Tag Archives: retirement planning

Strategies to Successfully Navigate 5 Financial Milestones

As we go through life, we pass milestones that mark transitions into different phases of life. Financial transitions accompany these turning points. Our goals change and our priorities shift in response to these changing life needs. While everyone’s financial journey is different, most people pass through five primary financial stages as they age. During each stage, income, spending patterns, financial priorities, and goals tend to change in predictable ways. Knowing which financial goals to work… Read More »

Tips for protecting your financial life as a caregiver

Few tasks in life can be as rewarding and challenging as being a primary caregiver for your loved ones. And care-giving comes in a variety of forms, from looking after ailing relatives to raising children as a stay-at- home parent. Whether you purposefully chose the role or life’s circumstances required you to fill it, you face myriad responsibilities that can distract you from managing your own financial life. To feel secure in your future and… Read More »

Simple Financial Planning Tips for Ramping up your Retirement Savings

No matter where you are in your life, saving for retirement is likely one of your most important financial planning goals. But, even if you have professional guidance and a clear strategy for your desired future, you could still be missing some straightforward ways to maximize your retirement savings. The reality is: Most people do not save enough money for retirement. In fact, the National Institute on Retirement Security estimates that Americans have at least… Read More »

June is Alzheimer’s and Brain Awareness Month

Alzheimer’s is one of our nation’s costliest diseases. According to the Alzheimer’s Association, total health care, long-term care and hospice payments related to Alzheimer’s disease and other dementias will total $236 billion in 2016. Sadly, afflicted individuals without adequate long-term care insurance frequently lose most, if not all, of their financial assets. But even dementias’ beginning stages and mild cognitive impairment experienced by healthy seniors can put personal wealth at risk. That’s why it’s important… Read More »

Retirement Plans for the Self-Employed Business Owner

Although employed individuals can no longer make contributions to their 2015 retirement savings, there is ample time to contribute to 2016 retirement savings. For the many self-employed individuals who don’t have a plan for retirement saving, this would be a good year to start catching up.  Multiple options are available: Simplified Employee Pension (SEP) IRA. The most popular choice for sole proprietors with no employees, the SEP IRA is easy to establish and administer and… Read More »