There was a great article in the Wall Street Journal this past week that discussed some interesting ideas. The current tight labor market, coupled with the remote and flexible opportunities in the job market, may make retirees think about going back to work in one form or another. Especially when you consider that working may have benefits other than fiscal. However some retirees “would return to the workforce, if only they weren’t held back by cognitive blind spots. These blind spots cause them to ignore the possibility of returning to the workforce—even if working at least part-time would make them
“On the surface, retirement planning hasn’t changed all that much over the years. You work, you save and then you retire. But while the mechanics may be the same, today’s savers are facing some challenges that previous generations didn’t have to worry about,” says a recent CNBC article. We’ve touched on some of those challenges before. One significant change in recent years, that you’ll have to factor into your retirement strategy, is that life expectancy is up. People are living longer on average, and as a result, their savings might not last them the rest of their retirement. This is
Tax-advantaged accounts, or qualified accounts, allow your portfolio to grow without the impact of taxes. This is a major benefit when it comes to saving for your goals. There are multiple retirement account options to choose from, and tax rules vary for each of them. Where you end up focusing your contributions may change over time depending on your life stage and tax situation. Contact us. We’d be happy to discuss with you options, how they relate to where you are in your planning today, and what your goals are for the future.
Two of the most frequently asked questions when considering life insurance: What financial benefits will be available to survivors after your death What will their needs be? These are the most common types of benefits: Social security and other retirement-related survivor benefits; life insurance; and other assets and resources. Having these funds isn’t enough though. Knowing when they will be available is just as important. For example, social security survivor benefits are payable immediately to a surviving spouse with dependent children, but only after age 60 if there are no children. The availability of the life insurance benefit is important