A fast-approaching retirement may be one of life’s most stressful experiences. You wonder if you’ve done enough to save. You worry you’ll outlive your wealth. You might even decide that retirement simply isn’t an option for you. Fortunately, whether your targeted retirement date is next week or next year, you still have time to strengthen […]
Many Americans are having a crisis of confidence when it comes to whether their savings will meet their retirement goals. To that point, 52% of working Americans feel they are behind on their retirement savings, according to a new survey from Bankrate.com. They may be on to something. There’s a $4 trillion difference between the […]
If you’re interested in personal finance, you’ve probably heard the tried-and-true advice that budgeting is essential to achieving financial independence. We’re often told that if we don’t diligently track our income, expenses and debt each month we won’t ever get our finances in order. It’s easy to understand why so many personal finance experts recommend […]
Some people stick with the same career their entire lives. Others mix things up, either because they want to keep work interesting or because they realize they’ve chosen the wrong field in the first place. No matter which camp you’re in, you may be contemplating a career change in the coming year. To know if […]
Agood plan for investing is to buy quality stocks and hold them for many years. But sometimes, plans need to change. If you have a stock in your portfolio that’s been underperforming, you may not be sure how to approach it. Do you wait things out and hope for the best, or dump that stock […]
Medicare provides health insurance coverage for seniors 65 and older. Having the right coverage is crucial to avoid financial disaster, as medical care is one of the biggest expenses most older people face. That’s why it’s so important to take advantage of the opportunity to research your Medicare options during open enrollment each year. However, […]
Most people spend $100 per month (or more) for cable TV or streaming services, their cellphone service, gas, coffee to go, or any number of things without thinking about it. Some people even spend money on subscriptions they’ve forgotten they had. I recently realized I was paying way too much for an audiobook service that […]
Get those wallets ready: The holidays are fast approaching. But as long as you’re grabbing your wallet, take out your smartphone, too. These helpful apps let you save better, shop smarter, and do more with less. PAY IT OFF OVER TIME You’ve got a lot of stuff to buy inside a tiny window of time. […]
The last year has had the world focused on COVID-19 and its implications not only on how we live day-to-day, but potentially on how we may live in our future retirements. The virus, in many ways, has taken our attention from some of the more serious illnesses that impact those around us on an ongoing […]
You’ve heard of the Seven Deadly Sins. They have been around forever. In case you have forgotten, they are Lust, Gluttony, Greed, Sloth, Anger, Envy and Pride. Each plays a role when your client suddenly finds themselves unprepared for retirement. Let’s look at them in a different order, because some are more obvious than others […]
Open enrollment for Medicare goes from Oct. 15 to Dec. 7 each year, when Medicare beneficiaries choose their coverage for the next plan year. As Medicare enrollees contemplate their choices for 2022, here are overall Medicare changes to keep in mind. Original Medicare costs are going up Original Medicare includes Part A and Part B. […]
Key Points If your 401(k) has high administrative fees, you may be able to save by rolling that balance into an IRA. Lowering your living expenses now can improve the longevity of your savings. Income-producing assets (like dividend stocks) reduce your reliance on selling securities in retirement. A fast-approaching retirement may be one of life’s […]
