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2026 Retirement Account Contribution and Eligibility Limits
Well, we’re just starting the third month of 2026, so it’s a good time to be sure that your retirement savings contributions are properly set up since it’s so much easier to fund these accounts over time instead of having to make larger contributions closer to retirement. This month we’ll cover the contribution and income […]
Non-Financial Reasons to Retire
When many of us think about retiring, we often start with whether we’re financially ready and how old we are. We may also evaluate when Medicare will kick in. While these factors are important to a comfortable retirement, there are a number of other reasons to consider starting the next phase of your life. This […]
After-Tax 401(k) vs Roth 401(k) Contributions
You probably already know this, but as a reminder a 401(k) is a retirement savings plan offered by many employers that allows you to save and invest a portion of your paycheck before or after taxes, depending on the type of account you choose. (To avoid any confusion, there are also traditional and Roth IRAs […]
Roth 401(k) Plans
You probably know there are two commonly used types of retirement plans: Individual Retirement Plans (IRAs) and 401(k)s/403(b)s offered by employers. Further, they come with different tax treatment choices, Traditional and Roth. In short, the Traditional option is funded with pre-tax dollars and withdrawals (contributions and growth) are taxed as ordinary income. The Roth option […]
Reasons to Delay Social Security Payments
In this article, I want to share some information on the advantages of delaying your Social Security benefits. Industry research has confirmed that most retirees benefit from delaying Social Security payments. There are, of course, reasons why people don’t do this even though it might benefit them to do so. Some simply need the money […]
Preparing for Retirement in 1-3 Years
Are you within a few years of retirement? If you are, this month’s article is for you! (It might also be useful for the younger folks so that you can determine what shape you’ll be in when you do approach retirement.) I’ve written a number of articles to help people prepare for retirement. It might […]
Working after Retirement
Lots of people are still working after the traditional retirement age. The Bureau of Labor Statistics states that the labor force participation rate in 2018 for those aged 65-69 was 33.0%, for age 70-74 was 19.5% and for those 75 and older was 8.7%. This month we’ll take a look at why so many people […]
Using Home Equity to Fund Long-Term Care
Have you thought about whether you might need long-term care as you get older? The Department of Health and Human Services has determined that 70% of adults who survive to age 65 will need long-term services and support before they die and that 48% of those people will receive some paid care over their lifetime. […]
Sustainable Withdrawal Rate
A sustainable withdrawal rate simply means the amount of money a retiree can withdraw from their investments each year without running out of funds before they die. This month, we’ll look at some important considerations when estimating a sustainable withdrawal rate. We’ll also introduce one way of doing this which is used by many financial […]
Aging in Place
Aging in place simply means continuing to live in our home as we get older. A recent AARP survey determined that 87% of adults over the age of 65 want to age in place. This month, we’ll take a closer look at whether aging at home is right for you. People Who Want to Age […]