As individuals approach retirement age, they are often faced with many decisions regarding their financial future. One crucial decision is when to begin receiving Social Security benefits, a choice that can significantly impact the overall financial landscape of one's retirement.
In the worst of times, investing can be intimidating, but it doesn’t have to be. In the best of times, investing can be exciting, but it shouldn’t be. It’s when people get too excited, or too scared that they tend to make the biggest mistakes.
I sometimes find my eyes and mind wandering as I roam the aisles in the grocery store and the mall. With so many shopping choices today, it is often too easy to dig a little deeper in our wallets and purses to get something we consider a “must have”. While there is nothing wrong with treating ourselves (if it is built into a spending plan) trouble may arise when the extras get out of hand. Use the following tips to help keep your expenses, and goals, on track.
Why we are members of the Alliance of Comprehensive Planners.
As you enter retirement, your financial advisor may bring up the topic of Roth Conversions. Converting some of your traditional retirement savings into Roth accounts can offer significant tax advantages and financial flexibility during retirement.
Stop identity theft. For those of us over a certain age, we may still be clinging to an old habit, writing checks. It is time to consider the risk we are taking each time we write a check to our massage therapist, the lawn person, and even your doctor.