If you dream of retiring early, it’s definitely possible – though not without plenty of advance planning and saving. One roadblock you’ll have to plan for is that you won’t have access to Medicare until you hit full retirement age, which is 65 for most people. So, what should you do until then? When I […]
Continuing Care Retirement Communities – What You Should Know
As your parents age, you will probably start discussing plans for their care later in life. Some people might want or need to move to an assisted care facility or senior living community, others might want to stay in their home for as long as possible. Whether you’re planning for your parents or yourself, it’s […]
Social Security: When to Take Benefits if One Spouse Earns More
I wrote recently about the benefits of waiting until age 70 to file for social security benefits. But this isn’t the best option for everyone. It’s common for one spouse to make more money, even significantly more, than the other spouse. If this is your own situation, here is what I often recommend for couples […]
Accumulation Phase: Plan Your Retirement Allocations
Your accumulation phase is the time in your life when you’re working, saving and preparing for retirement. It comes before the distribution phase, which is when you begin accessing the funds you set aside for retirement. Your portfolio should be fluid, adjusting for each phase of your life. This article will give you a general […]
Why You Should Delay Taking Social Security
It’s finally here, that big retirement age that you’ve been working toward. Is now the right time to collect Social Security? Not necessarily. There are some benefits to holding out on collecting Social Security a bit longer. Here are three reasons to consider collecting down the road: Delay Taking Social Security for an Increase in […]
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