Planning

Learn how to set a financial goal that will set you up for a stress-free retirement

Major US Cities Retirees Are Fleeing to Keep a Low Cost of Living

Retirees often find themselves strapped for cash, so strapped that they might refinance their car loans, get a second or reverse mortgage on their homes, or take other steps to try and stay afloat. What many of these retirees don’t realize, however, is that, while these measures can be very helpful, where they’re living might …

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How to Make Your Money Go Further in Retirement

In 2019, enjoy a secure and comfortable retirement is far from a given. Whilst a recent poll of Canadians revealed that most people think they’ll need around $756,000 saved to enjoy a comfortable retirement, the fact remains that a shocking 32% of Canadians are nearing retirement without any savings whatsoever. If you’re one of the …

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The Top 5 US Cities to Retire to

Your retirement years should be years filled with family gatherings, pleasant community events, and tons of freedom. Practically speaking, they also need to concern themselves with good healthcare options, reasonably-priced housing, and good access to senior services. The five cities on this list offer these amenities and more. Each has a little something different to …

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self employed ira vs 401k

Solo 401k vs SEP IRA – what you should choose if are self-employed?

As a self-employed person, you have more control over your retirement plan. One reason is because you get to choose your retirement plan. There are two plans that self-employed people commonly choose between:  The solo 401k retirement plan; and The Simplified Employee Pension (“SEP”) IRA  In this article, we’ll talk about the features of each plan. …

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annuity with long term care rider

What is a long term care annuity and should you get one?

Saving for retirement requires careful planning and commitment. And the earlier you start working towards making and saving money for retirement, the better. I mean, the last thing you want is to find that you don’t have enough savings to retire on. But with the cost of living constantly rising and the fact that now …

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What happens to your 401k when you die? All about 401k inheritance

If you have a 401k retirement plan, there is the assurance that when you die, your loved ones will be taken care of financially. However, you need to make sure that the beneficiaries of your 401k plan can be able to access the money without any hassle. And this requires knowing how inherited 401k plans …

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Are You Leaving Your Beneficiaries a Tax Time Bomb?

The following is a guest post from Brett Sause, an 18-year veteran of the financial services profession. Brett is CEO of the Atlantic Financial Group, LLC;  and has been awarded both the National Quality Award and the National Sales Achievement Award from NAIFA. When it comes to retirement – and to passing on whatever wealth you’ve accumulated to a …

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