Tip of The Month

2024’s Record Number of Retirees May Spark a Recession
A record number of Baby Boomers will reach the traditional retirement age this year. By 2030, they will all be at least 65 years old. This creates a fiscal problem, however, because fewer taxable workers ultimately means less

many Are Scared to Spend Money in Retirement
Many retirees are concerned that they may outlive their savings, making it hard for them to spend money during retirement. Can you blame them for being scared to spend? Much of the financial world is

Unexpected Retirement Expenses
Taking out an extra $10,000 from your savings for a new roof may not seem like a big deal at the time. However, costs build up, and plans to cover future expenses may be disrupted.

Gen Xers and Retirement
Generation X will begin turning 60 this year, in 2025. There’s a wide range of people in Generation X; typically defined as those born between 1965 and 1980, Gen X includes people with varying financial

Recover Your Lost Retirement Account(?)
When employees change jobs, their retirement plan accounts may be left behind and eventually forgotten. Fortunately, a new federal database should make it easier to find your lost retirement accounts from previous employers. In May

Holiday Travel Tips
You may feel extra stressed and busy during the holidays, especially if you have plans to fly for Christmas or Thanksgiving. The following holiday travel tips may help your holiday abroad go more smoothly, whether

How Much Do You Want to Travel In Retirement?
Traveling in retirement could be your golden ticket to a new level of freedom, with each day bringing new adventures and discoveries. If you’re the type of person who deeply appreciates travel, of course. It

The IRS encourages “End of Summer Tax Checkup”
The IRS has recently advised taxpayers to do a tax check-up. This might help you prevent getting unanticipated tax bills in the next year. The agency underlined that many taxpayers would owe taxes if they

7 Big Retirement Mistakes You’ll Live To Regret
For countless workers, retirement represents the ultimate goal: the day you leave work, return home, and never look back. Retirement, however, is not always what is expected of it, and many retirees regret the decisions

How Higher Interest Rates Affect Annuities
There are currently other options with the potential to yield higher income than bonds and market investments. For example, payouts from annuities* are higher than they have been in a long time. More precisely, annuities

Are You a “Solo Ager”?
A “solo ager” is someone who finds themselves living far away from any relatives or close friends during retirement. Americans are becoming more and more likely to live alone, whether they are single, widowed, or

Generating Extra Income in Retirement
If you retired early, your Social Security benefits may no longer be sufficient. Maybe you need to help your adult children or grandchildren. Retirement can sometimes make living more expensive than it was before. And,

The $1,000 Rule and the 4% Rule of Retirement
The $1,000 Rule and the 4% Rule of Retirement How much money will you need in order to get by in retirement? How much income will you need to withdraw each year? As you approach

2024’s Record Number of Retirees May Spark a Recession
A record number of Baby Boomers will reach the traditional retirement

many Are Scared to Spend Money in Retirement
Many retirees are concerned that they may outlive their savings,

Recover Your Lost Retirement Account(?)
When employees change jobs, their retirement plan accounts may be

How Much Do You Want to Travel In Retirement?
Traveling in retirement could be your golden ticket to a

The IRS encourages “End of Summer Tax Checkup”
The IRS has recently advised taxpayers to do a tax

7 Big Retirement Mistakes You’ll Live To Regret
For countless workers, retirement represents the ultimate goal: the day

How Higher Interest Rates Affect Annuities
There are currently other options with the potential to yield

Generating Extra Income in Retirement
If you retired early, your Social Security benefits may no

The $1,000 Rule and the 4% Rule of Retirement
The $1,000 Rule and the 4% Rule of Retirement How