Medicare benefits start at age is 65, but you can begin receiving benefits years before that. You can benefit from senior discounts if you sign up for an AARP or AMAC membership when you turn 50. The minimum age requirements for other discounts vary by company or locale and may be between 50 and 65 […]
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After years of diligent saving, many retirees become unsettled by the volatility in the markets, along with the risk of the unknown. The free-floating anxiety that exists when questions like when should you start withdrawing funds, how much is too much, will you have enough money to cover unexpected expenses, what if you outlive your
Uncertainty continues to be the only constant, and volatility is likely to continue as the market reacts to the changing trade landscape. While that can be nerve-racking, our position has always been one of prudence and remaining resilient when mitigating the risk of you losing your hard-earned retirement savings. We believe that will continue to
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We all know that it is not uncommon for one spouse to be the primary decision-maker when it comes to managing a couple’s money. But this approach can have consequences. One major consequence is if the spouse with the hold on the couple’s financial situation becomes incapacitated or dies, the other spouse may find themselves
It isn’t always easy to save for retirement, in part because, for many people, it is far enough away that we don’t feel any sense of urgency. One possible solution? Make the future feel closer. You can start this process by asking what future benefit could be provided by choosing where you put your retirement
One common concern among retirees is that they may outlive their retirement funds. As a result, many people are scared to spend their retirement funds. It\’s not surprising, given how ill-prepared many Americans are for retirement. Professionals in the financial services industry frequently say exactly that. It\’s not surprising that many retirees are hesitant to
Many are Scared to Spend Money in Retirement Read More »
Last week, we spoke about RMDs and we were then asked to take it a step further and talk about the issue of leaving an IRA to beneficiaries once you have begun to take your annual distributions. With an Inherited IRA, you may either need to take annual distributions no matter what age you were
An interesting study performed by the Center for Retirement Research at Boston College delved into the concept of lifespan variation, and why it provides valuable information about mortality beyond life expectancy. \”It is precisely this uncertainty around the average lifespan that gives rise to “longevity risk” – the possibility of living an unusually long time
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Are you the kind of person who likes to make lists? You might see the use in this list of “five easy steps for financial fitness.” #1 Create a budget; #2 Manage your debt; #3 Create a plan that keeps you disciplined in all kinds of markets; #4 Prepare for the unexpected; and #5 Protect
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Withdrawing an extra $10,000 from your savings for a new roof may not seem like a big deal at the time. But, costs add up, and plans for covering future costs may be disrupted. Every little bit counts in retirement, so you should have a detailed budget that covers as many potential problems as possible.
Unexpected Retirement Expenses Read More »
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