Retirement Planning

Understanding our financial intentions is crucial because it allows us to set goals that truly matter to us. When our goals align with our deeper intentions, we are more likely to stay motivated and achieve them.

Maintaining a long-term orientation can be difficult when there’s an election on the horizon that could bring big changes to the country. But it’s in times like these that a pragmatic stock market investor will focus on issues that the election could likely change while not buying into the illusion that politics control the U.S. economy.

Understanding if your Social Security benefit will be adequate to either supplement or solely provide a secure retirement depends on a variety of key factors. However, research from Fidelity estimates many retirees will likely need to rely heavily on their personal savings and pension income to replace about 45% of their pre-retirement income.

Single professional women may have unique challenges when it comes to planning for retirement. By having a plan of action and a knowledgeable guide in a CERTIFIED FINANCIAL PLANNER® professional, single women can have a personalized retirement plan and a resource who can help you navigate complex financial decisions you’ll encounter through life and into retirement.

Many people dream of packing up and moving to somewhere sunny with warmer weather to spend their retirement. However, it's essential to consider several factors before making such a retirement move: aspects like healthcare accessibility, cost of living, taxes, social networks and proximity to family should all be carefully evaluated to ensure a comfortable retirement experience.

We have been trained to become experts at playing the long game, emphasizing tomorrow over today and often sacrificing the present and our health for the future. Saving instead of spending. Working longer now so you can enjoy the fruits of your labor later. Putting off travel, expenses and enjoyment so you can reap the rewards in retirement.

Due to the decreased use of pensions, baby boomers are the first generation in history with the freedom — and responsibility — to fund their own retirement, which could last upwards of 30 years. The question: “How to make one’s money work for them when they are done working for their money?” has never been more important.

This rule suggests that retirees can withdraw 4% of their retirement savings every year for the duration of their retirement. However, as economic landscapes and life expectancies evolve, the original 4% rule is increasingly being considered outdated and in need of a revamp.

For many Americans, retirement is the ultimate financial goal, one which takes decades of saving. But between managing retirement accounts and balancing portfolios, it can be easy to lose sight of what expenses you’re saving for. As retirement gets closer, ask yourself these three questions to ensure you’re on track for a meaningful retirement lifestyle. Thinking about your lifestyle in retirement is the most important first step. Consider choices such as where you want to live, what you want to spend your time doing, and which people you want to do those activities with.

It’s summertime, and everyone is feeling good! Not many people are thinking about financial planning right now. Usually, clients like to think about money during tax season, at the beginning of the year and in the fall. Although clients typically don’t want to meet in the summer, this is a great time to schedule a check-in. Mid-year check-in with your CERTIFIED FINANCIAL PLANNER™ professional is essential to your financial planning process. A mid-year check-in allows you to evaluate your progress toward your financial goals.