Below you'll find a list of all posts that have been tagged as “retirement planning”
We may not be able to see into the future, but we should try to prepare for it We don’t know what’s right around the corner, but it could be a car wreck, job loss, natural disaster, or another kind of emergency with the potential to put us in a debt- crisis situation. Preparing for emergencies by ensuring we have …
Required minimum distributions take on added urgency as you approach (and reach) age 73, with specific rules and tax implications Seventy-three is an important age milestone for those in or near retirement, as it marks the time when required minimum distributions (RMDs) begin to be withdrawn annually from Individual Retirement Accounts (IRAs) and employer-sponsored retirement plans (previously, the threshold was …
Retirement savings isn’t the only financial goal you should consider in your lifetime. There are other milestones that you ought to take into account as well. When it comes to financial stability, people tend to focus on paying off debt and saving for retirement. In reality, many other financial goals beckon to individuals during their lifetime. Because of this, it’s …
Deciding when to begin collecting Social Security depends on a number of factors, including how longyou anticipate needing it. Deciding when to retire and begin collecting Social Security is an important life decision. For some, savings losses may dictate that you delay your retirement plans and continue working, which means postponing when you begin collecting Social Security. Current law allows …
“I don’t want to ‘pivot’ anymore. … I’m sick of the back-and-forth rules and guidelines. … Do this. … Oh no, do that. No matter where you stand on vaccines, we are hearing more and more comments like this from our clients, and many are just DONE plain and simple. Done, may mean retirement. For others, a change of employment …
You can deal with the unexpected rather than letting it ruin your retirement hopes. Today’s episode of nestology TV we take a closer look at a few of the most common problems that people have trouble foreseeing and what you can do to avoid them or handle them when they come up.
It’s not unreasonable to see a client who had both parents live into their 90’s and with the advances in health and nutrition. We believe they should plan for a retirement plan that includes them living to 100 or longer. On this weeks episode of Nestology TV we discuss living to 100.
When do you want to retire? Yesterday? Is your money going to last? It’s simple. Just tell me when you are going to die and we can come up with the perfect plan for your retirement.
Some of the biggest lessons your child may learn happen when they’re entering adulthood and getting ready to live independent lives. In a 2019 Pew Research study, most Americans say 22 is the ideal age for young adults to achieve financial independence. But in reality, only around one-quarter of 22-year-olds can make that claim. Between uncertain job prospects, rising housing …
Are you on track to meet your goals? As you save for retirement, it helps to have an occasional “reality check”—a moment where you stand back and look at your progress. Here are two guidelines to keep in mind when you do. Look at your savings as a percentage of your household income at certain ages. One study (from JP …
