4 Retirement Questions to Ask Before ‘How Much Should I Save?’

One of the most common questions we get from our clients is, "How much do I need to save to retire?" SEE ALSO: 6 Steps to Finding Your Second Act in Retirement To answer this question, we recommend focusing first on a few mostly non-financial questions designed to help you picture what "retirement" means to you. Starting with these questions can help make the financial planning process less intimidating and more [...]

February 20th, 2020|

Mind The Gap! These Gaps In Your Retirement Plan Will Surprise You

“Mind the gap!” The voice calls out again, “mind the gap!” The warning is broadcast thousands of times each day on London’s ‘Tube,’ the city’s public transportation system. Since its introduction over 50 years ago, “Mind the gap!” has become a branded slogan for British tourism, as well as a distinctly familiar phrase that signifies bringing attention to a problem that may be overlooked in the rush of everyday life. [...]

February 19th, 2020|

Retirement planning: Tips for 5 years, 2 years and 1 year before retirement

CLEVELAND, Ohio — Maybe you have a specific retirement age in mind. Or maybe you’re just fantasizing about when you’ll be able to retire. No matter, the time to do some deep thinking starts years ahead of time. In a perfect world, people would start developing a retirement plan, or at least start saving, in their 20s. When you get to about five years before retirement, it’s the home stretch. [...]

February 13th, 2020|

4 quirky Social Security rules you need to know to avoid retirement planning mistakes

It’s always what you don’t know that can trip you up when planning for retirement. And there’s a lot about Social Security you probably don’t know – but should. Or at least you should if you want the largest possible benefit for you and your household. So, what then, are some the quirkiest rules to know? Spouses and delayed benefits: Married couples are told by Social Security to plan for two lives. [...]

February 12th, 2020|

Tax planning is part of any retirement plan

The Secure Act became law on Jan. 1, and some provisions are becoming clearer. This law was passed because of the widely known lack of retirement planning by many Americans. Baby boomers are the first generation for which many workers are responsible for their own retirement. Many will not receive a pension. While some have done a great job saving in 401(k)s and Individual Retirement Accounts, many have not saved [...]

February 11th, 2020|

5 Ways to Improve Your Retirement Finances in 2020

THE NEW YEAR IS THE perfect time to start getting your finances on track, and that doesn't necessarily mean cutting back on the things you enjoy. But sometimes getting a handle on your finances can mean a little sacrifice now that will pay off in the future. Here are five things you can do to improve your retirement finances in 2020: Convert tax-deferred retirement accounts to Roth accounts. Be aware of [...]

February 10th, 2020|