans rely on their Social Security benefits as their sole or primary source of income. While that may seem like a startling statistic, it is not as bad as it may sound — depending on where you live. When it comes to Social Security and retirement, the cost of living can […]

Estate planning is a crucial aspect of securing your assets and ensuring your loved ones are taken care of after you pass away. Two primary instruments used for estate planning are trusts and wills. Although both serve similar purposes, they have distinct features that cater to different needs. In this blog, we’ll explore the key […]