How Much Is Enough?

Most Americans haven’t saved enough for retirement. A recent article on Yahoo Money states “1 in 4 have no retirement savings.”  Clearly $0 in retirement savings is not enough, so just how much is “enough”? How do you know how much you should be saving in order to reach your retirement goal? How will inflation impact your retirement? What about Long Term Care? The final answer varies from person to person, but some universal rules apply. Call us if you’re interested in a no-cost, no-obligation appointment. We have a few ideas you might like. Inflation calculator: Read full Yahoo

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How Well Did You Adapt?

We can all agree that the pandemic created many unexpected events in each of our lives, and we’ve all had to figure out how to adapt. That means now is a good time to review how your needs may have changed, and if those changes have impacted the financial goals you previously set for yourself and your family. One way of doing that is to outline what your needs are today, and then decide what you think you need to do to prepare for tomorrow. Depending on your life stage and goals, and how the pandemic has personally impacted your

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psychology of saving for retirement graphic

The Psychology of Saving for Retirement

If you have ever wondered why saving for retirement feels so difficult, this week’s article may be helpful to you. The article explains, “Psychology is often just as important in personal finance as are the numbers – the way we save, spend and invest are all influenced by the way we think and feel, especially when it comes to preparing for future events like retirement.” Because retirement often seems so far away and too difficult to achieve, it is hard to get the ball rolling on your savings and the article explains how we often end up procrastinating. Call us

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retirement strategies planning for risk

Avoiding Risk With Your Retirement Strategies

While you may know that you cannot avoid risk in your life, you can prepare for it with your retirement strategies. Depending on your stage in life, there are specific risks you may want to think about and incorporate into your planning. We read about three key retirement concerns and the evolving needs and risks associated with them. We wanted to share them with you this week: Providing for your family’s future Protecting what you’ve worked for Passing on your legacy Call us if you’d like to discuss any of these, or are looking for suggestions on how to accomplish

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long term care

Independent Living

Sometimes when we think of our later years in retirement, we forget to reflect on what savings we will need beyond the monthly costs of healthcare, rent, food, etc. at an independent living facility. We need to remember to consider the larger sum of money needed to “buy in” to long-term care. This week’s article addresses how long you may need long-term care and how much it could cost: “…half of people over 65 will incur long-term care costs, and 15% will incur more than $250,000 in costs, according to a study by Vanguard Research and Mercer Health and Benefits.”

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