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What is Insurance? The Basics
You’ve probably had insurance policies your whole life. But you may not be fully aware of how each part of the insurance works or why it works the way it does. And more importantly, as you move toward your retirement, insurance may be something that ends up being very important to your financial and physical well-being. So, we’ve put this [...]
3 Ways to Reduce the Taxes on Your Investment Portfolio
Do you know how your investments are taxed? What about strategies to reduce your tax burden when it comes to your investments? If you answered no to either of these questions and you currently have a long-term investing portfolio, this article is for you. Let’s take a quick look at what is actually taxed when it comes to your investments: [...]
Tax Deduction Ideas for Homeowners
If you’re looking to reduce the amount you pay in taxes (or increase your yearly refund), this article may have some tax planning strategies for you. Your tax bill might be one of the largest expenses in your retirement. And if your employer withholds your taxes from your paycheck, you may not truly get a sense of how much you’re [...]
5 Things to Help You Get Started on Legacy and Estate Planning
Do you have a plan for what will happen to your assets when you pass away? This may be something that you should be working into your overall financial plan. Without a specific estate plan and legacy plan, you won’t know what is going to happen to your money after you are gone. Think about the good you can do [...]
How to Know if You Have Enough Saved for Retirement
The most pressing question regarding retirement is, "What amount should I have in savings?" This concern might cross your mind a lot. It could even be a source of significant stress for you. The idea of laboring well into your 70s or 80s is not appealing, so how can you make sure that your savings are enough? Begin from this [...]
Don’t Leave Your Retirement Stability Up to Chance
One crucial aspect that you should financially monitor is the common financial stumbling block encountered when shifting to a retirement lifestyle. Here are some valuable insights from our professionals for those on the verge of retirement: Stick to a Well-Constructed Plan Having a well-defined blueprint for your retirement plan, which considers your budget and expected expenditures, is crucial. If your [...]
Long-Term Care Costs Could Hurt Your Savings… But You Have Options!
Chances are you haven’t factored long-term medical care into your financial plan. Two out of every three baby boomers don’t have any plan in place for needing long-term care.[1] Long-term care is medical care that goes beyond just normal doctor’s visits. It is medical care where someone helps you with the functions of everyday living, like eating and bathing. It [...]
What to Know When Retiring into Uncertain Times
There has been a lot of chaos in the market over the last few years, and you may find yourself worried that you’re retiring at the wrong time. You may be worried that you will retire right before the markets and economy turn sour. These are both legitimate concerns, but there are strategies that you can employ to protect yourself [...]
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