Tag: retirement

Roth vs. Traditional 401(k) contributions; what’s the right choice for high-income earners?

In retirement planning, one thing is clear – when preparing for the future, there’s no one-size-fits-all solution. This especially applies to high-income earners, who often have more complex financial portfolios and other unique considerations to weigh. For those fortunate enough to enjoy a high income, the stakes are higher, and the choices are more significant. At […]

How to Navigate Health Insurance During an Early Retirement

When contemplating retiring early, your decision-making process starts with a long, hard look at your current financial standings. The more time you plan on spending in retirement, the more savings you’ll need to set aside to cover your lifetime expenses. One expense, in particular, has the potential to put a strain on your retirement budget […]

How Can Early Retirees Safeguard Their Nest Egg In A Market Downturn?

Today, we’re seeing more people retiring early than ever before. Research from the Federal Reserve uncovered that more than 3 million people retired early because of the pandemic and that 2.7 million people over 55 are “contemplating” an earlier exit from the workforce. Given the recent market turbulence, those who started their golden years a […]

When a SIMPLE IRA may be better than a SEP IRA and a Solo 401(k)

In our last post, we reviewed some of the key differences between a SEP IRA and a Solo 401(k) for business owners with no employees (if you have 1099 income from a side gig, this includes you). In some cases, a SIMPLE IRA may be a better option than a SEP IRA and a Solo […]

Establishing a Budget

Do you ever wonder where your money goes each month? Does it seem like you’re never able to get ahead? If so, you may want to establish a budget to help you keep track of how you spend your money and help you reach your financial goals. Examine your financial goals Before you establish a […]

Five Things Every Young Family Should Do Now!

In the hustle and bustle of every day family life, it can be difficult to see beyond the present and prepare for the future.  Often important actions that each family should take fall to the wayside as the days are crammed with work, school, sports, and household duties.  In Five Things Every Young Family Should […]

A Retirement Income Roadmap For Women

More women are working and taking charge of their own retirement planning than ever before. What does retirement mean to you? Do you dream of traveling? Pursuing a hobby? Volunteering your time, or starting a new career or business? Simply enjoying more time with your grandchildren? Whatever your goal, you’ll need a retirement income plan […]

Five Keys To Investing For Retirement

Five Keys to Investing for retirement Making decisions about your retirement account can seem overwhelming, especially if you feel unsure about your knowledge of investments. However, the following basic rules can help you make smarter choices regardless of whether you have some investing experience or are just getting started. DON’T LOSE GROUND TO INFLATION It’s […]

Four Things Women Need To Know About Social Security

Ever since a legal secretary named Ida May Fuller received the first retirement benefit check in 1940, women have been counting on Social Security to provide much-needed retirement income. Social Security provides other important benefits too, including disability and survivor’s benefits, that can help women of all ages and their family members. How does Social […]