Money & Finance
Tax Deductions for Independent Living Community Residents
Retiring means a lot of things, like finally having all the time to do what you’ve always wanted without having to worry about holding down a nine-to-five. Being retired is about embracing that freedom in a major way. Yet in order to enjoy your newfound freedom, you do need to ensure you have the resources to do so. No longer having to work also me...Read More
Why NOW Is The BEST Time To Sell Your Home….
The old saying “strike while the iron is hot” — which means you should act when you see an opportunity instead of waiting to see if conditions change — can be applied to so many different situations. Whether it’s asking that special someone out for coffee, jumping at the chance to switch careers, or investing in something with the potential to real...Read More
Can We Put Retirement First – And STILL Help With College?
Sparing a loved one from college debt at the expense of your own future is a failing strategy. Here’s a better approach. As parents and grandparents, we want our offspring to have it easier than we did growing up. So it’s only natural to want to lessen their financial burden when it comes to college. And while you’ve likely heard the advice from mo...Read More
Social Security: 6 Commonly Asked Questions
Social Security income is an important discussion to have with your financial advisor before you stop working. Below are commonly asked questions and answers to help you prepare for the conversation. 1. When should I collect Social Security benefits? The answer is different for every individual, as it depends on several personal factors. Her...Read More
Downsizing: The First Step in Living a More Active, Healthy, Social Life
Ah, retirement. Finally, time spent permanently away from work! Now is the time to live your life to the fullest. Pursue all those interests and hobbies you never could because there was no time! Spoil your grandkids as they deserve! Travel the world and go on adventures like you always wanted to! Your days of punching that time clock are over – no...Read More
9 Myths about Retirement: Healthcare, Expenses, and More!
Retirement is a great reward for putting in literally decades in the workforce. That being said, preparing for retirement means ensuring that you can enjoy your golden years without any financial worries. It’s all too common to end up getting sucked into thinking the wrong way about retirement, so we’ve done our best to come up with the top nine my...Read More
Your Retirement Income – 5 Factors To Know
Financial decisions may impact your income and taxes at certain retirement milestones. A key milestone is the window between your retirement date and the year you begin taking required minimum distributions (RMDs). Strategic planning for this window may extend your retirement dollars, so continued support from your financial advisor is essen...Read More
To Work? or Not To Work….. Some Reasons To Think It Through
Why would anyone choose to keep a job when they could retire (or go back to work when they could stay retired)? After all, “tradition” has it that most workers eagerly await retirement. We tend to think of it as our ultimate reward for decades of effort and hard work. But sometimes, the reality of retirement living doesn’t match ...Read More
“Sandwiched?” Financial Implications Can Be Real
The “sandwich generation”—people still supporting adult kids or grandchildren while caring for their own aging parents—has grown in recent years. Nearly 48 million Americans, or 19.2%, have provided care for someone 18 years or older in the past 12 months. That number has gone up by more than 8 million since 2015. Though the “sandwich generation” ...Read More
Financial Benefits of Working after Retirement
Given retirement can last several decades, many retirees continue working to some degree. Whether by choice or necessity, working after retirement provides you with financial benefits. If you don’t have a financial advisor, this may be a good time to seriously consider getting one. Here are a few considerations to discuss with your financial advis...Read More
Some Thoughts about Reverse Mortgages
QUESTION: What are the pros and cons of reverse mortgages? “Needs to know.” AFL’S ROSEMARIE BOYD ANSWERS: Dear “Needs To Know:” Before I give my opinion on this, I would like to start with a word of caution! This decision is one which should not be made without expert advice! Because much of the decision is a planni...Read More
Is A Loved One Losing Capacity? A Way To Tell…
An estate attorney recently noted that when it comes to judging capacity, many compromised folks are very good at hiding their downward trajectory. Little jokes, annoyed denials, push back, turning the tables, and graceful changes in conversation are all part of the repertoire. Also, being forgetful, or other symptoms people want to associate with ...Read More