Are Your Kids Delaying Your Retirement?

bills-blog

Some baby boomers are supporting their “boomerang” children. Are you providing some financial support to your adult children? Has that hurt your retirement prospects? It seems that the wealthier you are, the greater your chances of lending a helping hand to your kids. Pew Research Center data … [Read more...]

Are You Retiring Within the Next 5 Years?

bills-blog

What should you focus on as the transition approaches? You can prepare for your retirement transition years before it occurs. In doing so, you can do your best to avoid the kind of financial surprises that tend to upset an unsuspecting new retiree. How much monthly income will you need? Look … [Read more...]

The Difference Between Good & Bad Debt

bills-blog

Some debts are worth assuming, but others exert a drag on retirement saving. Who will retire with substantial debt? It seems many baby boomers will – too many. In a 2014 Employee Benefit Research Institute survey, 44% of boomers reported that they were concerned about the size of their household … [Read more...]

The Value of Double-Checking Your Retirement Strategy

bills-blog

As you approach your “third act,” does it need to be adjusted? Motivational speaker Denis Waitley once remarked, “You must stick to your conviction, but be ready to abandon your assumptions.” That statement certainly applies to retirement planning. Your effort must not waver, yet you must also … [Read more...]

The A, B, C, & D of Medicare

bills-blog

Breaking down the basics & what each part covers. Whether your 65th birthday is on the horizon or decades away, you should understand the parts of Medicare – what they cover, and where they come from. Parts A & B: Original Medicare. America created a national health insurance program for … [Read more...]

Are You Underprepared for Retirement?

bills-blog

A university study serves as a wake-up call. Financially speaking, how many Americans are truly on track to retire? A recently published white paper suggests that about half of us are approaching our “third acts” with faulty assumptions. Perception differs from reality. Researchers from the … [Read more...]

2 Simple Ways To Rein in Your Debt

bills-blog

As the Great Recession faded, American household debt gradually decreased. In fact, it declined by $1 trillion between mid-2008 and mid-2014, according to the Federal Reserve. Now household debt is increasing once more. The Fed found it climbing by $78 billion (0.7%) during Q3 2014. On the … [Read more...]

The U.S. Savings Bond Tax Trap

bills-blog

Open that safe deposit box. See if your bond has matured. Did you buy U.S. Savings Bonds decades ago? Or did your parents or grandparents purchase some for you? If so, take a look at them before April 15 rolls around. Your bonds may have matured. That means they are no longer earning interest, … [Read more...]

Will Baby Boomers Ever Truly Retire?

bills-blog

Many may keep working out of interest rather than need. Baby boomers realize that their retirements may not unfold like those of their parents. New survey data from The Pew Charitable Trusts highlights how perceptions of retirement have changed for this generation. A majority of boomers expect to … [Read more...]

2 Simple Steps to Rehearsing for Retirement

bills-blog

Try living as a “retiree” for a month or two before you commit to leaving your career. Imagine if you could preview your retirement in advance. In a sense, you can. Financially and mentally, you can “rehearse” for the third act of your life while still enjoying the second. Pretend you are … [Read more...]