Why Today’s Retirees Might Fear Running Out of Money

You might have been aiming to save a certain amount for retirement - and maybe you’ve already achieved that goal. But, considering inflation, an unpredictable market, and a lack of guaranteed income once your paycheck stops, you might be reconsidering whether you’ve actually saved enough. There are a few reasons why today’s retirees might fear [...]

You Can’t Stop Inflation, But You Can Prepare

Did you ever hear your parents or grandparents talk about how much less everything used to cost? They weren’t exaggerating - in 1960, a gallon of conventional whole milk was 31 cents, and today it’s $3.77 on average.[1] A few dollars might not seem like much, but that’s a 1,116% increase. You’ve likely noticed higher [...]

By |2022-05-23T14:10:52+00:00May 23rd, 2022|Economy, Federal Reserve, Financial Planning|0 Comments

Four Common Retirement Mistakes You Could Be Making

Practice makes perfect, but unfortunately, retirement isn’t something you can practice. It typically happens one time, and there may not be many opportunities to learn from your mistakes. The best way to avoid making mistakes in the first place is to educate yourself and create a plan. Here are some common retirement mistakes you could [...]

By |2022-05-17T15:59:29+00:00May 17th, 2022|Financial Planning, Retirement Planning|0 Comments

The Retirement Rules Could Change Soon – Have a Response

If you have a financial plan in place, you may think you’re set. However, the rules of retirement are always subject to change. We’ve seen new retirement legislation in the last few years and could see more soon. It’s important to understand how you could be affected and think about how you will respond. The [...]

By |2022-05-02T14:00:12+00:00May 2nd, 2022|Financial Planning, Retirement Planning|0 Comments

3 Major Retirement Expenses to Include in Your Budget

General retirement planning advice says that you’ll need about 80% of your pre-retirement income in retirement, but this may not be the case for everyone. Inflation, taxes, and long-term care costs are easily overlooked - but these expenses could be high. When creating your retirement budget, don’t forget to include these three expenses. Taxes: How [...]

By |2022-04-19T13:47:52+00:00April 18th, 2022|Financial Planning, Retirement Planning|0 Comments

Rising Interest Rates and High Inflation – How Will You Respond?

The Federal Reserve voted to raise interest rates for the first time since 2018 and has several more rate hikes planned for this year.[1] Rising interest rates can have significant effects on the economy and your finances. Between a volatile market, high inflation, and rising interest rates, know how you’ll respond. The Federal Reserve Raising [...]

By |2022-04-11T11:18:54+00:00April 11th, 2022|Economy, Federal Reserve, Financial Planning|0 Comments

How Do You Handle a Volatile Market?

Now that you’re nearing retirement, the term “market volatility” might stir up different feelings than it did 30 years ago. Older workers and retirees understand that they have less time to make up for losses in their investments and to ride out future market crashes than they did when they were younger. Leaving your financial [...]

By |2022-02-14T13:19:39+00:00February 14th, 2022|Federal Reserve, Financial Planning, Stock Market|0 Comments

How Much Are You Left With After Inflation?

In 1960, a gallon of conventional whole milk was 31 cents, and today it’s $3.77 on average.[1] A few dollars might not seem like much, but that’s a 1,116% increase. Now that we’re seeing high inflation, the buying power of your money – including your retirement savings – could be seriously impacted. When calculating how [...]

By |2022-01-31T18:10:51+00:00January 31st, 2022|Economy, Financial Planning|0 Comments
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