Monthly Archives February 2018

7 Signs You’re Not Saving Enough for Retirement

Even though it’s years away, we will all retire someday. Therefore, saving for retirement is an issue that affects everyone. But if you start asking around, you might find that many people have no idea whether they’re saving enough for retirement. In the worst-case scenarios, they know they aren’t saving enough – or at all! To evaluate your savings plan, ask yourself these questions… What is your savings rate? You should be able to answer this question off the top of your head. If you don’t know how much you’re setting aside for retirement each pay period, that’s a major
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Categories: Blog.

5 Basic 401(k) Facts You Need to Know

For many Americans, a 401(k) is their primary, or only, mode of investing in their future. It seems to be understood by most people that if your employer offers a 401(k), you should definitely take advantage of it by making contributions. But beyond that, many people feel lost. Utilizing a 401(k) to your best advantage involves a lot more than simply making contributions and hoping for the best. Take the time to learn at least these 5 basic facts about your 401(k), and you will begin to understand more about it (and possibly use it to better advantage). Your 401(k)
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Categories: Blog.

4 Trends That Might Affect Retirees This Year

Many of us only pay attention to politics every four years, during the Presidential election season. But the truth is that progress is happening all the time, particularly with regard to state-by-state changes. In fact, things that happen on a statewide level usually affect us as much, if not more, than national policy changes! With that idea in mind, the American Association of Retired Persons (AARP) has announced that they will lobby state legislators for the following changes this year. Keep in mind that these trends won’t necessarily become law, but do reflect growing awareness of the needs of retired
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Categories: Blog.

Why Do Some People Claim Social Security Early?

If you read our blogs regularly, you know that we often encourage you to wait as long as possible to claim your Social Security benefits. That’s because, for every year you wait beyond your full retirement age, you can reap a larger monthly check. The opposite is also true for claiming benefits earlier than full retirement age; you can begin receiving your checks as early as age 62, but they will be reduced by about 25 percent of the full amount you would have received otherwise. Yet, some people do choose to claim their benefits at age 62, and it’s
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Categories: Blog.