Steve and Sally are nearing retirement, and they have many items on their bucket list. Longer life expectancies mean Steve and Sally may need to prepare for two or perhaps three decades of retirement. How should they position their money?1 One approach is to segment your expenses into three individual buckets: Typical Living…
DetailsRetirement is often seen as a time to relax and enjoy the fruits of your labor. However, it is also a time when your financial needs change. One of the areas where this change is most significant is in the realm of life insurance. Life insurance is a contract between an insurance company and…
DetailsOne of the most critical decisions we face in retirement is choosing the right type of Individual Retirement Account (IRA). In 2023, two popular options continue to be the Traditional IRA and the Roth IRA. Both offer unique advantages and considerations, and understanding the key differences between them is essential for making an informed…
DetailsWe are primarily retirement planners, but oftentimes we find ourselves also wearing the hat of a life coach for our clients. One example is the impact that the pandemic had on people’s retirement plans. As Covid gets more in our rear-view mirror, it provides a good reminder that nothing is ever guaranteed…
DetailsHello there! As a Financial Planner, I’ve seen it all when it comes to retirement planning. Pursuing your retirement dreams is no easy feat, but making some common mistakes can make it even more challenging. So, let’s take a look at eight big mistakes you should avoid if you want to make your retirement…
DetailsAre you ready for Retirement? In order to answer this question confidently, you’ll need to consider a variety of different factors. To help measure your retirement readiness, assess where you stand on these ten crucial items. 1. Retirement Budget Do you know what your monthly income will be in retirement? Start by drafting a monthly…
DetailsYou may have heard a number of cautionary tales from your fellow retirees who have fallen into classic retirement pitfalls. Perhaps you, too, are wondering what financial traps may be lurking around the corner as you plan for your own retirement. The good news is that you are already in the right place to start…
DetailsIf you are like many retirees, you may be wondering, “Can I truly have the life I dream of living in retirement?” This is an absolutely natural question to ask, especially because retirement can feel like an uncertain chapter of your life. Most retirement portfolios are tailored to fit an individual’s objective, risk tolerance, and…
DetailsYou may be among the millions of Americans who serve as the primary caregiver for a loved one. 65 million American women, for instance, provided unpaid care for their children, family members, and elderly relatives in 2020. (1) If you are like many caregivers, you may be experiencing feelings of overwhelm and exhaustion. If…
DetailsReady for Retirement? Find out with the 5 Essential Retirement Calculators At The Retirement Solution, our hope is to provide you with the resources you need to feel confident as you enter your retirement years. We’ve created five helpful retirement calculators to help you do just that. By utilizing these free tools, you can enjoy…
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