Category: Retirement Planning
“Proposed U.S. legislation would make it easier for employers to offer annuities in 401(k) retirement plans that provide retirees fixed payments for as long as they live.” The role of annuities in retirement planning is one aspect of the Secure Act that was passed by the House in May and is still awaiting a vote […]
Sooner rather than later can turn out to be a good strategy. Even though there are many, many excellent reasons to delay taking Social Security benefits, there are some good reasons to take it early that do make sense, according to the Government Executive in “Why You Might Want to Take Social Security Early“. It […]
Children may not have to make as many major decisions at a difficult time in their lives. Elder law estate planning can make the lives of adult children easier by setting major goals and tasks in the process, according to the Times Herald-Record in “Three ways for seniors to make things easier for their kids“. […]
Half of all Americans working toward retirement expect to work past the age of 65. You can work and plan your retirement. However, it is possible that you may end up returning to work either for financial, social or other reasons, according to the New Hampshire Register in “Returning to work after you retire“. A […]
A checklist can help you stay on top of preparing for those later days. You work long and hard during your life and those retirement days are finally approaching. Unfortunately, some are prepared for those days and some are not, according to CNBC in “Nearing retirement? This checklist can help you make sure you’re financially […]
While it is taxable on withdrawal, the contributions lower your taxable income. It comes as a surprise to some retirees that the withdrawals from a 401(k) are taxable. However, it is important to remember that the contributions are beneficial, because they lower taxable income, according to Market Watch in “How 401(k) savers can avoid a […]
A leisure world of retirement doesn’t appeal to everyone. If you have decided that you have had enough of work and plan to retire as soon as feasible, you might first take a look at some really good reasons to continue, according to USA Today in “18% of baby boomers and Gen Xers plan to […]
You have choices, so what are your interests? There are a number of options with age-restricted communities. However, active community living is one of the growing choices, according to Next Avenue in “How to Choose a 55+ Active Adult Community“. How can you determine which is the best for you? There are small, city-based apartment […]
When everyone is comfortable, it is time to move forward with discussion. The key to learning about the financial plans of your parents is to ask for advice on your plans and then ask about their plans, according to “Ask your folks about their financial plans“. Start by explaining your own plan, how you’ve decided […]
There are benefits to being self-employed. However, saving easily for retirement hasn’t been one of them. Without an automatic withdrawal from a regular income payment, it’s tough for the self employed to save toward retirement. However, there is an option, according to Next Avenue in “A Retirement Plan for the Self-Employed: The Single 401(k)“. Known […]
