If you are like the millions of Americans approaching retirement and navigating the social security system, you may be wondering: How much will my Social Security income benefit be? How do I maximize my benefits for my spouse and myself? When should I begin taking Social Security? Over the years, the Social Security system…
DetailsIf you are unsure of how your spending habits will change throughout your retirement years, you are not alone. Many new retirees are concerned about spending too much too early in their retirement, and they may hold back from spending their hard-earned income. After all, the mindset and habit changes required to shift from working…
DetailsWhen you invest money, you are putting it at risk — all investments can lose money. The key is to gauge your risk and not put more money at risk than you are willing to lose. This is a relative concept. If you only have $10,000 to invest, then putting $9,000 in…
DetailsIn a recent survey by the American Psychological Association, more than 80% of American adults said they were feeling increased financial stress due to: Higher inflation (87%) Ongoing supply chain issues caused by the pandemic (81%) Global uncertainty due to the war in Ukraine (81%) Furthermore, hardships related to the pandemic — including poor health,…
DetailsGlobal turmoil and rising inflation have presented today’s investors with some pretty daunting risks. But remember, this is the situation for which you built a long-term plan. If you haven’t developed such a strategy yet, we are happy to help you do so. We can help identify your long-term goals, particularly with regard to retirement…
DetailsHome Alone (1990) “This is ridiculous. Only a wimp would be hiding under a bed. And I can’t be a wimp. I’m the man of the house.” Home alone is one of the most iconic movies in general, not just for Christmas time. However, it’s such an integral part of Christmas time that it’s become…
DetailsIt’s that time of year once again. The time for apples, pumpkins, changing colors on the trees and … The Medicare Annual Enrollment Period (AEP)! Every year from October 15 through December 7 those who are eligible for Medicare have the opportunity to make a few key changes to their plans that could help save…
DetailsTo all parents out there, do you talk about money with your children?
If so, what’s your approach?
In this week’s episode, The Retirement Solution’s Mike Whitmore quickly breaks down how to start, introduce, and maintain financial and money-related conve…
If there’s one thing I’ve learned in all my years as a retirement planner, and as a father to four children between the ages of 7 and 24, it’s that talking about money is really important. When you talk to your children about money it not only helps prepare them for a healthier financial…
DetailsNon-retirement investments are “non-qualified,” meaning that you’re investing with after-tax dollars and are not subject to any special tax treatment.
In this episode, The Retirement Solution’s Tyler Lively navigates the path of investing with non-reti…