Retirement

Can you benefit from a Health Savings Account?

Posted by on Sep 24, 2019

Can you benefit from a Health Savings Account? Health Savings Accounts (HSA) are designed for a triple tax benefit.         1. Contributions are tax deductible         2. Accounts can grow tax free. (You can accumulate dollars in this account.)         3. Disbursements for qualified medical expenses are tax free. Health Savings Accounts are growing in popularity. The total number of HSAs grew to 25 million in 2018, up 13% from 2017 according to Devenir Research. Many financial advisors are using them as another savvy strategy for stashing money away for your retirement years. To qualify for...

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How to Thrive in an Empty Nest

Posted by on Sep 11, 2019

How to Thrive in an Empty Nest Parents are returning home from dropping their child off at college. It’s a bittersweet experience. Parents are filled with pride, and excitement, as well as sadness. Some parents feel like they have lost their job and are wondering, what now? As a parent you have a new chapter unfolding in your life. Recognize and accept the feelings of grief. This is another step in letting go of your child. This can feel like a loss. Be open in communicating your feelings with your spouse. This is a season where both parents and children are finding new roles. Much planning...

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Should I Pay Off My Mortgage Now?

Posted by on Aug 13, 2019

To Pay or Not to Pay – that is a dilemma facing many Baby Boomers today. As retirement is approaching, do you pay off the mortgage or not? You are 3, 5, 10 years away from retirement. And you have 5, 10, 15 years left on your mortgage. Do you pay the mortgage off early? If so, which bucket of money do you use? In interest of full disclosure, this financial advisor prefers retirees to be debt free at retirement.  Less cash flow is required for monthly expenses which is less strain on investments. In a market downturn, retirees sleep better in a debt free home. However, being mortgage free may...

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How Much Life Insurance do You Need

Posted by on Aug 6, 2019

It is an important questions when considering life insurance: “How Much Life Insurance do I need?”  Watch the video and get help to see how life insurance needs today may be different tomorrow. This video is by Ohio National Financial Services.

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How Will You Practice Your “ART” in Retirement?

Posted by on Jun 25, 2019

How Will You Practice Your “ART” in Retirement? A hammock on the beach. Your favorite chair in the living room. Waking up when you feel like it. A blank calendar. Doing what you want when you want. Doing nothing if that’s how you feel that day. After a lifetime of working 40 hours every week, this scenario sure sounds appealing to many soon-to-be retirees. But the surprising reality is that a life of unstructured leisure can create stress, strain spousal relationships, and lead to feelings of uselessness and depression. When today’s successful retirees stop working, they learn the “ART” of...

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Practical Tips for Family Caregiving, part 2

Posted by on Apr 9, 2019

Practical Tips for Family Caregiving, part 2 Are you currently a caregiver? Do you know somebody who is? Caregiving can be an all consuming responsibility – especially if your loved one is battling with dementia. Be careful not to let your ‘new job’ get you isolated. It is important for your loved one that you take care of yourself in this journey of caregiving. You don’t know if you will be needed for a few months or a few years. Take care of yourself from the beginning. Click here for the resources to support groups for caregivers from Part One of Practical Tips for Family Caregiving. Tip...

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