New retirees quickly realize that they’ve got much more time to play 18 holes at the country club or book that week-long get-away. And all these additional activities equal more money coming out of your bank account. In fact, we’re finding that many of our clients require closer to 100% of their pre-retirement income for retirement living.
Retirement is a time that many people look forward to. It's a period of relaxation, exploration, and enjoying the fruits of your labor. However, without proper financial planning, retirement can quickly turn into a source of stress and worry. In this article, I will share with you the top 6 methods to safeguard your finances for a worry-free future, ensuring that you achieve financial freedom in retirement.
Retirement is a big deal. In fact, it’s right up there with getting married, buying your first home, or having a baby. And as it is with any major life change, a bit of forethought and planning can go a really long way with helping you get the best out of your golden years. So let’s discuss retirement planning. Specifically, I want you to think about your retirement in two major “buckets”.
Taxes are one of the largest expenses retirees are faced with. People are routinely living into their 90’s (and beyond) and if you don’t have a good plan for tax-efficient income in retirement, you may end up paying more than your fair share in taxes over your lifetime. Taxes can take a large bite out of your retirement nest egg and one way to ensure your investments last longer is to be more tax-efficient with them. This article will show you some strategies to create tax-free income in retirement.
Spring is an ideal time to clean up your finances, clear out the clutter & get a fresh start. Consider these 7 suggestions to get a better handle on your finances.
Retiring early is a common dream for many, but the decision to do so can be a difficult one. Having every day off to do what you want sounds appealing, especially when work is getting tiring. However, one mistake can derail a lifetime of good planning, saving and investing. The risks associated with retiring early should be considered in light of the potential rewards that come with such a decision. Ultimately, the success of a decision to retire early will depend on your financial security and preparedness for the lifestyle change.