Posts Tagged ‘retirement planning’
Medicare Will Not Cover All Health Care Costs: There are out-of-pockets, limitations and gaps that Medicare doesn’t cover
Medicare is a federal health insurance program for individuals aged 65 or older and certain younger people with disabilities. And despite being a widely used program, there are several misconceptions surrounding Medicare, one of the most pervasive being that it will cover all healthcare costs. Myth or Fact: Medicare Will Cover All Health Care Costs…
Read MoreAvoid the Crippling Hill That Jack and Jill Went Up: Sometimes the best financial advice is the simplest: tough, objective love
The couple had made every mistake you could: retired too early, spent too much, took on too much house and too much debt. “This is killing me,” Jill told their new advisor (me), as she burst into tears. Jack and Jill left their well-paying jobs in their late 50s, with little idea how they would…
Read MoreThe Problem With the Retirement Age: Too High It’s time for us (you) to rethink the retirement age and make adjustments
As the wealthiest society in human history, it is reasonable to expect that we should prioritize the well-being of our citizens, particularly as they age. Yet, the current retirement age is increasingly seen as problematic, with many arguing that it is too high. Let’s explore the reasons behind this viewpoint and make a case for…
Read MoreThe Ultimate Downsizing Checklist Before Retiring: By focusing on goals and priorities, you can create a new, simplified lifestyle
As retirement approaches, many older adults consider downsizing their home as a way to simplify their lives, reduce expenses, and focus on what truly matters. While the process can be emotionally and physically challenging, it can also be liberating and rewarding. To help you navigate this transition, we’ve compiled a comprehensive checklist for downsizing your…
Read MorePlanning Matters When Retirees Start Traveling: Practical tips to embark on peaceful and secure adventures in retirement
Retirees often have the time, freedom, and desire to explore new destinations and make the most of their golden years. With careful planning and attention to detail, senior travelers can ensure their trips are safe, enjoyable, and stress-free. Here are five practical tips to help retirees embark on peaceful and secure adventures. Choose Your Destination…
Read MoreGen Z Should Be Your Retirement Role Models: Tips to help your retirement planning as you move towards your goals
Generation Z, the youngest working generation, is commonly thought of as being consumed with the present and uninterested in the future. However, recent research has shown that this stereotype may not be accurate, as many Gen Z individuals are excelling at saving for retirement, despite being in the early stages of their careers. A study…
Read MoreBuilding Generational Wealth With Hard Assets : A five-step guide to build a stable source of income and long-term growth
Generational wealth is the idea of building wealth that can last for several generations, allowing you to create a legacy for your family and provide financial security for future generations. One of the most effective ways to build this type of wealth can be through investing in hard assets that hold their value – and…
Read MoreAs Volatility Increases, So Does Retirement Worry: Tips to combat banking failures, inflation, rate hikes and market corrections
Getting ready for retirement involves more than just calculating how much you will need and the rate you can draw down your savings. The years before you retire is a crucial time to prepare both financially and psychologically. Often – and unfortunately – many retirees underestimate their expenses, get bored without a daily grind and…
Read More12 Strategies to Generate Income in Retirement
When it comes to saving for retirement, maybe you’ve done everything right. You started early, maxed out your 401(k) plan, invested in a diversified portfolio and avoided costly mistakes, such as cashing out your retirement plan. Fantastic. But now comes the hard part: making sure you don’t outlive your money. That’s a tall order for…
Read MoreEleven Smart Moves to Make Your Money Last in Retirement
Financial advisers will tell you that the most telling — and risky — years of your retirement are the five before you leave the 9-to-5 world, and the five after you have forsaken a steady paycheck and learn to live on Social Security, perhaps a pension, and a lifetime of wealth accumulation through a retirement…
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