"The Street" Articles

When you pass away, the fate of your retirement accounts like a 401(k) or Roth IRA depends on the beneficiaries you designate. This is why matters of your estate hold a place in our Retire With Purpose planning framework.

If you’ve ever wondered whether or not annuities could hold a viable place in your portfolio, it’s important to first understand what they are and are not.

You likely share the same or similar values with your partner on many aspects in life, so how can you leverage these to build your financial future together?

If you continually experience the fear of running out of money (FORO), it can create a significant impact on your lifestyle during retirement.

Health care expenses might be one of your top retirement concerns, and with good reason. Fidelity recently claimed that a 65-year-old couple retiring today will need an average of $315,000 for medical costs. However, evidence and logic suggest this likely won’t be your reality.

The confident, comfortable retirement you deserve includes having a plan for the unexpected.

While the system isn’t disappearing, a revision needs to be implemented before Social Security’s estimated 2035 insolvency, at which point 80 percent of benefits can be paid out. Simply put, that makes this a 20 percent problem – not an all-or-nothing issue.

What’s one way you can help care for loved ones when you’re no longer around? Eliminate uncertainty around your estate, possessions and end-of-life care with a thoroughly-crafted estate plan.

According to the Social Security administration, about 56 percent of individuals will owe federal taxes on their benefits, and determining if that includes you, as well as how much you could owe, draws down to pinpointing your provisional income.

The reality is, unexpected events will happen; however, preparing for them as much as possible ahead of time is where true financial confidence lies.

While you might expect the universal retirement fear to be running out of money, it goes beyond dollars to declining health; specifically, an Alzheimer’s diagnosis.

In case you missed it, the U.S. House of Representatives recently passed a new retirement security bill (SECURE Act 2.0), which is a revamp of the 2019 SECURE Act that overhauled various retirement tax rules.