Retirement Planning

Retirement planning is figuring out how much money you will need to have saved up when you retire so that you can live comfortably. It involves estimating how long you will live and how much money you will need each year to cover your expenses.

Learn more about retirement planning from our financial advisors below.

August 1, 2021

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When should you, and when should you NOT max out your 401k plan? 401(k)s differ from IRAs in one significant way: 401(k)s allow current workers under 50 to put away. . .

July 30, 2021

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I just couldn’t keep my big mouth closed and gave Harry and Sally the report on their 401 (k) annual expenses being charged to manage their funds. These expenses were. . .
July 27, 2021

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“Many retirees have discovered that downsizing is an expensive decision. Sometimes it makes sense to leave things alone.” If you plan to sell your current home and move to a. . .

July 27, 2021

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Even “temporary” inflation can drain off large amounts of your wealth  “Warren Buffet once pointed out that when you do the math, it is obvious that inflation is far more. . .

July 27, 2021

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“The late ’50s to early ’60s is the perfect time to increase your savings, build out your stake in safe money products, and re-evaluate your portfolio.” Many investors, especially those. . .

July 26, 2021

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“Seniors leaving the workforce are often taken by surprise when they lose their dental insurance. Out-of-pocket dental expenses can eat away at your retirement nest egg.”   Regardless of your age,. . .

July 26, 2021

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What is the “sequence of returns” risk, and how can it negatively impact your retirement savings? The “sequence of returns risk” or “sequencing risk” refers to the possibility that the. . .

July 24, 2021

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The devastating effects or living too long (the longevity crisis) and not having enough funds to maintain an anticipated quality of retirement is a real concern. LIMRA reports: The average. . .
July 23, 2021

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“My mother is sixty-seven-years old and has saved up a half-million dollars in a bank account earning about 1% interest. Obviously, not a very good interest rate. She wasn’t sure. . .
July 23, 2021

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What is the number one worry for retirees? Not having enough money saved to last them in their golden years. Industry expert Tom Hegna has written extensively about this fear. . .

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Content in our posted articles is deemed to be accurate but topics, facts and laws can change. It is always a good idea to verify facts before making decisions. Always seek authorized and professional advice regarding financial decisions which includes investing, annuity purchases, tax planning, changes in a financial portfolio and retirement planning.

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