If you’ve ever come into an unexpected windfall—maybe a bigger than expected tax refund or a much-anticipated inheritance—you probably know that feeling of giddiness. It’s an exciting feeling, thinking of all the things you can buy, maybe a new car or that kitchen remodel. The problem is, that feeling won’t last long. Ever heard of…
Recent Articles
The Top Financial Issues Facing Retired Women in 2017
When you think of your retirement years, you probably imagine a relaxing and peaceful time in life. Enjoying time with your grandchildren and traveling more may be at the top of your list of things to do; however, there are several factors to take into account to help increase your confidence that your retirement will be financially independent and that…
The Cost of Tapping Your Retirement Accounts Early
When money’s tight and times are tough, it can be difficult for retirement savers to ignore the money they’ve stashed in a 401(k), IRA or other retirement savings account. Still, while it may make sense in some situations to tap into those accounts early—for example, if a job loss has put you at risk of…
How a Late-Career Layoff Impacts Social Security & Other Retirement Benefits
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…
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…
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