Category Archives: Retirement

What Should I Do With My 403(b) Once I Retire?

If you have an employer-sponsored retirement plan, like a 403(b), leaving your job means you’ll need to decide what to do with your account.  When retiring, you have three main options: You can retain your old 403(b) if the plan

I’m Getting Divorced This Year at 55 With $800k in a 401(k). How Do I Protect My Finances?

Like all family and property law, divorce is a highly state-specific process. How you will handle a divorce and protect your assets, and what constitutes individual vs. shared assets, will depend entirely on your jurisdiction. As a result, how retirement

8 Proven Investment Options to Safeguard and Grow Your Retirement Money

The current inflation issues, rising interest rates, and geopolitical volatility have a significant impact on the global economy. It’s prudent to refine your options for investments plans, safeguard your money and ensure financial freedom for retirement. Your retirement investmen

Do You Need Credit Even After You Retire?

After decades of work, you may be ready to put your credit profile to rest. Who needs credit after they retire? You do—you need credit even after you retire. There are multiple reasons, and we will discuss them right here.

I Have $845k in a Traditional IRA. How Can I Reduce Taxes When Converting to a Roth? 

There’s no way to entirely avoid paying income taxes when you convert a traditional IRA into a Roth account. However, with smart financial planning you can reduce the impact of those taxes. A financial advisor can help you roll over

The Retirement Labyrinth: Navigating Challenges for Gen X and Y

For many, the road to retirement is paved with uncertainties. This is particularly true for Generations X and Y. Caught between the Boomer behemoth and the enigmatic Zoomers — these generations face unique challenges. In contrast to their predecessors who

We’re 65, Have $120k Left on Our Mortgage and an IRA Worth $650k. Should We Pay Off the Mortgage?

Should you prioritize debt or savings? This is one of the most common questions in household finance, and it comes up particularly in the field of retirement savings. For this example, let’s say you have a $650,000 IRA and a

Financial Planning and Investment Strategies for Women to Redefine Retirement

Gone are the days when hitting the age of 65 means it’s the end of a woman’s career. Life expectancy in the U.S. is in the late 70s — with studies showing that women can expect to live nearly six

Retire Abroad: Navigating the Financial Landscape

Are you dreaming of retiring to a villa in Italy or a beach house in Costa Rica? It’s an exciting idea, especially when there’s a lower cost of living — but there’s a less glamorous side to consider: taxes. Yes,

I’m 67 With $2 Million in an IRA. How Do I Make Sure This Money Lasts the Rest of My Life?

If you had $2 million saved in an individual retirement account (IRA) by age 67, could you make it last the rest of your life? With some wise planning and investing, stretching a $2 million nest egg over several decades