A recent question I received from a Social Security Planning workshop participant reminded me how many retirees are potentially losing thousands of dollars a year in lost benefits as a result of not seeking out a qualified Social Security Benefits specialist before filing, or in some cases even after filing to ensure they are receiving…
Recent Articles
The Emotional Burden of Caring For Loved Ones
Over 65 million people provide care for an elderly family member on a routine basis. But if you happen to be a woman, the chances of that responsibility falling to you are almost twice as likely. One study estimates 66 percent of caregivers are females over the age of 50; whereas, only 34 percent of males over the age…
Can my Social Security Benefits be Garnished?
Unfortunately, the answer is yes, and you might be surprised by one of the reasons why – unpaid student debt. A recent report, “Snapshot of Older Consumers and Student Loan Debt” by the Consumer Financial Protection Bureau, sounds the alarm that delinquencies for unpaid student loans are on the rise: “The number of consumers age 60 and…
5 Steps to Redoing Your Estate Plan After a Divorce
Going through a divorce is a major life change, but it can also be a fresh start that allows you to look forward to new opportunities and to set and plan your own priorities. One of those opportunities is re-defining your future estate distribution plans while also ensuring you will be remembered the way you…
Why More & More Women Are Single In Retirement
The number of currently married women who will live alone at some point during their retirement years, due to widowhood or a late divorce continues to grow at a steady pace. With 27.5 million married baby boomer women now heading into retirement, many may find themselves woefully unprepared financially for living life on their own….
10 Essential Things to Consider if You Want To Retire Soon
If you plan to retire soon or are at least considering it, now is a good time to check your retirement readiness by reviewing these ten essential pre-retirement questions and “to-dos.” Getting clarity on each of these will go a long way to help ensure your retirement is successful, not only from a financial standpoint but also…
“I had a great retirement income strategy, until…”
There’s an all-too-common belief about retirement planning, and it goes like this: “As long as I save as much as I can in my retirement accounts, stick to a reasonable withdrawal rate, and control my spending in retirement, I’ll be ok.” Certainly, that’s a good beginning. But as always, “life” sometimes has a way of…
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