Posts by Barb
Embrace Meaningful Adventures in Retirement!
We understand that finding fulfilling activities to fill your extra hours during retirement can be challenging. So let’s explore strategies to help you embrace the freedom of retirement and discover meaningful pursuits within a relaxed and fulfilling lifestyle. Retirement brings the absence of a structured routine, which can leave you feeling unsure about how to…
Read MoreUnveiling Retirement’s Healthcare Realities
Retirement comes with the gift of time, and that means you can finally focus on your health. Regular check-ups, preventive care, and adopting a healthier lifestyle become much easier without the daily grind of work. It’s your chance to prioritize self-care and make your well-being a top priority. Another silver lining is Medicare, a government…
Read MoreThe 70-80% Rule: A General Guideline for Determining a Good Monthly Retirement Income
Retirement is an important phase in life that requires careful planning to ensure financial security. One of the key considerations when planning for retirement is determining a good monthly income. So, what is considered a good monthly retirement income? The answer to this question depends on various factors, such as your lifestyle, location, and expenses.…
Read MorePlanning for Retirement: Exploring the Three Most Common Retirement Plan Types
Retirement planning is an essential part of financial planning that requires careful consideration of various factors. One crucial aspect of retirement planning is selecting the right type of retirement plan. There are several retirement plan types available, but three of the most common are 401(k), IRA, and pension plans. 401(k) Plan: A 401(k) plan is…
Read MoreRetirement Income: What Is Considered ‘Good’ and How to Achieve It
A good retirement income is typically one that allows you to maintain your standard of living without having to worry about running out of money during your retirement years. Generally, it is recommended to aim for a retirement income that replaces at least 70% to 80% of your pre-retirement income. This means that if you’re…
Read MoreRetirement Planning Made Easy: 5 Key Steps to Secure Your Financial Future
Retirement planning is an essential process that helps you achieve financial security in your golden years. It is a process that requires careful consideration and planning to ensure that you have enough savings to cover your expenses and maintain your lifestyle after you retire. In this blog, we will discuss the steps involved in retirement…
Read MoreRoth IRA – Convert or Contribute?
Roth IRAs are funded with money that you’ve already paid tax on, and then they grow tax-free. This is different than traditional pre-tax funded retirement accounts. Roth IRAs offer many advantages that other traditional retirement accounts don’t. First, you can withdraw your money tax-free during retirement, which allows you to manage your taxable income. And…
Read More5 Common Mistakes to Avoid in Retirement
You’ve been saving for your retirement for decades. Don’t undermine your own plans by making these 5 common mistakes when you retire. First, don’t retire too soon. Lifespans are increasing and many retirees underestimate their life expectancy when calculating the money needed to live on. The second mistake to avoid? Spending too much in the…
Read MoreWhat’s Your Risk Tolerance?
Risk tolerance is the level of risk, or market ups and downs, an investor is willing and able to tolerate. An aggressive investor, one with a high risk tolerance, is willing to risk greater loss to potentially maximize returns, while a conservative investor prefers investments that have a lower risk of negatively impacting the portfolio’s…
Read More3 Ways to Boost Your Social Security Benefits
A question we hear often is “Is it possible to increase my Social Security benefits?” The answer is yes, there are 3 basic ways you can boost your benefits; work more years, earn more in annual income, and claim benefits later. [1 – Work More Years]- Social security benefits are based on an average of…
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