Retirement

What would you do if you lost your Medicare Insurance card?getty In late January, I talked with Bill, a client whose job, along with his healthcare insurance, was eliminated and he needs Medicare by March 1. My first question was, “Are you…

gettyStart Early and Get to Know the Social Security Program I have been advising people for years now on the various ideas they have when it comes to claiming Social Security benefits. Social Security is a program that is loaded with…

What Is a Will Contract?Should a couple sign a will contract to backstop their estate plan?getty What is a “will contract,” and why might you care? A will contract is an agreement you might make with another person, often a spouse (and more…

gettyA special SECURE 2.0 Act bonus kicked in as of the new year. It’s something all parents need to be aware of. For the first time ever, they can now save for their children’s college education and their children’s retirement at the same…

Budgeting in retirement is an important part of your "retirement job."gettyHow much money should you expect to spend in retirement? That’s an important question to answer as you’re planning for retirement. If you prepare a budget for your…

Estimating your life expectancy is an important retirement planning step.Source: Steve VernonHow long can retirees expect to live in retirement? It’s an important question that’s often misunderstood. Surprisingly, most people underestimate…

Broken Piggy Bank with Banknote and Golden CoinsgettyThis piece is written in collaboration with a colleague of mine, Amir Noor, CFP®, director of financial planning at United Financial Planning Group, who first developed the idea of the…

I’m reading the short book, The Gap and the Gain, co-authored by Dan Sullivan, the famed founder of Strategic Coach, and Dr. Benjamin Hardy, and while it applies to many areas of life, its implications in how we approach our finances and…

gettyDon’t wait until late in the year to plan your charitable gifts. Maximize the benefits to both the charity and you by considering contribution strategies throughout the year and implementing them well before December 31. When most…

Wages have outpaced inflation since early 2023gettyThe labor market recovered quickly from the massive pandemic induced downturn in early 2020. The labor market regained its pre-pandemic strength within a few short years. Moreover, it…