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 […]
Retirement
Retired? You Still Need To Maintain Your Credit Score
Why does your credit score still matter after you retire? If you are still paying off your mortgage loan, you might want to refinance that loan one day to one with a lower interest rate. You’ll need a solid credit score to do this. Even if you’ve paid off your mortgage, you might want […]
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 […]
Estate Planning With Big Age Gaps
Are you in an age-gap relationship? Five percent of first marriages and 20% of second marriages have a significant age gap which requires a special focus on making both of your needs work. Financial matters for large age-gap retirement planning include retirement funding, Social Security planning, and health care costs. Retirement planning Imagine a […]
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