Keep this ten-year retirement planning checklist on hand as you navigate saving, investing and other retirement decisions. When you purchase through links on our site, we may earn an affiliate commission. Here’s how it works. Are you ready to retire? Have you even started a retirement planning checklist? By 2030, one out of five Americans … Read more
A 401(k) is worth it for most people, but are you one of them? There are seven pros and four cons to consider. When you purchase through links on our site, we may earn an affiliate commission. Here’s how it works. Is a 401(k) worth it for most Americans? 401(k)s are now the go-to retirement … Read more
Yes, Married Couples Can Both Receive Social Security Benefits! If you’re approaching retirement age and wondering about Social Security benefits for you and your spouse I’ve got good news for you. The simple answer is YES – both spouses in a marriage can absolutely receive Social Security benefits simultaneously. But there’s a lot more to … Read more
Understanding the Tax Implications of Your LGPS Retirement Benefits So you’ve been diligently contributing to your Local Government Pension Scheme (LGPS) for years, and now you’re wondering about the tax situation when it’s time to cash in on those hard-earned benefits I totally get it – nobody likes surprises when it comes to taxes, especially … Read more
The National Pension System or NPS allows you to plan for a tension-free post-retirement life after the age of 60. Anyone can opt for this scheme and make a normal exit by utilising at least 40% of their corpus to purchase an annuity plan. The remaining 60% can be withdrawn as a lump sum. In … Read more
Passing on any money left in your pension pot can be a good way to help your children, but its important to understand exactly how the system works Are you wondering if you can leave your hard-earned pension to your daughter? I’ve been researching this question extensively, and the good news is – yes, in … Read more
As the saying goes, “you can’t take it with you.” So, if transferring wealth is part of your estate planning goals, consider three places your assets can end up after your death: Let’s be real—nobody wants to see a huge chunk of their hard-earned money go to taxes when they’re trying to pass it on … Read more
Insurance agents and financial advisors have been investing their clients’ retirement money in annuities for decades. This practice has its detractors, with the criticism usually focusing on the high commissions paid to annuity salespeople and stiff fees charged to annuity owners year after year. In fact, if you compare the costs of an annuity to … Read more
Are you considering setting up a trust as part of your estate planning? While trusts offer many benefits for asset protection and wealth management, they also come with some significant drawbacks that deserve careful consideration. I’ve helped many clients navigate these waters, and I always make sure they understand both sides of the coin before … Read more
The ideal monthly retirement income for a couple differs for everyone. It depends on your personal preferences, past accomplishments, and retirement plans. Some valuable perspective can be found in the 2022 US Census Bureau’s median income for couples 65 and over: $76,490 annually or about $6,374 monthly. Would you and your partner enjoy a high-quality … Read more
