Your Retirement Plan - the Basics in Running the Numbers

When it comes time to figure out if you are prepared to take the plunge into retirement, the best way to test your preparedness is to run a retirement “numbers” analysis. Put simply this means calculating if your expected income during retirement can meet your expense needs through your lifetime. The problem lies in figuring out what numbers to use in your run so it is helpful in determining if you can afford to retire....

Risk Tolerance vs. Risk Capacity – the Very Important Difference

Given the way the year has started, there are many out there wondering what, if anything, they should be doing with their investments. Should they be selling and parking proceeds in cash? Should they be buying because everything is much cheaper than it was 2 months ago? Should they be doing nothing at all?...

The Distribution Years – 3 Financial Planning Steps to Living Successfully in Retirement

The day has finally arrived: you’re ready to pack up the office and say goodbye to the daily grind for good. So long to long commutes, office politics and the demanding boss. Welcome to the world of retirement. Here are some practical steps to take to as you begin the distribution phase....

Social Security Basics

The average retired worker received $1,340 in the most recently reported month, according to the SSA. Those amounts won't rise markedly when January's results come out, because unlike in most years, there won't be a cost-of-living adjustment upward in benefits for Social Security in 2016....