Should you use your business to fund your retirement?

You pour your blood, sweat, and tears into every ounce of your business. Unfortunately, while many entrepreneurs are focusing on building their businesses, they forget to properly plan for retirement. When it comes to retirement planning, it’s often asked, “Should you use your business to fund your retirement?” Some entrepreneurs don’t participate in retirement planning.…

9 Costly Medicare mistakes you can avoid

Costly Medicare mistakes are avoidable. With a little research and understanding of your options, you can make the best decision when it comes to selecting the right Medicare plan. Understanding these common Medicare missteps and taking action to avoid them is the best way to assure your retirement health care is fool proof.   Having…

6 Medicare facts every retiree should know

Health care is one of the most important pieces of your retirement planning puzzle. There are many assumptions about what the government offers and what retirees need to cover on their own. If you’re in the midst of planning for your retirement health care, here are 6 Medicare facts every retiree should know.   Medicare…

The Best Travel Tips for Retirees on a Budget

When planning a vacation during retirement, it’s important to take into consideration your travel budget and financial capabilities. While many American’s choose to “charge” their trips with a mindset of paying off the debt at a later time, this isn’t a tactic that those in their golden years should capitalize on. Retirees should know exactly…

How to properly plan for a forced early retirement

According to a study conducted by the Urban Institute and ProPublica, over half of workers over age 50 encounter a forced early retirement. This research also suggests that many of these workers will suffer financial setbacks, making retirement planning vital to their financial security. While many dream of the day they can quit their job…

Smart Strategies for Managing Your RMDs

You’ve worked hard and saved for years, and now the time has come to start utilizing your life savings. Even if you don’t need the extra income, the IRS requires you to begin taking distributions from your traditional IRA or employer-sponsored accounts at a specific age. Since your contributions have been tax-deferred, Uncle Sam wants…