Americans are living longer, healthier, and more active lives than past generations, and they want to ensure their healthcare and domestic needs are met. That means saving for a longer retirement is critical. Everyone has different circumstances. Fortunately, a diverse array of options is available to address your individual needs and aspirations. A skilled financial
Adapting your retirement strategy (and outlook) may be necessary. Involuntary retirement can be emotionally and financially unsettling. Here are some questions to ask yourself if it happens. Do you want to keep working? You may have to rely on your spouse or partner’s income—or your emergency fund—for many months if you look for another full-time
A look at the role they can potentially play for families. Parents raising a child with special needs can face financial stress. State and federal programs simply don’t address all the long-term financial demands of their households. Two intriguing financial options may provide help. A special needs trust can serve as a resource. It can
A financially secure retirement involves more than building a substantial nest egg. To maximize each dollar, it also requires adapting long-time spending habits to a retiree’s new way of life. Adjusting to this new normal isn’t always easy, especially when a little retail therapy is a tempting excuse to get out of the house.
As a working mom, whole weeks may go by without the chance to sit down or even think. You’re managing a career, making decisions for your family, and caring for kids and often parents, too. It’s not easy, then, to hear about one more job that needs your immediate attention: retirement planning. But let’s just
What influences your spending choices? Social media can pressure you to spend more than necessary. We have all seen our friends post images of an expensive dinner,a pricy resort stay, a new car, maybe even their first condo or house. Seeing these message can influence your spending habits. Millennials are known for frugality, but the
It may be a wise financial choice. It may be a good idea for a woman to retire later rather than sooner. Leaving the workplace after 65 may help position a woman for slightly greater retirement income and reduce some of the pressure of funding her “second act.” Women tend to receive smaller Social Security