For Mark Roberts' Use: When it comes to retirement planning, a 401(k) provides an excellent opportunity to prepare for the future while also enjoying certain tax perks now. However, like any investment product, a 401(k) should be used wisely in order to gain the most benefit from it. As you continue to save and plan [...]
For Mark Roberts' Use: Retirement planning can be a complicated topic, and accurately predicting the future is not always possible. But when it comes to Social Security, it pays (literally) to weigh your options, time your claim accordingly, and consider certain other factors before claiming your benefits. Those “certain other factors” are often misunderstood. As [...]
For Mark Roberts' Use: With the death toll from the coronavirus outbreak now reaching nearly 3,000, public health officials are releasing a variety of warnings to help us prepare for the potential impact. But aside from washing your hands and eating a healthy diet to avoid infection, you might also be wondering about the financial [...]
As you plan for retirement, you might wonder, “Will I be able to live on my expected retirement income?” It’s a common question, and you’re right to consider it. None of us know exactly how long our retirement years will last, what unexpected expenses might pop up, and how inflation will fluctuate to impact our [...]
For Mark Roberts' Use: Social Security will provide an important part of retirement plans for just about everyone, and yet a recent poll uncovered a shocking truth. Among those age 50 and older, a surprising 91 percent did not know how the amount of a person’s Social Security benefit is determined! Social Security is a [...]
For Mark Roberts' Use: In response to concerns about the state of retirement planning in the US, President Trump signed the SECURE Act last month. The Setting Every Community Up for Retirement Enhancement Act aims to address the fact that one-quarter of Americans have no retirement savings whatsoever. Meanwhile, those who are saving for retirement [...]
For Mark Roberts' Use: Retirement planning advice abounds on the internet (and in personal talks with family and friends). Obviously, we caution you to consult with us first, before making any big decisions, so that we can help you separate fact from fiction. But two old pieces of advice circulate regularly, that are certainly worthwhile: [...]
For Mark Roberts' Use: Some people view the new year as the perfect time to make changes to their habits. Others eschew resolutions, saying you can change your life any time you decide to do so. Technically, that is true, but with regard to retirement planning January 1 actually marks an important date on the [...]
For Mark Roberts' Use: Throughout most of our lives, housing is often the biggest expense we face. That often changes in retirement, with healthcare becoming the most expensive monthly item in our budget. A 65-year-old couple retiring this year can expect to spend $285,000 on healthcare over the course of their retirement years. And yes, [...]
For Mark Roberts' Use: After working and paying taxes throughout your career, along with paying into Social Security for all of that time, it might surprise you to learn that your Social Security benefits can actually be taxed in retirement. Depending upon your provisional income, you might owe income taxes to Uncle Sam. Currently, a [...]