Deciding when to collect Social Security benefits is a big decision that can have a lasting impact on your standard of living in retirement, especially if you didn’t save enough on your own. According to the Social Security Administration, Social Security benefits represent 30% of retirement income for the elderly. Making this decision is a […] READ MORE
Losing a spouse through death or divorce can be emotionally devastating and is often a difficult time to make important life decisions. Yet it’s this very time that attention needs to be paid to important financial matters such as retirement assets, budgeting on a single income, appropriate insurance, or reviewing Social Security benefits. Should you become […] READ MORE
Everyone faces similar challenges in planning for their long-term financial goals, such as a successful retirement. But women seem to have a few unique obstacles to overcome. Fortunately, through a well conceived financial plan and implementing a solid strategy, women can alleviate those obstacles: Longer life expectancies – Women on average live seven years longer […] READ MORE
Women now comprise nearly half of the U.S. workforce, and they now earn a higher percentage of the bachelor’s and master’s degrees compared to men. So how come women’s average retirement plan balances are just 60 percent of men’s average balances? No, it’s not because there was just a great shoe sale! CONTRIBUTING FACTORS Several […] READ MORE
About a third of all Americans think that they will not have enough money saved to retire. Carefully planned and executed retirement strategies will get you there — it’s possible to even retire early. Start executing these early retirement strategies today, you’ll be glad you did: 1. Determine the amount of money […] READ MORE
When it comes to Social Security, far too many retirees and future retirees are in the dark. Not only are most Americans not fully informed about the program, they don’t know how to maximize their benefits. Of course, knowing what Social Security offers and how to get the highest-possible benefits are two different things. There’s a lot […] READ MORE