How Much Will Healthcare Cost in Retirement?
When saving for retirement, we often dream about all the things we’ll be able to do with that money—traveling, going out to eat, maybe trying new hobbies. But the reality is that there are also everyday household expenses that you should account for in your post-retirement budget. Less fun …
Why Health Care Could Make or Break Your Retirement Plan
Most people think about retirement as a finish line and do not see it as their next big adventure. It’s the chapter where you have the freedom to do what you want, on your time, whether that’s traveling, starting a passion project, or spending more time with family. You can have your invest …
Which Medicare Plan Is Best for You?
Choosing the right Medicare plan is one of the most important decisions seniors face. It’s also one of the most difficult. The healthcare system isn’t user-friendly to begin with. Stack all the Medicare options on top of that, and you’ve got yourself a challenge. That’s why it’s a good id …
Maximizing Medicare: A Strategic Approach to Healthcare in Retirement
Have you thought about how much your healthcare will cost in retirement? Many people underestimate what they’ll need, and that can be an unwelcome reality check once you’re in retirement. According to recent findings, a 65-year-old individual retiring in 2025 will most likely spend an avera …
Your Most Common Social Security Questions Answered
Chances are we’ve all felt a bit like Rachel on the hit show “Friends” when she looked at her first paycheck in bewilderment and said, “Who’s FICA? And why’s he taking all my money?”
Understanding Social Security for Couples – Paint Your Future with Purpose and JOY
Social Security planning is more of an artwork than a science. But like most great masterpieces, it begins with a clear vision of what you want the final canvas to look like. When it comes to retirement, Social Security is one of the boldest brushstrokes on the canvas. And for couples, coor …
Social Security Taxation Worksheet
Did you know that your Social Security benefits can be taxed? That’s right, as much as 85% of your Social Security benefits—money that you put away over your entire career—could be subject to taxation when you receive the benefits in retirement. This worksheet helps you figure out if …
Claiming Social Security Benefits Early
In many cases, our parents, grandparents, and great grandparents started collecting their Social Security benefits as late in life as possible. Their generations believed it was a great way to maximize their benefits. As younger generations, we have spent our entire lives listening to their …
Tax Planning in Retirement: Strategies to Help Minimize Taxes When You Retire
The transition from employment to retirement can be complex. For decades, employees and business owners received either a regular paycheck or earnings from self-employment. Suddenly, that will slow or stop. Not only will cash inflow stop, but you will also be taking money out of all these a …
The Hidden Fear Behind Budgeting for Retirement
“Will I Have to Give Up Everything I enJOY?”
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Medicare and Managing Health Care Costs in Retirement
Health care costs in retirement aren't going anywhere. Naturally, as our bodies get older, it costs more to keep them running. Let's look at the parts of this vital program and how it plays a part in your financial plan.
