Long-term Care Insurance: Is This a Good Buy for You?


One aspect of retirement planning many people neglect is the possibility that they may face crippling costs for long-term care (or LTC) after they retire. In fact, if you’re 65 years of age or over, there’s a 70 percent chance that you will require some type of long-term care services, notes the U.S. Department of […]

Catching FIRE: How to Retire Super Early

early bird

There’s a growing movement among some people today to retire far sooner than what is generally considered to be the traditional retirement age of 65. Known as FIRE — which stands for Financial Independence Retire Early — this strategy generally involves living a frugal lifestyle in order to save large amounts of money for retirement. […]

What is the Tax Torpedo — and How Can You Avoid It?


Understanding all the details and nuances of Social Security benefits can sometimes be difficult. For example, one source of confusion for many people has to do with whether or not Social Security benefits are taxable. Social Security benefits themselves generally aren’t taxable, but there is a situation where a portion of benefits may become taxable. […]

What You Should Do When You Reach These Retirement Age Milestones

retirement milestones

The age of 50 is a milestone for many reasons — not the least of which is the fact that 50 is a nice, round number that’s also the equivalent of half-a-century. Practically speaking, 50 is also an important age when it comes to your personal finances. Starting at 50, there are a number of […]

The Retirement Savings Crisis: Buck the Trends in Retirement Savings

Retirement Crisis

The sad truth is that most working-age U.S. households are nowhere near ready for retirement. According to The National Institute on Retirement Security (NIRS), the median retirement account balance for working-age American households is only $3,000. Even most Americans who are close to retiring are woefully unprepared, with a median retirement account balance of only […]

Make Note of These Cost-of-Living Adjustments for 2018

Cost of Living Adjustments

Each year, the IRS makes cost-of-living adjustments (or COLAs) to dollar limitations that apply to qualified retirement accounts and Social Security. With the new year right around the corner, now is a good time to review these adjustments for 2018 and assess their potential impact on your financial plans. COLAs Affecting Retirement Accounts If you […]

Plan Now for Paying Retiree Healthcare Costs

healthcare savings

Healthcare costs have become a hot topic of conversation recently as our legislators continue to grapple with how to provide access to affordable health insurance for all Americans. But one aspect of healthcare costs that hasn’t gotten as much attention is managing these costs during retirement. Medicare Isn’t a Panacea Many people believe that once […]

Retiring Early: How to Make This Dream a Reality

retiring early

The age of 65 has often been viewed as the “traditional” retirement age in the U.S. But there are no laws stating that you have to retire at 65. Most people have the freedom to retire whenever they want, assuming they have the financial means to do so. This includes retiring early. Many people dream […]

Will You Outlive Your Retirement Savings?

Outlive retirement

Many people base their retirement saving and distribution strategies on life expectancy projections made by the Social Security Administration. According to these projections, once he has reached age 65, the average male in the United States will live to age 84 and the average female will live to age 86. But there’s something very important […]

Retirement Planning Strategies When There is a Sizable Age Gap

age gap

Most married couples tend to be relatively close to each other in age. According to the most recent U.S. census data, the average age gap between married couples is 2.3 years. However, in 10 percent of marriages, the age gap is more than 10 years. Unique Planning Challenges A sizeable age gap between spouses can […]