Monthly Archives March 2017

Will Your Retirement Income Last?

Many of us watched our parents and grandparents retire with relative ease. They might have earned a pension through their employers which, along with Social Security and their own savings, provided them a reasonable lifestyle over the last decade or so of their lives. Now, retirement isn’t so simple anymore. For one thing, the average lifespan has increased so much that we might spend twenty or thirty years in retirement! On top of that, pensions have mostly gone the way of the dinosaurs. Most of us can’t count on a pension anymore. So, you’re going to live longer, but on
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Categories: Blog.

An Important Financial Discussion to Have

When it comes to your financial future, many different variables come together to determine your success. Budgeting, saving for retirement, planning for taxes, making investment decisions… all of these issues are important.  However, there might be one more issue that you’re overlooking, and it’s just as essential as all the rest: Do you talk to your spouse about money? You might believe that the two of you share the same goals and dreams (along with a bank account or two), but are you really on the same page where money is concerned? You might hope to avoid discomfort or even
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Categories: Blog.

Retirees Can Access Four Special Tax Benefits

When we think about retirement planning, we often focus on what we’re doing right now. Are we saving enough money? Are we paying down debts? How will we budget in retirement, to make that money last for the rest of our lives? It’s good that you’re asking those questions. However, once you retire, some things regarding your financial life will change somewhat. In particular, retirees will be able to access these four tax benefits, which might save you money. Your standard deduction will increase. The IRS offers a tax break to those age 65 and older, in the form of
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Categories: Blog.

Have You Set a Date for Retirement?

If you are still part of the workforce, you will probably focus mostly on saving as much money as you can. At some point, however, you might get a bit antsy and wonder, When will I be able to retire? You’re right to think about that! Whether you love your career, or can’t wait to stop working, setting a target retirement date will help you solidify your plans. You will know how much money you need to save, and you will be able to set a budget for withdrawing and spending your income. Picture your retirement. When you think about
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Categories: Blog.