New retirees sometimes worry that they are spending too much, too soon. Should they scale back? Are they at risk of outliving their money? This concern may be legitimate. Some households…

Anyone who has gone through the process of mapping out their retirement knows there can be a lot to keep in mind.

A retired couple age 65 can expect to need about $315,000 saved to cover healthcare expenses in retirement. With healthcare expenses in the spotlight, it’s incumbent upon us to make sure our retirement strategy anticipates these costs.

How do you picture your future? Some see retirement as a time to start a new career. Others see it as a time to travel. Still others plan to spend more time with family and friends. With that in mind, here are some things to consider.

Required Minimum Distributions, also known as RMDs, are the IRA’s way to tax the deferred savings built up in retirement accounts such as IRAs and 401Ks. In the eyes of the IRS, these accounts are to be used during a saver’s lifespan rather than to be passed along to the next generation while maintaining their tax-deferral.

Approaching retirement is an exciting time for most people. Spending time thinking how you will live out your “golden years” is something that we all look forward to.

You’ve worked hard for many years to accumulate and grow your wealth. Now is the time that you depend on that wealth to get through retirement, which could last 30 years or more!

Ideally, you want your portfolio to start producing enough dividend and interest income to fill the gap between income from social security and any possible pensions you may have and what your expenses will be during retirement.

A New year, a new financial you!! As we are still early in the new year, now would be a good time to make some financial planning resolutions.