retirement

How High Earners Can Build a Strong Retirement with Their 401(k)

Approximately 60 million workers contribute to a 401(k)-retirement plan. A 401(k) is a tax-advantaged retirement savings plan companies offer employees and is funded through elective salary deferrals. There are several benefits to having a 401(k), especially if you are a high earner, that offer ways to build a substantial retirement. However, there are some downsides to keep in mind. Here are both the pros and cons to consider:

High-Net-Worth Retirement Planning: 6 Ideas to Help You Get Your Finances in Order

Do you consider yourself a high-net-worth individual (HNWI)? Most people tend not to categorize themselves or see themselves as anything more than a spouse, parent, sibling, neighbor, boss, or business owner. However, society does classify people. HNWIs typically have at least $1 million in cash or assets that can be converted to cash easily, which could make planning for retirement more complex. Organizing your financial life can seem daunting at first, so here are 6 ideas to help you get started.

Utilizing New Technology in Our Retirement Years

The digital revolution is transforming lives across all age groups, and seniors are no exception. Technology has become an indispensable tool for older adults, providing access to resources that significantly enhance the quality of life. For investors in retirement, focusing on how seniors can effectively use online health resources and telemedicine is not only a compassionate approach but quite possibly a lucrative investment opportunity as well.

Batter Up! How to Score a Retirement Planning Home Run

There are two things Americans have always looked forward to: going to the ballpark for the big game and retiring after a fulfilling career. Interestingly, baseball and retirement planning have several aspects in common. Taking the time to plan and create goals to work toward. There are several reasons why setting goals is beneficial, including

Inflation: The Nemesis of Every Single Retiree

With proactive planning and smart strategies, its impact can be mitigated As a retiree, one of the significant financial challenges you may encounter is inflation. The rising costs of goods and services can erode the purchasing power of your retirement savings, making it difficult to maintain your desired lifestyle. However, it’s not all doom and

Minimizing Taxation of Your Social Security Retirement Benefit

Your Social Security retirement benefit may be taxable Did you know that you might have to pay federal income tax on your Social Security retirement benefit? If the only income you had during the year was Social Security income, then your benefit usually isn’t taxable. However, if you earned other income during the year or

A Beginner’s Guide to Investing After Retirement

You may be retired and considering investing some of your retirement nest egg. Depending on your situation, it is crucial that investing in the stock market, bond market, or other investments does not jeopardize your retirement savings. For this reason, investments that preserve your initial contribution but still provide growth opportunity is essential. Here, we

Why Retirees Should Devote Time to Community Service

After retirement, you may find you have more time on your hands than you first anticipated. If you are looking for something to fill your downtime that may be fulfilling and beneficial to your health and wellbeing, community service may be an option for you. Below are just a few benefits retirees may enjoy by devoting some time to community service.

3 Golf Tips to Keep Your Retirement Plan on Course

3 Golf Tips to Keep Your Retirement Plan on Course

In golf, as in finances, there are a few rules of thumb that may improve your game: keep a level head, avoid traps, practice before trying something new and stay the course. Applying lessons from the golf course to your financial life and vice versa may help you improve your game in both arenas. Here are three tips that may help you work toward success on and off the golf course.

The Family Conversation: Addressing Your Health Care Needs in Retirement

Maybe you and your family have already attempted to have “the conversation.” You know the one: the discussion about your and your spouse’s assets and what will be done with those assets during the rest of your lives and after you pass away. Perhaps, because of your children’s sibling rivalries, the family conversation turned to

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