Retirement planning for couples with a large age gap can lead to some interesting planning issues. My significant other is 17 years my senior, so some of these issues come into play when thinking about planning our financial future. An age gap can affect many retirement issues: retirement plan contributions and distributions, pension distributions, Social Security benefits, and health care may need to be addressed as part of your retirement plan. Retiring Together Many couple
What is rebalancing? Rebalancing is a smart way to control your risks in investing. It realigns your portfolio back to its original asset allocation. The rebalancing process consists of selling what has become a larger piece of the portfolio than you originally intended and buying what has shrunk to become a lower percentage than your target allocation called for. The idea here is that your original asset class ratios were designed based on historical risk and return expectat
Thinking about where you want your life to be in the future – whether 30 years from now, or just 10, can be stressful. Most people don’t even know where they want to be in 1 year – and if you’re anything like me, you don’t even know what you’re doing next week! However, there are important times in life when we have to step back and make plans for the future. Not just for our own benefit, but for the sake of our children and our future generations. The following are 8 importa
Are you financially prepared for Retirement? Many people have plans of retiring later than they actually do. Because of this, they are unprepared financially retirement
Around 28% of workers have less than $1,000 in savings and investments to use for retirement. And 57% have less than $25,000 saved, according to a study by Employee Benefit Research Institute.
Many people plan to work much later in their life than anticipated. In the study, 50% of employees left the wor