According to a landmark Harvard study, solid relationships comprise certain fundamental traits. Ask yourself these questions: Whom would you call in the middle of the night in a moment of crisis? Who prompts you to undertake new ventures? Who knows your intimate secrets? Who has been a comrade, sharing major experiences? Who makes you laugh […]
Retirement
Cutting the Cord Sooner: When to Retire
Many people retire sooner or later than the typical age of 65. An entire movement known as FIRE (for Financial Independence Retire Early) grew up around a 1992 bestseller, which advocated a savings and investment discipline designed to enable adherents to retire relatively young. Financial readiness is everything. Many people who opted for early retirement […]
Elder Abuse And Retirees
According to the National Council on Aging, up to 5 million seniors suffer abuse and exploitation each year. The financial losses alone are estimated at around $36.5 billion. It is sobering to learn that one in 10 people over age 60 is mistreated in their own home by a caregiver, a family member, or […]
How to Create a Business Succession Plan
Knowing how to create a business succession plan is essential for any business to ensure continuity and stability in the case of an unexpected event. A well-crafted succession plan places the right people in leadership roles and outlines specific procedures for how operations will be managed in the event of an emergency. There is an […]
Working in Retirement: Does It Affect Your RMDs?
You may have many questions about working after retirement. Can you still contribute to retirement accounts? How does working affect your required minimum distributions? Let’s start with contributing to retirement accounts You should be able to contribute to your employer’s qualified retirement plan regardless of your age. In some instances, you can also contribute […]
Where Retirement Dollars Go
After you retire, you will probably spend less money on certain items, such as clothing and electronics, and more on domestic help, long-term care insurance, and/or charitable giving. Every household budget is unique. Spending is an expression of preferences, needs, and resources. We do, however, have ample data to indicate where retirees are putting […]
See Larger Map Get Directions