Budgeting for Retirement Budgeting for retirement is an important topic those nearing retirement age need to consider. According to the Bureau of Labor and Statistics the average American age 65 or older will spend close to $60,087 a year. In this article, we will go over some basics regarding budgeting for retirement to help [...]
Types of Retirement Accounts To help you save for retirement there are several types of retirement accounts. These accounts include Traditional IRAs, Roth IRAs, SEP IRAs, SIMPLE IRAs, 401ks and 403b plans. In this article, we will go over the basics of these 6 types of retirement accounts. Traditional IRA IRA stands for Individual [...]
Five Years Before Retirement-What You Need to Know Five years before retirement is a critical juncture. If you are prepared, all you must do is maintain your retirement program. However, if you find out you are not prepared, you may need to make modifications to your retirement plan or retirement date. In this article, [...]
4 Retirement Pitfalls and How to Avoid Them Retirement pitfalls can throw a wrench in your plans and cause distress during retirement. In this article, we will review what 4 of these retirement pitfalls are and how you can avoid them. 1. Not Planning for Long Term Care Many people do not realize that [...]
Retirement Planning Frequently Asked Questions Retirement planning is on the minds of many. But you may not be sure when to start. In this article, we will answer 6 frequently asked retirement planning questions. How Much Money Do I Need? The amount of money you need to have accessible for retirement varies on many [...]
Retirement Planning for Small Business Owners Retirement planning for small business owners can be more difficult than for the average person. But successful planning is not impossible. In this article, we will give details on the keys to successful retirement planning for small business owners. The Challenges Small business owners face a unique set [...]
Assisting Aging Parents with Their Finances Assisting aging parents with their finances can seem like a daunting task. Discussing finances is an uncomfortable topic that many put off or completely avoid. But it is important to have these discussions, so you know your parents' wishes and you are prepared to step in when they [...]
Risk and Retirement Planning Risk and retirement planning go hand in hand. To have a successful retirement plan you need to understand the risk and how to mitigate its effects. In this article, we will go over the different types of risk, how you can manage risk, and how it factors into your investment [...]
Retirement Goals by Age No matter how old you are, everyone asks themselves “Am I putting enough aside for retirement?”. It can be hard to determine if you are on track. In this article, we will go over different retirement goals by age. These are very generalized mile markers to help you stay on [...]
Building Your Ideal Retirement Portfolio The ideal retirement portfolio will differ from person to person. What is an ideal retirement portfolio? It is a portfolio that will allow you to retire comfortably. While each portfolio will differ, generally it should contain certain core characteristics. In this article, we will go over those characteristics and [...]
