The length of your life is going to be a big factor to consider when you are planning ahead with your elder years in mind. While no one has a clear view into the future you can examine longevity statistics to get some general ideas about the averages and go from there. According to the 2010 United States Census Bureau's compiled statistics the segment of the population that geriatric experts refer to as the "oldest old" (people who are 85 years of age and older) is growing more rapidly than any … [Read more...] about Longevity Statistics Can Help You Plan Ahead
Deciding to go into business for yourself is a very big step, and success takes a lot of careful and informed planning. At the same time, once your business is on firm footing you have to ask yourself how you will be exiting the business, and this too is something that takes some intelligent planning. You may love what you do and have no intention of retiring. Some people feel this way, and if you are one of them you will be more concerned about how you're going to be passing along the … [Read more...] about Obtain Succession Planning Advice
If you were a runner who was in training you would have certain goals with regard to the times you are able to achieve. When you know how fast you want to run a particular distance you have to check your watch along the way to see if you are on pace. The same thing is true when you are planning ahead for the future on a financial level. As you traverse your career path you need to know exactly where you stand at each mile marker as it were so that you can verify the fact that you are indeed on … [Read more...] about Effective Financial Planning Includes Net Worth Statement
If you are serious about your future you would do well to discuss it with a licensed and experienced retirement planning attorney. Social Security in and of itself is anything but a retirement plan. The income that you will receive is going to be modest even if you paid into the program at a high rate throughout the course of your life. The above being stated you do have to thoroughly understand what to expect from Social Security to be able to plan your retirement effectively. The first … [Read more...] about Social Security Application: When & How
We all know that you have to save money if you want to make some type of very significant financial move such as buying a home or a second home. You have a goal in mind, you gain an understanding of what it will take to reach that goal, and you exercise the financial discipline that it takes to reach your objective over time. Unfortunately far too many people don't view retirement in the same light. Perhaps this is because they expect too much from Social Security, and indeed the majority of … [Read more...] about How Does One “Stretch” an Individual Retirement Account
Some people say it's not the destination but the journey. This may be rather poetic on a particular level, but it is certainly not a good approach for those who want to be able to enjoy their retirement years to the fullest. If you were in fact going on a journey you would make preparations in advance so that you didn't get lost along the way or find yourself with inadequate resources. The destination that lies in wait for you is retirement, and you can either plan ahead intelligently or let … [Read more...] about Where Are You Going & What Is the Route?
Former military service members who have served for at least 20 years earn a pension that can help pave the way to a comfortable retirement. There are other less publicized benefits to tap into as well, such as the Veterans Aid & Attendance special pension. You would do well to gain a full understanding of everything that is available to you as you are making plans for the future. Effective veterans benefits planning is something that requires expert advice. It can be difficult to gain a … [Read more...] about Will Spouse of Deceased Retired Veteran Receive Pension?
There are countless things to take into consideration when you are preparing for the eventualities of aging. Since you are covering new ground as you reach different stages of life there is no reason why you would have any understanding of how to proceed. This is why it is a good idea to engage the services of a good retirement planning attorney when you get serious about long-term financial planning. Depending on your unique circumstances various different courses of action may be optimal. … [Read more...] about Statistics Show Fewer Committed Senior Couples Getting Married
The idea of working when you have declared yourself retired can seem like a burden. However, you may be able to continue to bring in some significant income without setting your alarm clock and waiting in rush-hour traffic every morning so that you can be chained to a desk for eight hours or so. Retirement planning can involve laying the groundwork for a home business that you can manage at your leisure when you put your working years behind you. Under Social Security regulations you can earn … [Read more...] about Seniors Can Benefit From Freelancing
Living in the state of New Jersey has many advantages as we all know. However, we are subject to some rather hefty taxation and this is something to keep in mind when you are engaged in your retirement planning efforts. If you are living on a fixed income during retirement it can be challenging to be able to keep up with property tax increases. So when you are making your calculations you should definitely keep the possibility of ever rising taxes in mind. There can be a tax lien placed on … [Read more...] about Property Taxes: Stay Current to Avoid Tax Liens