Retirement should be a time of relaxation and enjoyment, but for many retirees, financial concerns loom large. From outliving savings to navigating market volatility, inflation, and rising healthcare costs, today’s retirees face a complex landscape that requires thoughtful planning. Fortunately, with diligent planning and the right strategies in place, retirees can better prepare for […]
Retirement
Feds Make Retirement Dollars Available In Disasters Like L.A. Fires
The IRS has issued a notice explaining how the SECURE 2.0 Act provides greater flexibility for individuals impacted by a major disaster to access their retirement savings. This guidance outlines special provisions that allow qualified disaster victims to make penalty-free withdrawals from their retirement accounts, such as IRAs and 401(k)s, to help cover emergency […]
The SECURE Act’s Eligible Designated Beneficiary Designations
Inheriting an IRA can be a financial benefit, but the type of inheritance carries complications due to the regulations that you — as the beneficiary— must adhere to in terms of required minimum distributions. You also need to take the related taxes and penalties into consideration. These rules have become even more complex following […]
Should You Explore Phased Retirement?
Have you wished for something between full-time work and retirement? Phased retirement programs allow workers nearing retirement age to cut back on hours while keeping some pay and benefits. The pandemic opened bosses to flexible work arrangements. And now, a fierce hiring market and higher-than-expected retirement rates have motivated them to find ways to […]
If 60 Is the New 40, Is 80 the New 60?
First, understand that 60 no longer means being “over the hill.” Many beliefs about aging are rooted in outdated information. Nevertheless, a majority of older women claim they would ideally return to their 40s. Secondly, while the 60/40 juxtaposition may sound catchy, it is more meaningful to celebrate the many positive aspects of being […]
Learn About Assisted Living Options
Assisted living communities provide moderate support with activities of daily living for their residents. This includes meals, bathing, dressing, housekeeping, and medication management. For those who live alone, there is always a safety concern. Assisted living communities offer that safety along with the ability of residents to maintain a level of independence with the […]
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