RETIREMENT EDUCATION BLOG

It’s time to build your ark…

“Predicting rain doesn’t count. Building arks does.” – Warren Buffett When the floods come, that’s not the time to start planning how to build your ark. The same is true of your investments.The markets ebb and flow between ups and downs, but you can always count that they will change. Knowing that the rain will… View Article

Live Your Best Life – Living a healthy lifestyle in retirement

The thought of retirement could bring any number of images to your mind. Have you always wanted to visit far off cities or countries? Are there friends and family you will now have the availability to see and enjoy quality time with? What about a hobby that you can commit your time and savings toward?… View Article

Transitioning from wealth accumulation to distribution

Retirement should be a chance for you to do and see special things that there may not have been time or money for during your working years. Now might be the time for things to change. Regardless of what you have built up over the years, retirement will have you taking out of those savings… View Article

You Gotta Know When to Hold ‘Em…When to Fold ‘Em…

Have you ever seen Rain Man? Dustin Hoffman’s character, Raymond, has savant syndrome, which gives him an incredible memory. His brother Charlie (Tom Cruise) exploits this skill by having him count cards in Vegas to secure a win. While using your brother to count cards isn’t close to ethical, some of us probably wish we… View Article

How Could Retirement Impact Your Income and Expenses?

Spring is a period of change and transition. And while that language is usually directed at nature or social activities, the same idea can be used for those who are preparing their financial future for the significant differences regarding income and expenses when comparing the working life of several decades to a life of enjoying… View Article

What to Consider When Entering into Retirement

This time of year brings about calls for spring cleaning, but those who stay on top of things throughout the year need only to tidy things up a bit. The same can be said for your finances as you prepare for or enter into retirement.  Make a ‘To-Do’ List Having a plan can make large,… View Article

RMD Updates for 2024 – Stay Up to Date on Required Minimum Distributions

As we’ve noted in previous emails, laws and limits affecting all areas of financial planning tend to change with each passing year. One item that is always in flux is your required minimum distribution (RMD) out of retirement accounts. If you’re just now hearing about RMDs, they constitute the minimum amount you must withdraw from… View Article

Contributions and Limits for 2024 – Be Smart About Your Savings

For a second consecutive year, there are some changes to upcoming taxes that could affect your retirement saving strategies. Most notable is another increase to the annual amount that can be infused into IRA and 401(k) accounts. For IRAs, the contribution limit is now $7,000 (up from $6,500 last year) for those under age 50… View Article