Retirement planning is the process of determining how much you will need to save and invest in order to have enough money to live on during retirement. It involves setting goals, analyzing your current financial situation, and making a plan to help you reach your retirement goals.
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Medicare regulators want beneficiaries to be told explicitly about some potential risks of signing up for Medicare Advantage plans instead of original Medicare....
Hi all - I work for the state of NC and plan to retire soon (target date is 2/28/25). The state offers "retirement counselors" but I have received no response to my emails or voicemails regarding fair...
We answer a question from a 44-year-old Pittsburgh bus driver earning over six figures annually who maxes out a Roth IRA, contributes 10.5% to a 457 plan, and is covered by a pension. He owns five ren...
Even as they approach retirement age, half of Gen Xers have not done any retirement planning....
Discover the opportunities and limits of modeling your Roth conversion opportunities and get 6 tips for doing better. The post Planning for Uncertainty: Why Roth Conversions Require Iteration, Not Per...
Author and executor advisor David Edey shares how to prepare your estate and your executor to leave a legacy behind instead of a mess....
Reviewing your estate plan is an important part of the year-end review sessions that we hold at Keen Wealth. At least annually, folks should make sure that their plan is still in sync with how they wa...
The GAO report also lists recommendations for the DOL to improve federal monitoring of…...
The IRIC expects to see in-plan retirement income to make a big impact in 2025...
Are you mistaking a Monte Carlo analysis for real financial planning? I'll explain why this common tool, often used by financial advisors, is not a substitute for a true financial plan. A Monte Carlo ...
? Show Notes Join us in this episode as we delve into the complexities of retirement planning with Dr. Daniel Crosby, author of The Soul of Wealth. Discover the importance of learning what to ignore a...
Consider this host of strategies to help clients keep more of what they earn....
Having missed out on yesterday's pensions and today's 401(k) features, the latchkey generation is woefully unprepared for retirement. Here's how advisors can help....
As Bitcoin prices surge and the number of online accounts for each American continues to grow, digital asset planning is becoming increasingly important....
Position your retirement income for 2025 with these 4 smart planning tasks. From inflation protection to portfolio rebalancing, ensure financial peace of mind....
Health issues. Death. Politics. Some topics make for uncomfortable conversations, but financial advisors need to have them anyway....
Many people believe that saving a million dollars is the golden ticket to a perfect retirement. However, without a comprehensive plan, that million can quickly diminish. Let’s break down why.&he...
This article in the November 2024 Bulletin by Richard Eisenberg should mention MaxiFi. It is a wonderful tool to plan withdrawals from pre-tax and post-tax retirement accounts and other financial acco...
We can learn a lot from John Dutton's estate planning mistakes. Here are just a few that relate to families in general and family businesses in particular....
Health care costs. Student loans. Domestic abuse. Are retirement plans addressing too many problems at once?...
I’m 73 and trying to figure out when I can afford to retire. I have a semi-invalid daughter I’m supporting for at least two more years. So, I plan to work for at least two more years. My j...
Let me be super clear about 2 things up front: I (68, retired) am very fortunate to have enough saved and invested for my retirement, including maxing my 401k and IRA over 40 years and paying off my h...
Dreading the idea of retirement? This planning technique for the 'go-go, slow-go and no-go years' can lessen the worry and help you save efficiently....
I have a game plan to retire in March and my financial advisor says it is gonna work. And now a couple opportunities seem to be rearing their head. Returning to a job that may establish an amazing rep...
It’s good to know that a Medicare Advantage plan has two caps that limit costs, especially since those who elected this coverage face another chance to change plans...
If you are reading this, you probably need an estate plan. If you have children, live in states like California, you owe it to your family to have an estate plan that includes a revocable trust. One o...
Volatility is back, but for long-term investors, it’s business as usual. Focus on your goals, stick to your plan, and avoid panic decisions. Read more on how to manage market swings....
How can you plan for retirement when your husband holds the purse strings and talking about money is taboo? Help is at hand for this common problem for women....
Health care advisory experts can secure substantial financial benefits for HNW clients while providing a value-added service for wealth managers and family offices....
Whether your blended family is newly formed or fully fledged, use these six steps to review your estate plans now and lower the risk of conflict in the future....
Today I have a guest post from personal finance enthusiast Dan Griffin. While Dan is not a practicing financial planner, he passed the CFP exam in 2010 and holds an Executive Certificate in Personal F...
Saving for retirement is anxiety-inducing for everyone, especially women. Following this four-part action plan can help improve your financial security....
Planning on retiring in next few years. Is there some planner or scheduler in USA that lets me write down what steps I need to do when? Eg. Know I need to stop HSA contribution 6 mts before. When do I...
My wife and I have lived most of our lives cutting back and working hard and being fiscal responsible. As we look forward to retirement, we want to enjoy it and not just maintain. It seems most articl...
If you’re feeling overwhelmed by the expectation of taking care of your parents in their retirement, Bernadette Joy, author of Crush Your Money Goals, offers three steps you can take to help les...
Consider implementing these four strategies before December 31 to potentially improve your tax situation for this year and the future....
Employer retirement plans are great, but individual responsibility plays a huge role in retirement success. Here's how to empower yourself....
I spent some reviewing financial plans for this year and next and have noticed I am extremely close to one of the IRMAA income boundaries. I debate on much attention I should pay attention to this. Bo...
Can't afford early retirement in the U.S.? You really can retire abroad before 55 if you plan carefully. The strong dollar helps, but consider your long-term strategy....
Both estate and retirement planning are important for long-term financial well-being and achieving desired legacies. While estate planning involves organizing and managing assets to ensure their effic...
Hello kind community. I am 61 and planning to retire Jan 15. I have worked for 35 years for the same organization (100 employees) and loved my job until 5 years ago, when we got two new sets of leader...
For those of us who experience winter weather and don't have a lot of outdoor activities this time of year, what new activities or events do you plan to participate in these next few months? I plan to...
An interview with Dr. Bryan Jepson, an ER doc who found his way into finance and who became a chartered special needs consultant. He talks about raising children with autism and navigating financial p...
It's no secret that healthcare planning changes in retirement. In this episode we discuss planning a for Medicare, long term care and variety of related topics. Glenn is available for in person and on...
As we approach the end of 2023, we take a step back and discuss strategies and checklists to help determine if the “i's” are getting dotted and the “t's” are getting crossed be...
Witnessing the struggles of older relatives and friends can motivate you to realistically plan ahead for a long retirement....
New study from IRALOGIX examines challenges of managing withdrawals; finds half of…...
"Sam" is 58 and he retired at the end of the first quarter of 2024. His wife, "Alice," is 65 and still working as a paid caretaker for the couple's son with special needs. Sam has $400,000 in a Roth I...
When our leaders in Washington passed the Setting Every Community Up for Retirement Enhancement (SECURE) Act in 2019, it marked a major change in retirement planning. In a sense, the government was co...
Should I try to keep my IRA spend down such that my year-end value stays the same every year, goes up with inflation, or draws down to leave just a small amount at the end of my life expectancy. I und...