Did you make any resolutions concerning your personal finances last January? While many fell off their savings plan this year due to COVID-19, there is one move to make before year-end to get you back on track in the new year.
Despite paying taxes your whole working life, unfortunately it doesn’t stop when you hit retirement. However, there are moves you can make now to significantly reduce your tax bill in retirement.
When thoughts turn to retirement, daydreaming of a relaxing life can quickly turn to panic if you realize you’re not financially – or mentally – prepared.to planning a successful retirement.
Retirement presents a unique set of challenges that many of us never think about, even as we plan for it. This can be a daunting undertaking. Let’s look at some key points that can get you on the right track to planning a successful retirement.
Stopping fights before they start is yet another reason why an estate plan is necessary. This will enable you to choose who controls your finances and assets if you become mentally incapacitated or after you die and will go a long way toward quelling any family strife and ensuring that your assets are handled in the way that you intended.
While it’s a great thing Americans are living longer, the hurdle with getting older is shifting to how to financially prepare for a 20, 25 or even 30 year retirement.
Estate planning isn’t only for the rich. Without a plan in place, settling your affairs after you go could have a long-lasting—and costly—impact on your loved ones, even if you don’t have a pricey home, large IRA, or valuable art to pass on.
Retirement is meant to be enjoyed. To have a comfortable, stable – and fun- retirement, you need to build the financial cushion that will fund it all.
Retirement is a topic that regularly makes headlines, and not all of them are encouraging. A wave of studies this year show just how unprepared Americans are when it comes to saving – and planning – for their golden years.
Retirement is different now than it was just ten years ago. Therefore you need to change your way of thinking about retirement. If you’re planning on applying old strategies in today’s world, you could be in big trouble.
2020 has been the year of chaos and confusion. But your retirement planning doesn’t have to be. Check out our top 4 dangerous retirement myths that need to be debunked once and for all.
Retiring with $1 million to your name would give you around 4x the net worth that the median American household has in retirement. While having a million-dollar portfolio is a retirement dream for many people, making that dream come true requires some serious effort.
The U.S. economic outlook darkens daily, with millions facing unemployment and businesses in a steep decline. Could this change retirement plans for millions of Americans?
Marriage can certainly be beneficial in retirement planning; but that doesn’t mean that if you’re single, you should rush to get hitched to secure security in your old age. With careful planning and diligence, single, widowed and divorced women can fare just as well.
Retirement planning isn’t an “old people” thing. It’s a smart people thing. And it’s never too early to start planning for your retirement future. So let’s get started!
The AMORE Act is intended for those who couldn’t afford to make contributions because of COVID-19. The introduced COVID Catch-Up Bill would allow individuals to compare their actual contributions to retirement accounts such as 401(k) plans.
One of the biggest retirement planning mistakes you can make is not knowing how much money you will need to live comfortably. Don’t get caught off guard by these often-overlooked expenses that could derail your dream retirement.
If you feel like the pandemic is derailing your retirement plans, steer clear from these missteps to help keep you on track during these financially troubling times.
Are you considering changing up retirement plans due to COVID-19? Now is a great time to reexamine your retirement strategy, but don’t make any drastic changes just yet…
Saving for retirement isn’t a one-size-fits-all process. In fact it goes way beyond stashing money away each month. Since every situation is unique, it’s important to look for a retirement account that best lines up with your circumstances and future goals.
Taking the time and planning for retirement isn’t just a luxury. It is a necessity. However, it can be confusing. As a result, there are several common mistakes people make. Each mistake on its own can severely affect you retirement lifestyle. Making several can mean total derailment