Losing a job when you’re in your 50s or 60s can have serious ramifications for your long-term retirement success – on many fronts. Here’s how, and what steps you can take to help reduce the impact a late career layoff can have on your future retirement income. For one, losing your job later in life may hinder your…
Recent Articles
5 Ways to Guard Against Rising Interest Rates
Interest rates are finally beginning to rise after decades of historically low rates, a development that if left unchecked can torpedo the investment portfolios and finances of the unprepared. But if you know what steps to take, you can contain the damage and keep your portfolio and your overall financial situation from taking on too…
The Pitfalls of Misunderstanding Your Social Security Claiming Options
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…
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…
The Danger of Using “Alternative Facts” When Planning Your Retirement
Planning for retirement, well the saving part anyways, seems to be one of those things far too many of us put off doing, or make a half-hearted attempt at setting a meaningful amount of money aside to be able to retire someday. Well financially independent at least. Instead, we use “alternative facts”, or false narratives that we…
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