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How to Plan for Taxes in Retirement

How to Plan for Taxes in Retirement

For many retirees, even those who have meticulously planned their retirement income, the amount of taxes they are expected to pay may come as an unwelcome surprise. It’s understandable. This is a new form of income that they may not be familiar with. “Sometimes they think that because they are retirees, they don’t have to […]

Don’t Fall for the Suspended Social Security Number Scam

Don’t Fall for the Suspended Social Security Number Scam

Follow best practices to keep your identity and savings well-protected. Scams trying to steal your Social Security information are on the rise. More than 35,000 people reported Social Security imposter scams to the Federal Trade Commission in 2018, up from 3,200 in 2017. As a result of this crime, consumers lost more than $10 million […]

Major Retirement Expenses to Prepare For

Major Retirement Expenses to Prepare For

Spending tends to decline in retirement, but there are a few retirement expenses that you should prepare for. Retirees generally spend less money than people who are working. The average retired household has about 22% lower costs than the average working household and spends about $14,000 less per year, according to U.S. Bureau of Labor […]

A New Approach to Financing Retirement

A New Approach to Financing Retirement

‘Whatever you do, don’t try to sell us an annuity.’ When 60-something couples visit a financial adviser’s office for help with retirement planning, these are often the first words they say after sitting down. Most of what they’ve read about annuities has been eye-glazing or frightening. But don’t write off annuities yet. Owning annuities can […]

Ways to Increase Social Security Disability Checks

Ways to Increase Social Security Disability Checks

Think through your condition and life circumstances to find support for your disability. Approximately 1 in 4, or 61 million, adults in the United States report a disability, according to data from the U.S. Department of Health and Human Services. If you have a physical or mental impairment that affects your daily activities, you may […]

Retiring This Year? How Much You’ll Need for Healthcare Costs

Retiring This Year? How Much You’ll Need for Healthcare Costs

Healthy couples retiring in 2019 will have to dig deep to cover medical expenses. A 65-year-old couple in good health will need $387,644 to pay for health-care costs for the remainder of their lives, according to HealthView Services, a provider of health-care cost projection software. That sum includes premiums for Medicare Part B (medical insurance) […]

Retirement Savers Benefit From 401(k) Changes

Retirement Savers Benefit From 401(k) Changes

Pending legislation would improve 401(k) plans, but some companies are already offering more options. There are a lot of changes on the horizon for 401(k) plans, which is generally good news for workers saving for retirement. Some large companies are offering long-needed improvements that will give their employees more options and greater flexibility. In addition, […]

5 Things to Know About the Yield Curve and Market Volatility

5 Things to Know About the Yield Curve and Market Volatility

The volatility illustrates the tug of war between investment opportunity and risk. Market volatility returned in recent weeks, with equity market swings of 1% or more becoming a daily occurrence. Day traders may be the only investors enjoying the sudden changes in market sentiment, and low summer trading volumes may be magnifying market moves. Market […]

7 Reasons to Delay Retirement One More Year

7 Reasons to Delay Retirement One More Year

Another year of work may produce a better retirement in the long run. Hastily exiting your career before the time is right can have a lasting negative impact on your retirement. Apprehensive workers unsure if it’s time to retire can benefit from one more year of work. If there is any doubt about your ability […]

6 Ways to Protect Your Retirement Savings

6 Ways to Protect Your Retirement Savings

If you’re concerned about upcoming market fluctuations or a possible recession, it’s natural to want to evaluate your retirement savings plan. The majority of Americans (72%) say it’s important to protect retirement savings, according to a 2019 Allianz Life survey. To safeguard your nest egg, it’s important to think about your current financial situation as […]

Take Our Retirement Readiness Quiz

Thinking about retirement? Take our Retirement Readiness Quiz to test your smarts and learn how to plan for your ideal retirement.