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Retirement Income Shouldn’t Depend On The Market, It Should Depend On Math

Market ups and downs can keep retirees on edge, worried about potentially big losses from which they may never be able to recover. And those worries aren’t necessarily misguided. From 1928 through March 2022, there have been 26 bear markets. A bear market is a market decline greater than 20% that lasts at least two …

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Should You Consider A Roth Conversion While The Market Is Down?

While the market may not be a fun time for investors, there are some bright spots and opportunities to be had. Stock market drops like we’ve seen recently might make a Roth IRA conversion more appealing as a strategy for investors. Should you consider converting a traditional IRA to a Roth during a down market? …

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Switched Jobs? Consider Consolidating Your Retirement Savings

If you’ve changed jobs multiple times throughout your career, you’re not alone. According to the Bureau of Labor Statistics, baby boomers switched employers, on average, 11 times between ages 18 and 50. A new job might come with enticing perks, like raises, promotions, or a chance to grow your skills. If you were putting money …

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Rising Healthcare Costs And The Impact On Pre-retirees

Over the past year, Americans’ concern over inflation has steadily increased. A Gallup poll coordinated in March noted that 17% of Americans believe the high cost of living and inflation is a significant problem, up from 8% in January. For individuals who may be nearing retirement, there are planning considerations to be mindful of as …

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Social Security Strategies For Single People

Single, childless retirees who have never been married may have fewer strategies available for claiming Social Security benefits than spouses, widows, and divorcees, but no less incentive to help maximize their retirement income stream. Indeed, singles need not worry about how the timing of their Social Security benefits may impact a surviving spouse or minor …

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Ramp Up Your Retirement Savings With These Six Strategies

Are you planning to retire in the next few years? It’s still not too late to make a difference in how much you’ll have available for retirement. And because you’re likely at a high point in your earnings, you’re well-positioned to help yourself. Consider putting these six strategies to work: Catch-up contributions. In addition to …

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