The transition from working years to retirement can prove quite difficult, especially for people who do not have a large financial cushion in their nest egg. Living on a fixed income can feel very restrictive, especially for people who previously had much fewer limits to their spending. Unfortunately, people who overspend in retirement will quickly… Continue Reading
The estate planning process can prove quite difficult, as it forces people to face their own mortality. Because of the emotions that can arise, it is important to ensure that you have the best people in your corner who continually keep your interests at the heart of the conversation and remain thorough in exploring relevant… Continue Reading
One of the most important aspects of estate planning and preparing for retirement is ensuring you have the right insurance in place to meet your potential expenses. A form of insurance that often goes overlooked is long-term care insurance. Unfortunately, many people have the misconception that Medicare will cover long-term care, but this is not… Continue Reading
One of the unfortunate truths in American economics is that many households do not have sufficient emergency savings. This becomes especially worrisome during periods of high inflation with the threat of a financial downturn looming. Such a downturn leaves many families vulnerable since they do not have savings to keep them afloat. According to a… Continue Reading
For some people, traditional retirement accounts may not provide enough income once they decide to stop working. People in this position may want to consider an annuity, which is a product that offers a steady stream of income for the life of the policyholder. However, there are many different types of annuities, and deciding which… Continue Reading
In this increasingly online world, people do not look at their digital assets in the same way they do their physical assets. However, everything from domain names to social media accounts can be considered assets. As you undertake the process of estate planning, you should be sure to include your digital assets. Making a list… Continue Reading
Many people think of trusts as financial havens for the ultra-wealthy. However, this widespread perception is changing, as more people with moderate wealth reap the benefits of having a trust fund as part of their estate planning. If you want your survivors to receive the maximum benefits from your hard work and savings, it is… Continue Reading
Estate planning is incredibly important for ensuring that your wishes get carried out when you are no longer able to voice them. Unfortunately, the estate planning process can prove quite complicated, and people can make many costly mistakes if they are not careful. By learning about these common pitfalls and working closely with an experienced… Continue Reading
Retirement planning can seem like one of the most complicated processes in life, but the truth is that you can and likely should simplify it. Of course, the calculations involved can be complex, but you should not leave any retirement planning meeting confused. If this is the case, you will likely struggle to implement the… Continue Reading
Discussions about retirement do not generally acknowledge the unique challenges confronting different populations. For example, women often face a much different picture than men when it comes to saving for retirement. A study from Annuity.com found that women not only are three times more likely than men to say that they are unable to save… Continue Reading