Money & Finance

Weighing Social Security Income During Retirement

As you get closer to retirement age, you’re probably taking a peak at the Social Security statement. Will it be enough? Most seniors find relying Social Security benefits alone don’t nearly cover all expenses. In fact, some even have to pick up a job again so they can make ends meet. That idea may not bother you now, but when you finally hit the re...Read More

5 Retirement Income Strategies for Near-Retirement Workers

It’s a tricky thing to maneuver retirement income, but at some point we all have to do it, preferably before we leave our jobs. As we approach retirement, we may be wondering exactly how much longer we need to work, and if we’re really prepared for managing the money we’ve spent our careers stowing away for such a day. It’s a lot of pressure. But l...Read More

Tax Reform: How the New Tax Law May Impact You

Recently, Congress passed a new tax reform bill. Analysts at Ameriprise Financial have identified some areas that may affect taxpayers now and in the future. Tax rates and brackets The law reduces tax rates and adjusts income brackets for taxpayers, including individual filers and married couples filing jointly. However, the number of individual ta...Read More

Younger Boss? 5 Tips for Surviving and Thriving!

We’ve all thought about it at some point in our careers, the situation that many workers fear: a younger boss!  Have you experienced it yet?  Here’s a reality check from the world of work: guess what’s much more common after 50, older boss or younger boss? According to Pew Research, as of 2015 Millennials became the largest single generation in the...Read More

The After-50 New Job, Better Job Challenge. 5 Tips…Make It Happen!

Now that we’ve entered 2018 it’s the time of year that many people start thinking about improving their careers.  After 50 this might mean upgrading from your current job, moving into a more passion-driven career or semi-retirement job, or returning to work after voluntary retirement or unemployment. Here’s the good news: this is the best time of y...Read More

Financial Moves You Should Make Before 2018

In December, it’s easy to start looking at the year ahead. Most of us are planning for the new year, be it for expenses, like a vacation or a major housing repair that’s needed, or for income, we’ll bring in. Each year we come up with new plans and new strategies. But before you get too far ahead of yourself, look at 2017. Now’s the time when you c...Read More

Is Your Partner Financially Faithful?

When we think fidelity, we think extra-marital affair. Another woman, another man, enters the picture, and deception spoils the marriage. But there’s another form of infidelity, and it comes in the form of finances. As with cheating partners, the statistics aren’t very promising. Various studies show that 30 – 40 percent of spouses are financially ...Read More

Is a Reverse Mortgage Right for You?

  Handling money in retirement is a complicated business. We want our money to grow, we want to be secure, and we want to try to leave money to our heirs.  Owning a home is a big part of most people’s retirement plans, and so the idea of a reverse mortgage is bound to come up. What is it? A reverse mortgage is essentially a loan on your own in...Read More

5 Tips to keep earning a paycheck in retirement

Retirement today is not that of a generation ago, we are living longer these days, and retirement is not what it used to be.  Today, 60 (and beyond) is the new 50. Retirement is no longer a time to just garden and visit the grandkids, and healthier retirees want to stay engaged and stimulated. According to a recent survey about two-thirds of worker...Read More

Pay Off a Mortgage or Invest? 3 Steps – You Decide

Key Points Paying off a mortgage early could reduce overall interest paid over time Investing the funds could yield a better return than mortgage interest saved With interest rates changing, it may be time to reevaluate your options Entering retirement with the mortgage paid off is a common aspiration. Paying off a home loan even sooner than that c...Read More

5 Scams Aimed at Baby Boomers

If you’re visiting your mom or dad and see an excessive amount of junk mail, take note: Your parent might be a prime target for fraud. “If your parents’ mail is filled with sweepstakes notifications, free gift offers and more magazines than they could possibly read, chances are good they’re on a ‘sucker list,'” w...Read More

3 Tips for Selling Investments

Key Points Knowing when to sell is just as important to building wealth as knowing when to buy Emotional decision making could impair your ability to make good long-term choices Rebalancing your portfolio on a regular basis can help lock in gains and avoid losses On May 17, 2017, the Dow Jones Industrial Average Index dropped 373 points after a ser...Read More

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