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A Recent History of Federal Reserve Policy
The past quarter century has held times of economic prosperity and crisis in this country. Because your retirement hinges on your financial options and decisions, the economic health of certain parts of the financial world can dictate if and how you struggle, survive, or thrive in retirement. As such, it's arguable that no other institution has as much of a [...]
6 Important Facets of an Estate Plan
Estate planning is often viewed as something only the wealthy need, but the reality is that everyone can benefit from having an estate plan. Whether you have considerable wealth or modest assets, ensuring your assets and finances are handled according to your wishes is crucial. Without a will, a probate court may decide how your assets are distributed, which might [...]
How Lower Interest Rates Could Impact Your Money
The Federal Reserve recently announced their decision to lower interest rates, marking a significant shift in monetary policy. This change could have far-reaching implications—namely to your retirement finances if you rely on interest-earning accounts like money market accounts, CDs, and savings accounts.[1] The Impact on Interest-Earning Accounts Interest-earning accounts, known for their stability and, of late, their relatively higher yields, [...]
The Great Wealth Transfer: Why Generation X is Set to Inherit Big
As the baby boomer generation ages and begins to pass down their fortunes, a significant shift in wealth distribution is on the horizon. While millennials and members of Generation Z often capture headlines regarding inheritances, it is Generation X that stands to benefit the most in the near term. According to a recent study by Wealth-X, the average age of [...]
4 Reasons Your Retirement Needs a Healthcare Strategy
As you approach retirement, it’s easy to focus on financial planning, travel dreams, and leisure activities. However, one critical aspect that often gets overlooked is healthcare. A well-thought-out healthcare strategy can help to ensure you thrive in your retirement years without the burden of unexpected medical expenses or health-related issues. Here are four compelling reasons why you need a healthcare [...]
What is a Dividend Strategy for Retirement Income
Recently Alphabet, the parent company of Google, announced that it would be paying out dividends for the first time in the company’s history.[1] As such, you may wonder if you should adjust some of your portfolio and consider how dividends play a role in your portfolio. You may also wonder what the best dividend strategies are for your unique situation. [...]
Managing Growth and Income in Your Retirement
Congratulations on reaching your retirement! However, the journey doesn't end here; it's time to start building income strategies to ensure financial security throughout your golden years. Balancing income, expenses, and portfolio growth is crucial for a sustainable retirement. Here's a comprehensive guide to help you navigate this phase of life. Considering income sources Previously, people may have relied on pensions [...]
Is It Better to Contribute to Retirement Accounts When You’re Young?
Plenty of people in the late stages of their careers and in the pre-retirement age range may find themselves focusing on covering immediate financial needs and postponing their retirement needs. If this sounds like you, we get it, but this could be more costly than you think. It’s important to understand the potential drawbacks associated with the decision to keep [...]
