Archive for January 2019

Life Cycle Financial Planning

How do you judge how well your investment plan is doing? Do you compare its annual performance to similar benchmarks? Do you have a specific target you want to reach before retirement? Or, are you more concerned with how your overall financial strategy will provide for your daily, monthly and annual expenses throughout retirement? Some…

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Social Security Updates

Good news for retirees: Social Security benefits are scheduled to increase 2.8 percent in 2019, the biggest bump since the 3.6 percent increase in 2012. The average beneficiary – who received about $1,405 a month in 2018 – can expect to see just over $39 more each month, or about $468 more over the course…

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Health Care Costs a Top Concern in Retirement

Living to a ripe old age brings with it many milestones and memories. Unfortunately, it also can come with significant medical expenses. The longer we live, the more likely we are to incur them. A recent survey of affluent, older adults conducted by the Nationwide Retirement Institute revealed 64 percent are “terrified” that significant health…

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Thinking About Downsizing?

Thinking About Downsizing

When companies face a rough period, they often look to either increase revenues or trim expenses, including reducing overhead costs. You can do the same thing for your personal budget, where reducing expenses can give you the opportunity to increase your savings rate. Though this sometimes can seem easier said than done. Costs have a…

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