Follow Our Blog
Get every new post delivered to your inbox
Preparing for Retirement in 1-3 Years
Are you within a few years of retirement? If you are, this month’s article is for you! (It might also be useful for the younger folks so that you can determine what shape you’ll be in when you do approach retirement.) I’ve written a number of articles to help people prepare for retirement. It might […]
Working after Retirement
Lots of people are still working after the traditional retirement age. The Bureau of Labor Statistics states that the labor force participation rate in 2018 for those aged 65-69 was 33.0%, for age 70-74 was 19.5% and for those 75 and older was 8.7%. This month we’ll take a look at why so many people […]
Using Home Equity to Fund Long-Term Care
Have you thought about whether you might need long-term care as you get older? The Department of Health and Human Services has determined that 70% of adults who survive to age 65 will need long-term services and support before they die and that 48% of those people will receive some paid care over their lifetime. […]
Sustainable Withdrawal Rate
A sustainable withdrawal rate simply means the amount of money a retiree can withdraw from their investments each year without running out of funds before they die. This month, we’ll look at some important considerations when estimating a sustainable withdrawal rate. We’ll also introduce one way of doing this which is used by many financial […]
Aging in Place
Aging in place simply means continuing to live in our home as we get older. A recent AARP survey determined that 87% of adults over the age of 65 want to age in place. This month, we’ll take a closer look at whether aging at home is right for you. People Who Want to Age […]
How to Recognize and Address Cognitive Impairment
Many of us have experienced our own “senior moments.” Where are the car keys? Why did I come into this room? What’s the name of that person? Most of these memory lapses are a normal part of life and are very manageable. On the other hand, cognitive impairment can progress to a point where it’s […]
2021 Tax Law Changes
Well, it’s finally a new year. I know we’re all hoping it will be better than 2020! As you make your plans for 2021, one of the things to take note of is the change in contribution limits and other tax changes. 401(k)Let’s start with 401(k) contributions, since that’s a retirement fund that I view […]
Retirement Accounts & Taxes
You probably already know that there are several common ways to save for retirement. These include 401(k) and IRA accounts. What you might not be as familiar with, is how these various retirement vehicles are taxed. There are four concepts in the taxation of retirement accounts. First, some accounts allow you to invest money without […]
What Does the New SECURE Act Mean to Your Retirement?
Congress has recently passed new legislation that probably affects your retirement plans. It’s called the Setting Every Community Up for Retirement Enhancement (SECURE) Act. It became effective January 1, 2020. The Act is meant to help more people better prepare for retirement. A summary of the Act follows. Delayed RMDs. Until now, Required Minimum Distributions […]
Transitioning to Retirement
Retirement — kind of has a nice ring to it, doesn’t it? For many of us, it means starting a new chapter in our life and doing some of the things we didn’t seem to have time for while we were working. I’ve written before about some of the financial aspects of retirement. The Retirement […]