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...
January is Financial Wellness Month – Financial Smart Goals
After a busy (and costly) holiday season comes January – Financial Wellness Month. This makes it the perfect time to set the stage for your financial journey in 2025. Setting realistic financial goals is more than just listing what you’d like to achieve. It’s about creating...
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...
Still Need to Do Day: Getting Your Financial House in Order
As the holiday season draws to a close and the year winds down, there’s a sense of urgency to tackle all the tasks you meant to do but haven’t quite gotten to yet. With the new year fast approaching, this period can feel overwhelming. Financial...
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...
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...
Gen X Women’s Retirement Goals
As retirement planning continues to evolve, financial attitudes and goals reflect the changing dynamics of generational priorities, economic realities, and cultural influences. A striking example of this can be found in the findings from Northwestern Mutual’s Planning & Progress Study, which reveal that Gen X...
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...
Navigating Inflation in Retirement
Retirement should be a time of financial security and peace of mind. However, high inflation in retirement can quickly erode the purchasing power of your retirement savings, threatening your financial stability. Let’s explore strategies to help retirees and soon-to-be retirees maintain their standard of living...