Monthly Archives March 2018

5 Potential Tax Pitfalls That Could Affect Your Retirement

Once you retire, many areas of life will become much simpler: No more work commute, career wardrobe, boring meetings, and hectic schedule! Hopefully retirement will feel like smooth sailing by comparison to your working years. However, one area of life might feel more complicated, at least at first… Watch out for these five income tax pitfalls, which are common amongst retirees. You’re retired, but your spouse is still working (or vice versa). Make sure you fill out that W-4 form correctly, or you might underpay your income taxes throughout the year. This situation can also occur if you’ve retired, but
Read More

Categories: Blog.

Yes, You Can Afford a Life Insurance Policy

Most people know that life insurance can be an invaluable resource, in the event of an untimely death. Not only are funeral and burial expenses prohibitive these days; most families would struggle to survive on only one income. Yet, many people resist enrolling in a life insurance plan because they view the premiums as yet another monthly expense. Most of us don’t enjoy paying bills, especially for something that seems a bit abstract. We have a bit of good news: Life insurance is actually more affordable than you probably believe and yes, you can afford a policy! Can you afford
Read More

Categories: Blog.

8 Things to Do Before You Retire

Retirement planning is not something you can accomplish in one day, or even one year. Truly, we should all plan for retirement from the very first day of our careers, spanning several decades! However, you will certainly accelerate your retirement planning efforts over the last few years of your working life. The following is by no means a complete list of the steps you will need to take, but it should help you focus your planning. Rearrange your priorities. If you haven’t already, make sure that you’re making your own future a top priority. Retirement savings and life insurance premiums
Read More

Categories: Blog.

5 Questions to Ask Before Claiming Social Security

Social Security will provide a predictable portion of your income in retirement, so you’re counting on those benefits being available when you’re ready to claim them. However, the claims process is actually much more complicated than many people believe, giving you plenty of opportunities to make minor (or occasionally major) mistakes. Before you set your target retirement date and file your claim for Social Security, make sure you can answer these questions. What is your full retirement age? Over the years, policy changes have raised the full retirement age, according to your birth date. You need to have this information
Read More

Categories: Blog.