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Keep An Eye On Your Expenses and Retirement Budget
According to the Nationwide Retirement Institute, for those working at age 50 and older, 44% of them believe that their living expenses will stay the same once they leave the workforce. And, interestingly enough, approximately 34% expect their living expenses to decrease, while 22% believe they’ll go up. You most likely can expect things like your food budget and electrical [...]
Memorial Day – A Time to Remember and Honor
Well, we made it through another winter and now the unofficial start to summer has begun. That’s right, with this weekend’s celebration of Memorial Day, the time to fire up the grill and gather with friends and family is officially here. Unfortunately, that’s the first thing that comes to mind for many people when celebrating the big holiday weekend. That [...]
Let’s Talk Long-Term Care Planning
No matter how healthy you are right now, or “plan” to be later on in life, it’s essential for you to protect your retirement savings from potential Long-Term Care (LTC) and other health-related expenses. Without a solid plan in place that addresses the potential expenses associated with LTC and health risks, your savings could be at risk. So today, let’s [...]
Maximize Your Leisure Time in Retirement
It’s not surprising that, according to the American Time Use Survey, retirees enjoy 7-8 hours of leisure time per day. Your newfound free time in retirement is equivalent to a traditional workday in the office. Only, you might be able to squeeze in a few more naps and hours of television than you could when working. So, how do you [...]
Don’t Forget About Healthcare In Your Retirement Plan
According to a recent analysis by Fidelity Investments, a couple retiring at age 65 this year could end up paying $280,000 on medical care in retirement. While this estimate is over a roughly two decade period, it does not include prices for dental care, long-term care, and over-the-counter drugs. And, as Americans are living longer, this estimate will likely continue [...]
Don’t Forget Your Retirement Planning Basics
In the olden days, retirement planning used to be much easier. You worked hard and for long enough to be eligible for a pension, saved a little along the way, and were well taken care of by the government. Nowadays, retirements last longer than ever and many Americans are struggling to save enough in order to support their lifestyle throughout [...]
Your Taxes are Filed… Now What?
Unless you had to file for an extension on your 2017 income tax returns, you’re probably feeling pretty good about yourself that you were able to check “Tax Day” off of your to-do list. However, with the new tax law, known as the Tax Cuts and Jobs Act, it’s important that you review your current tax planning strategies and develop [...]
What Role Does Social Security Play in Your Retirement Strategy?
More than likely, Social Security will represent a portion of your monthly retirement income. But, how big of a role will it play in your overall retirement strategy? According to a recent survey performed by The NHP Foundation, 62% of retirees who’ve created a budget stated that Social Security income will contribute to at least half of their monthly retirement [...]
