Are You Ready to Retire?
The question is actually more complicated than it first appears because it demands consideration on two levels - emotional and financial.
Understanding Social Security
Social Security is now much more than just a retirement program. Its scope has expanded to include other benefits as well, such as disability, family, and survivor is benefits.
David Lerner Associates: Social Security Decisions
As you near retirement when to claim your Social Security benefits is one of the biggest decisions youll need to make. With pensions disappearing Social Security remains the major source of guaranteed lifetime retirement income for most Americans.
Are 529 Assets Subject to Medicaid Spend-down Requirements?
Unless future legislation exempts 529 plans from Medicaid rules it would be wiser to assume that these assets could be subject to the state is grasp.
Women and Retirement Planning
National Retirement Planning Week is of particular interest to women. Because their careers are often interrupted to care for children or elderly parents, women may spend less time in the workforce and earn less money than men in the same age group.
In Retirement Timing is Everything
When it comes to transitioning into retirement timing really is everything The age at which you retire can have an enormous impact on your overall retirement income situation so you will want to make sure you have considered your decision from every angle
David Lerner Associates: Asset Allocation
As you transition into retirement, your priorities for and demands on your portfolio are likely to be different. Your asset allocation strategy will probably be different than the one you used when saving for retirement.
David Lerner Associates: New Vets Pension Rates Released
The U.S. Department of Veterans Affairs (VA) provides a tax-free, supplemental pension to qualifying wartime veterans and their families.The latest MAPR rates, effective December 1, 2014, are available on the U.S. Department of Veterans Affairs website.
Your Lifestyle After Retirement
Have you given any thought to how this lifestyle might change after retirement? It might be advisable to sit down with a professional financial planner who can guide you through your best options.
David Lerner Associates: Switching Professions? Take Your 401(k) and Roll It
Sometimes, you have no alternative - you need to use the funds. If so, try to minimize the tax impact. For example, if you have nontaxable after-tax contributions in your account, keep in mind that you can roll over just the taxable portion of your distribution and keep the nontaxable portion for yourself.