The National Association of Government Defined Contribution Administrators, Inc. (NAGDCA), recently released a new report that included a bevy of statistics that should strike a healthy dose of fear in those that have put retirement planning on the back burner. In the group’s estimation, “The unfortunate state of Americans’ financial preparedness for retirement is well-documented, and may be summed in two words: NOT READY.” (Quoted directly from their report’s opening sentence)...

An FYI regarding 2016 Medicare premiums for our retirees out there. The article below explains why some 30% of Medicare participants will most likely be in for a big increase in monthly premiums next year (a whopping 52% at the highest potential). Those affected will include: 1) people new to Medicare, 2) high income participants and 3) those that do not have their Medicare premium automatically deducted from their Social Security benefits...

Last Friday, Social Security celebrated its 80th birthday. The Social Security Act of 1935 was signed into law by president Franklin D. Roosevelt during the country’s Great Depression, when many of its citizens had suffered great financial losses and had very little left for retirement...

One of the first questions I always ask potential clients looking for financial planning advice is, “Do you keep a budget?” The reason being that your budget is a big part of the foundation of your financial plan, whether you are just starting out or in retirement...