The Secure Act and Your Retirement
The Secure Act: Easier and More Flexible Ways to Save for Retirement Americans are woefully unprepared for retirement. As survey after survey has shown, the average person is simply not saving enough to provide for a comfortable retirement. That’s why Congress is currently proposing reforms to retirement plan rules. The House bill, dubbed the SECURE […]
Retiring? Take Control of Your Assets
Retiring? Take Control of Your Assets After years of saving and investing, you can finally see the big day — retirement. But before kicking back, you still need to address a few matters. Decisions made now could make the difference between your money outlasting you or vice versa. Calculating Your Retirement Needs First, figure out […]
How Much Social Security Can You Expect?
How Much Social Security Can You Expect? One of the first steps in planning for retirement is to get an accurate read on just how much income you can expect to receive from Social Security. The exact amount of your Social Security benefit will depend upon your earnings history and retirement timing. Although Social Security […]
Considerations when Receiving a Pension
What to Consider When Determining How to Receive a Pension Benefit One of the biggest decisions that a retiree receiving a pension benefit will face could be the decision to take the benefit as a lump sum or receive it in the form of an annuity distribution. The benefit of the annuity is clear. It […]
This is Not Your Father’s Retirement
This is Not Your Father’s Retirement In 1988, when most Baby Boomers were focused on starting families and advancing their careers, Oldsmobile came out with the ad slogan, “This is not your father’s Oldsmobile.” Thirty years later, this same generation is facing a retirement that will probably look a lot different than their parents’. The […]
Housing Decisions in Retirement
How Housing Figures Into Planning For A Longer Retirement As featured in the Winter 2017 issue of Westchester Senior Voice magazine In my work as a CERTIFIED FINANCIAL PLANNER™ professional, I always discuss the topic of housing with my clients as they plan for retirement. Since, according to the U.S. Bureau of Labor Statistics*, housing […]