Planning for Phased Retirement: Your Guide to a Flexible Exit from Work
After spending a significant portion of your life at a 9 to 5 job, the sudden transition into retirement can leave you feeling stressed. While you have more time for activities you enjoy and greater control over how you spend your days, there are some downsides. You may struggle to structure your days in a […]
Working in Retirement & Social Security Benefits: Reduced Benefits, Taxes, and Earnings Potential
If you’re nearing retirement age, you probably have Social Security benefits on your mind. You’ve worked all your adult life, and cashing into eligible Social Security benefits is your right. But, if you plan to continue to work in retirement, you might wonder how this will impact your benefits. The quick answer is that you […]
Preparing for Retirement: How Healthcare Expenses Shape Your Decisions
With healthcare costs skyrocketing, you may wonder how to handle the additional strain on your budget. Increasing costs for medical care, prescription drugs, and preventative services may also greatly impact your financial security during your retirement years, particularly since the cost of healthcare can increase as you grow older. Making smart decisions with your retirement […]
Health Savings Accounts: What They Are and Why You Need One
A health savings account (HSA) can help you plan for and manage healthcare costs. It’s a beneficial tool for improving your finances now and in the future. HSAs can pay for qualified medical expenses while reducing your taxable income and contributing toward your retirement. What Is a Health Savings Account? An HSA is defined as […]
7 Tips to Help Your Teen Improve Their Financial Literacy
You worry about your teen in many ways. You worry about what they eat, what they wear, who their friends are, and how they do in school. But as they get older and become interested in getting a part-time job or deciding what career path to pursue post-high school, a new worry has likely entered […]
Money Management Strategies for Gig Workers
As a gig economy worker, you enjoy the freedom to choose your projects, your schedule, and even your work location. You may love the independence of working for yourself and the greater control over your work-life balance. However, freelancing and contract work require that you take the responsibility of planning your finances seriously. You not […]
The Impact of Inflation on Retirement Savings and How to Combat It
After decades of hard work, you deserve to relax a little. When you retire, you can spend your time doing whatever you like, from playing golf to joining a book club. To fully enjoy your retirement years, however, you need to save enough money to cover your bills and sustain your desired lifestyle. Unfortunately, inflation […]
Medicare 101: Tips for Choosing a Medicare Plan
Medicare is a health insurance program offered by the federal government. Part A pays for care received in hospitals, hospice centers and skilled nursing facilities (SNFs). Part B covers other medical services, such as doctor visits, home health care and preventive care. Durable medical equipment, such as infusion pumps, nebulizers and suction pumps, also falls […]
Traveling on a Retirement Budget
Retirement is the perfect time to explore the world, but budget constraints can make travel seem like an unattainable luxury for many retirees. The good news is that with careful planning and smart strategies, you can enjoy fulfilling travel experiences without draining your savings. Keep reading and we’ll show you how to see the world […]
Retirement Budgeting 101
Retirement is the time in life you work towards, and you deserve to sit back, relax and enjoy the fruits of your labor, pursue hobbies, travel, and spend quality time with loved ones. But, in order to make the most of your retirement years, you need a well-thought-out financial plan. Budgeting for retirement ensures that […]
