Early, Mid, and Late Retirement: The Guide to Planning and Taxes

Part 2 – Early, Mid, and Late Retirement: The Guide to Planning and Taxes

If you read our earlier guide on pre-retirement, you know that a lot of thought goes into planning for these later phases before you reach them. Now let’s get into what to expect and how to plan for your early, mid, and late retirement.   Early Retirement (Early 60s) During early retirement, your income should […]

Pre-Retirement: A Guide to Planning and Taxes

Part 1 – Pre-Retirement: A Guide to Planning and Taxes

So you’re ready to retire and enjoy your reward after years of work. Congratulations! The good news is if you’re like many people, you’ve prepared for this moment by funding retirement accounts over your career so you can supplement your Social Security payments. The bad news is taking money from those accounts in distributions is […]

10 Years and Counting – Points to Consider as You Approach Retirement

10 Years and Counting – Points to Consider as You Approach Retirement

If you’re a decade or so away from retirement, you’ve probably spent at least some time thinking about this significant life change. How will you manage the transition? Will you travel, take up a new sport or hobby? Will you spend more time with friends and family? Will you continue to work in some capacity? […]

Deciding When to Retire: When Timing Becomes Critical

Deciding When to Retire: When Timing Becomes Critical

Deciding when to retire isn’t one decision, but many. That’s because there are a lot of factors to consider when you want to plan it right. For example, you need to estimate not only your expenses but also what sources of retirement income you’ll have and how long you’ll need that income to last. That […]

Building Healthcare Costs Into Retirement Planning

Building Healthcare Costs Into Retirement Planning

Planning for your future healthcare needs can be like pulling teeth, especially when you need to involve your financial advisor. But with expenses rising, you’re not planning for your retirement if you don’t consider potential costs and how to avoid them. Healthcare costs are rising in a trend that you can safely expect will continue, […]

Cracking the Nest Egg: When Accumulation Becomes Distribution

Cracking the Nest Egg: When Accumulation Becomes Distribution

Leaving the workforce to live off your savings is an adventure. It’s exciting and nerve-wracking all at once. If you want to take the plunge and enjoy the experience, you’re going to want a stalwart guide to help you prepare for and navigate through the ups and downs. Retirement planning can be easy during the […]

How Tax Planning Changes Through 4 Stages of Retirement

Every year, more clients are shocked by how much they have to pay in taxes. Whether it’s their IRA, 401(k), or another tax plan, they seem less prepared every year, and that’s understandable. Everyone knows the tax code is a convoluted mess, but few realize just how many hidden penalties lurk in the paperwork and […]

3 Mistakes to Avoid in Retirement Planning

It’s easy to get overwhelmed just thinking about preparing for retirement. With so many variables to consider, it’s hard to know what you should do about developing a strategy for retirement income. If you’re having trouble wrapping your hands around what you should do, you might want to begin by focusing on what you shouldn’t do. Here are three […]

How Secure Is Social Security?

If you’re retired or close to retiring, then you’ve probably got nothing to worry about — your Social Security benefits will likely be paid to you in the amount you’ve planned on (at least that’s what most of the politicians say). But what about the rest of us? The media onslaught Watching the news, listening […]