Good financial read: retirement planning

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    Retirement planning

    Redistribute retirement

    by Robert Lindstrom, Pension Financial Planning

    FIRE stands for Financial Independence, Retire Early. The idea is to get yourself to a point where at a younger age you no longer have to work as a traditional retiree. There is a wide range, with much of the FIRE community relying on extreme frugality to increase their savings in order to achieve FIRE.

    Others are firing on something called FatFIRE. Keep in mind that successful startups leave at a young age with millions in the bank.

    [Read the Full Article]

    You have exhausted your pension vehicles – what now?

    by Scott Monk, Charis Legacy Partners

    Legacy financial goals require building your inheritance, which is the amount of wealth in excess of what is needed for retirement planning. When you’ve reached the point where you’ve run out of retirement savings funds like 401ks and IRAs and still have disposable income to save, you should be strategic The next best places to save, taking into account your legacy goals.

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    [Video] Update your monthly contributions

    by Trevore Meyer, Financial Design Studio

    Did you know that the maximum amount that can be deposited into retirement accounts can change from year to year? It’s true. So do you update your monthly contributions to your retirement accounts? Using these ceiling can have a major impact on your professional career. Today I want to go over this with you to make sure that you are actually maxing out on these accounts when you can!

    [Watch the Video]

    Learn your Medicare ABC and D.

    by Massi De Santis, DESMO Wealth

    Many people think that because of Medicare, their retirement medical care will be free or close to it. Here is some bad news for you: Medicare is subsidized, but not free. According to estimates by Loyalty, a single retiree must pay between $ 140,000 (men) and $ 150,000 (women) in health care expenses during their retirement age from age 65. For a couple, the expense is twice that, almost $ 300,000. The sooner you learn the basics of Medicare and its estimated costs, the better you can plan for and cover those costs.

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    [Video] Analysis of retirement options

    by Trevore Meyer, Financial Design Studio

    Pension option analysis decisions can be difficult to evaluate on their own. Although we are beginning to see them, pensions are still an important source of retirement provision for many people. Making the right decision with your retirement can save you and your family thousands of dollars over time. Today we’re going to discuss things to consider when deciding which option is best for your retirement. With that in mind, you can Stick to your plan for the long term.

    [Watch the Video]

    How Much Annual Retirement Income Can $ 1 Million Generate?

    by Massi De Santis, DESMO Wealth

    One of the toughest questions for people approaching retirement is figuring out how much annual income their retirement plan can generate. That’s the $ 64,000 question for retirees because they equate their income with their usual standard of living. A careful answer should take into account the overall financial picture, retirement horizon, retirement goals, preferences, and adaptability of each household to setbacks.

    [Read the Full Article]


    Following financial advisor blogs is a great way to access valuable, educational information about finance – and it won’t cost you anything! Our financial planners are happy to share their knowledge and help everyone, regardless of age or wealth.



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