Retirement planning is the process of determining how much you will need to save and invest in order to have enough money to live on during retirement. It involves setting goals, analyzing your current financial situation, and making a plan to help you reach your retirement goals.
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My wife and are are heading toward retirement and will be updating our wills/estate plans. We are both quite active and mentally sharp; both have advanced degrees, but my family has a history of Parki...
Self-employed workers lack employer-sponsored retirement plans but have other options for tax-advantaged retirement accounts....
It’s no secret that Health Savings Accounts (HSAs) are intended to help with the burden of medical costs, allowing the account holder to contribute pre-tax dollars to ......
Retirement income planning can create the foundation for a successful retirement. In this episode we discuss a few critical mistakes to avoid and strategies designed to help create long term retiremen...
Revocable trusts allow the trust maker complete control over the assets and can be quite efficient when it comes to capital gains and income taxes....
I also share links to valuable research tools and model portfolios from the week....
Michael Kitces is one of the innovators in the retirement planning and financial services space.His blog and ecosystem of resources help retirees and financial advisors gain the base knowledge needed ...
For a solid estate plan, you should put powers of attorney in place, designate beneficiaries, tackle tax planning and more....
Retirement planning should start from the inside with your values, goals, and dreams, not be dictated by outside rules and guidelines....
I’ll spare you all the details as I’m not seeking direct advice (yet) but rather leads for direct advice. Who to trust? Is there an online application that can assist me in sorting timing ...
Estate planning can be a sensitive topic for families to talk about. Here's how to get past the awkwardness and discuss estate planning with your family....
Watching your budget helps you reduce unnecessary expenses, and keeping an eye on your net worth as it rebuilds can provide a psychological boost....
A lot can go wrong (including inadvertent law-breaking) if you choose to go the easy route rather than using a trust to transfer real estate to your child....
Check out the latest podcast episode on retirement planning and Social Security by listening on “Apple Podcasts” or “Spotify Podcasts” and watch more retirement planning videos...
Is this sub Reddit appropriate for asking about pre-paying funeral expenses? If so has anyone had any luck with ordering grave site monuments thru on-line monument companies? I ask because my local mo...
RIAs must consider the bottom line when evaluating health care planning options, but the positives of delivering more holistic and comprehensive planning to your clients should not be overlooked....
Retirement planning has changed over the years, but has the industry evolved to keep up? Your retirement needs are much different from those of your parents' generation. This is why it is important to...
As discussed in prior posts, the key to successful retirement planning is to annually determine your Funded Status, monitor it from year to year and Adjust spending when your Funded Status falls outsi...
I always had it in my mind that I would retire at age 65, but recently since my portfolio values are way up, I've been asking... is that really necessary? Can I bag it early? I'm really sick of workin...
In this episode we continue to compare and contrast retirement planning today vs. retirement planning in “the good old days”. Glenn is available for in person and online meetings if you'd ...
For high-net-worth families, there are financial planning strategies to take advantage of today before the rules change....
Master of Change by Brad Stulberg. I read this book a few months ago. It is a mixture of old philosophy & new psychological research on how to deal with change. I found it invaluable. I'm retiring...
Here is a list of questions your financial advisor should ask for you to maximize your Social Security benefits and determine your overall financial goals....
Key: You should determine your Funded Status annually and monitor it from year to year. Why? Your Funded Status is a summary statistic that reflects actual experience and can keep you on track to meet...
I see a lot of people here asking if they can retire, or saying they've asked their advisors if they can retire. It seems to me that they might be missing a valuable retirement planning tool: a budget...
Over the next two episodes we'll explore this question as we compare and contrast retirement planning today vs. retirement planning in “the good old days”. Glenn is available for in person...
You are responsible for your finances in retirement and need a plan that works. The Actuarial Approach, with its Funded-Status-focused process can help you: Grow your assets, Protect your assets, Spen...
Hey everyone! Have you been to Japan? We visited in 2010 and had a fantastic time. It was our last international trip before we had a kid. Travel was so much easier and carefree back then. We visited ...
We did it when my kids were young, but I was most concerned with who would care for them than anything else. The rest of it was noise to me, though my spouse was there to make decisions. They are olde...
Retirement planning is not the complicated problem that you imagine. It's complex. Here's why that distinction matters....
Are you considering passing down your assets to the next generation? Explore effective strategies for transferring your wealth, initiate the estate-planning process, and discover how estate planning c...
Retirement planning isn’t only for those close to retirement. In today’s post, we’ll review essential retirement tips by age range ... Read more...
I’m 66 next month and on FMLA from my high stress health care job with a mean boss. I’m done. When should I apply for Medicare? I’ll loose my insurance from work April 10th if I don&...
This post was contributed to Leisure Freak by Quintin Beaumont of Verified Movers. Embarking on a new chapter in life, seniors often face the challenge of relocating. Managing this process smoothly re...
Folks who take time to evaluate the market dynamics may find strategies to help them achieve their goals. Here are some points to consider in this high-rate environment....
My team at Keen on Retirement has been hard at work analyzing the question that's top-of-mind for many of our listeners. And after crunching the numbers ... Yes, it looks like Taylor Swift will be abl...
From knowing your demographics to understanding RMDs, these are some of the best opportunities for tax planners to demonstrate their value to clients this year....
Husband and I have been planning to retire early in 5 years at age 60. Both of us are government employees and will have enough years for modest, but decent pensions. The idea has been that one of us ...
The post 5 Tips on How to Get Started with Estate Planning appeared first on The Retirement Solution....
Larry Sprung, a CFP and author of Financial Planning Made Personal, joins 'Forbes Talks' to discuss how families can better plan for children's college, retirement, and unexpected life events....
Beginning with a vision is a fundamental difference between retirement planning and investment planning. What do you want your life to look like in retirement?...
I will be 63 this year & hubs is 4 years younger & retired 2 years ago with his pension. We never made saving for retirement a priority, AT ALL. No 401k or savings account. I am still working ...
Let's ditch the one-size-fits-all debt drama from financial pros and gurus in favor of more personalized personal finance guidance....
I have decided to retire early (62) and trying to decide if I should start this process with HR or just take all my vacations and then give 2 weeks notice. I have a pension plan but I probably will no...
The more the Great Recession recedes in the rearview mirror, the clearer is the damage sustained by the workers born in the final years of the baby boom. These so-called late boomers were between 42- ...
The new year will usher in more changes than usual that will impact your retirement plans....
When it comes to achieving your financial goals, one investment avenue that stands out is annuities. Annuities offer a unique combination of protection and growth potential, making them an attractive ...
Traditionally, retirement and financial planning have been treated the same. My assessment may shock you. Retirement planning is not financial planning....
If you are planning on retiring before age 65, there is no doubt that you have had this question. What do you do about health insurance? In the United States, the health insurance landscape is ever-ch...
When we fall behind on our holiday shopping lists, there are usually some last-minute deals and expedited shipping options that can help us catch up. But if you fall too far behind on your annual fina...