In the News

 

20Jul 2018

Many retirement planners find that utilizing annuities may be a good way to generate guaranteed income. Annuities allow you to set retirement distributions based on their type and how much you contributed. Like all investment and insurance products, annuities are subject to fees and expenses. Generally, you will have to pay fees on distributions. Using […]

20Jul 2018

How do you talk to your adult children about your financial plans and future health-care needs? Both you and your children may view this type of discussion as uncomfortable, awkward, or even confusing. It can be difficult, but putting it off only makes matters more complicated later. Having these types of financial and end-of-life discussions, […]

12Jul 2018

Before you retired, you may have spent time developing strategies to help you reach your retirement goals. You might have invested for the income you would need, minimized your debt, or protected yourself with long-term-care insurance. By focusing on your financial goals and envisioning the lifestyle you wanted for that next stage in life, you […]

12Jul 2018

Preparing for the future is one of the most important aspects of financial strategizing, and a lack of involvement often leaves women, in particular, potentially exposed to financial hardships later in life. Don’t expect a spouse, partner, or other family member to help ensure financial security. Women investors face several challenges to helping build wealth […]

10Jul 2018

Paying for health care in retirement is not an easy task. Despite rising costs and increasingly complex coverage requirements, you can take steps today to help ensure you’re not struggling tomorrow. As you explore your own retirement planning and health-care expenses, here are some facts to keep in mind: Fact 1: We Are Living Longer […]

05Jul 2018

Beneficiary designations are a powerful tool for estate planning. Adding beneficiaries to your accounts gives you the opportunity to directly distribute assets after your death and helps your family avoid the expense and stress of probate.  Here are a couple of reasons why checking your beneficiary designations regularly is so important: A beneficiary designation always […]

02Jul 2018

The Internal Revenue Service has made inflation adjustments for 2018 to accommodate changes in the tax code for the Tax Cuts and Jobs Act. The changes will apply to 2018 returns filed in 2019. The top items for 2018 returns include: The standard deduction for married couples filing jointly increases to $24,000. The deduction for […]

02Jul 2018

Maintain Your Standard of Living in Retirement Saving for retirement to sustain your standard of living is a continual effort to prevent your quality of life from declining in later years. Unfortunately, for many retirees, this goal can be difficult to achieve. Even with planning, 52% of working-age households may not be able to sustain […]

28Jun 2018

You and more than half the world love to use social media. The Internal Revenue Service is no different. The IRS uses YouTube, Twitter, Facebook, and Tumblr. YouTube: The agency publishes short information videos on tax topics. Twitter: The agency tweets tax announcements, news releases for tax professionals, and hiring notices. Facebook: The agency’s pages […]

25Jun 2018

Divorcing later in life is becoming more commonplace among people 50 and over. Divorce among older couples has more than doubled since the 1990s. In 2015, 10 of 1,000 married people filed for divorce. Five of 1,000 married filed for divorce in 1990. The divorce rate for people 65 and older has tripled since 1990.[i] […]

22Jun 2018

Saving for retirement to sustain your standard of living is a continual effort to prevent your quality of life from declining in later years. Unfortunately, for many retirees, this goal can be difficult to achieve. Even with planning, 52% of working-age households may not be able to sustain their lifestyles in retirement.[i] You can take […]

21Jun 2018

As retirement approaches, many couples start thinking about moving. Nearly two-thirds say they plan to move or will move when they retire.[i] Retirees consider moving for several reasons, including the financial benefits (smaller house) and to be closer to family (grandchildren, in particular). However, moving can get expensive and complicated. Here are some tips to […]