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

LTC

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. […]

Early Retirement Strategies: Plan to Stay Healthy After You Retire

Early Retirement

Many people today dream of being able to retire earlier than the traditional retirement age of 65. Doing so would enable them to pursue goals and activities that they never had time for while working full-time, such as volunteering, travelling and engaging in their favorite hobbies and sports activities. However, there’s a growing body of […]

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 […]

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 […]

5 Tasks for Your Retirement Checklist

checklist-01

Many people keep checklists for a wide variety of different activities — everything from their daily chores and to-do’s to items they need to take with them on vacation. But have you ever thought about creating a checklist for your retirement? Doing so is especially important if you are nearing the age and date when […]

Four Retirement Savings Steps for Millennials

retirment saving millennials

Saving for retirement isn’t high on the priority list for some Millennials. After all, there are lots of other financial obligations you probably have to worry about right now — things like repaying college loans, buying a car and paying for car insurance, and saving for a down payment on a first home. But if […]