Balancing Retirement Savings and Other Financial Goals
Finding the right balance can be a delicate dance for married couples navigating the dual financial responsibilities of saving for retirement and funding other major life expenses. With competing priorities and limited resources, couples must develop a comprehensive strategy that addresses long-term and short-term financial goals. One...
How to Review and Adjust Your Investment Portfolio for the New Year
The start of a new year is a natural time for reflection and goal setting, and for many, that includes reviewing their finances. While resolutions around spending less or saving more are common, one area often overlooked is the importance of reviewing and adjusting your...
The Growing Challenge of Health Care Costs in Retirement
As Americans plan for retirement, many prioritize building a portfolio that supports a comfortable lifestyle in their golden years. However, healthcare costs in retirement remain one of the most overlooked and rapidly escalating financial challenges. With life expectancy increasing, healthcare inflation outpacing general inflation, and the...
The Financial and Emotional Challenges of Retirement
Retirement is often envisioned as a time of relaxation, travel, and enjoying the fruits of a lifetime of hard work. However, many older Americans face significant retirement challenges. According to recent data, nearly a third of retirees suffer from depression. As many as 80 percent of...
How to Save Smartly in 2025: Financial Strategies for the Year Ahead
As we approach 2025, the financial landscape is more complex and uncertain than ever. Economic changes, inflationary pressures, market volatility, and shifts in the global economy are prompting individuals and families to rethink how they save and invest for the future. Whatever you're building an...
Identity Theft & Online Shopping: Staying Safe During the Holiday Season
The holiday season is one of the busiest times of the year for in-store and online shopping. With festive sales, deals, and limited-time offers, many consumers rush to purchase, especially online. However, this season also marks a peak time for identity theft and online fraud,...
Making the Most of Your 2024 Retirement Contributions
As we navigate through 2024, it's crucial to understand the various retirement contribution opportunities available, especially for those over 50. Strategic planning allows you to maximize your retirement savings while taking advantage of valuable tax benefits. Here's your comprehensive guide to important deadlines and smart...
Medicare 2025: Why It Matters to Shop Around
The estimated cost of healthcare in retirement for the average American couple is $41,000. So, planning for the best possible coverage of medical expenses is a major part of successful retirement planning. Understanding the Medicare changes in 2025 is vital so you can plan your...
Health and Wealth: Longevity in Retirement Planning
Life expectancy is one of the most critical yet often misunderstood factors in retirement planning. Many Americans need to be more accurate in assessing how long they’ll live. The Life Expectancy Misconception Here are some of the factors that influence the estimation of life expectancy: Impact of...
Long-Term Care a Vital Component of Retirement Planning
Retirement planning isn’t just about saving for the years when you stop working. It’s also about preparing for the unexpected and planning for the rising healthcare costs. That’s why Long-Term Care Awareness Month is an important reminder to evaluate your retirement plans and ensure long-term...