Retirement Planning

Practical Tips for Starting Your Retirement Off on the Right Foot

Retirement planning can be stressful because there are a lot of things to keep track of. One of the steps that often gets overlooked is announcing to your employer that you are going to retire. This may require writing a letter to explain your plans while also choosing a date for your last day of [...]

By |2021-07-09T18:49:24-04:00July 9th, 2021|Retirement Planning|

How Much Do You Need to Save for Retirement?

  While $1 million is sometimes cited as the ideal number for retirement savings, this assumes a one-size-fits-all approach to retirement planning. Everyone's retirement goals are unique, and preparing for retirement might not be as simple as saving a certain amount at all. It's worth taking a more in-depth look at your finances and future [...]

By |2021-05-17T00:17:53-04:00May 17th, 2021|Financial Planning, Retirement Income, Retirement Planning|

Have You Factored Inflation into Your Retirement Plan?

We’ve seen increased government spending due to COVID and significant increases in government debt. Some economists theorize that this could lead to increased inflation, and many claim that we are already seeing the effects. Although the official inflation rate may remain low for now, you may notice price increases of everyday items and services. If [...]

By |2021-05-10T11:09:54-04:00May 10th, 2021|Economy, Financial Planning, Retirement Planning|

Will You Have to Retire Earlier Than You Expected To?

If you’re nearing retirement age and know you’re not financially prepared for retirement, your solution may be to work longer. While forgoing an early retirement can be prudent, your career might not last as long as you’d like it to. The pandemic and resulting economic conditions forced 1.9 million workers ages 55 and over out [...]

By |2021-05-07T17:24:01-04:00May 7th, 2021|Financial Planning, Retirement Planning|

Don’t Forget About These Big Retirement Expenses

The rule of thumb says you’ll need about 80% of your pre-retirement income in retirement, but everyone is different. Many retirees want to upgrade their lifestyle in retirement or maintain their current lifestyle. In fact, a recent study shows that about one in three retirees actually spent more than they expected they would when they [...]

By |2021-04-19T02:22:12-04:00April 19th, 2021|Financial Planning, Retirement Planning|

Win the Retirement Lottery Without Winning the Lottery

There are so many stories about entertainers, athletes, and lottery winners who have all lost their fortunes and ended up bankrupt. Each one of these people lost millions of dollars, and in many cases, enough money to last an average family for generations. When these stories come to light, people often make comments about how [...]

By |2021-04-16T17:56:05-04:00April 16th, 2021|Financial Planning, Retirement Planning|

More Time to File Taxes and Review Your Retirement Plan

Tax season is the perfect time to take stock of your overall finances and how they may have changed in the last year. And luckily for you, tax season is extended until May 17th this year, so you have even more time to do that! As you go through important documents, make sure to review [...]

By |2021-04-12T10:24:06-04:00April 12th, 2021|Financial Planning, Retirement Planning, Taxes|
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