Previously on the blog, we talked about some of the ways that you can have unexpected expenses come up during retirement that can put a financial strain on your ability to stay comfortably retired. There are things you can’t always plan for and things that can be difficult to manage. However, with proper retirement planning, there are ways to mitigate risk to yourself and your retirement finance…Read More
Previously on the blog, we discussed how inflation and cost of living changes can affect how far your money can stretch during retirement. We also noted how continuing to make smart investments after you retire can help combat the effect that inflation has on your money. There are also other reasons that it is important to invest after you retire. Retirement planning involves looking at the big pi…Read More
Often times, when you think about retirement planning and your retirement years, you don’t typically think about needing to continue to invest. In fact, you think about how your financial needs and goals reverse from where they were previously. You used to focus on growing your savings and investing heavily while you’re working. Once you retire, you would think that you could ease up on the in…Read More
Whenever you look forward to retirement, you may simply see the light at the end of the tunnel for yourself: the day you get to stop having to work. Perhaps you even imagine evenings on the porch with your significant other. But typically, retirement looks like an individual success. Retirement planning can often seem this way as well. When you plan for retirement, you plan for all your potential …Read More
We all pay Social Security taxes when we work for an employer. This money goes into a big pot that individuals, such as those who are disabled and those who are retired, can draw upon to receive money with which to augment their living expenses. There is an expectation, these days, that when you pay into Social Security, you are immediately entitled to the money upon your retirement. You paid into…Read More
Hitting retirement age is a bit like when you went off to college. All of a sudden you life has changed drastically, and you’re responsible for new and different financial decisions. But once you hit retirement age, you may feel a sense of freedom. You no longer have the stress and obligations of work, and you have a lot of money you’ve put aside from proper retirement planning. However, while…Read More
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