Preparing for the future is one of the most important aspects of financial strategizing, and a lack of involvement often leaves women, in particular, potentially exposed to financial hardships later in life. Don’t expect a spouse, partner or other family member to help ensure financial security. Women investors face several challenges to helping build wealth and helping secure their financial futures, and should take an active role in their financial future, long-term goals, and financial … [Read more...] about Understanding Investment Challenges Women Face
Stanton
How Does an Inheritance Change Your Financial Picture?
According to the Center for Retirement Research, two-thirds of baby boomers can expect an inheritance. If you’re lucky enough to inherit money, you might wonder: how will an inheritance change my financial picture? For some, an inheritance could mean a drastic change in their finances. For others, inherited money might be a nice cushion against unexpected events. If you do receive an inheritance, here are some tips to make the most of your loved one’s hard work: Don’t blow it. Think … [Read more...] about How Does an Inheritance Change Your Financial Picture?
Now That the Children Are Gone, Should You Downsize Your Home?
It’s a question as old as retirement itself: Now that the children are gone, should you downsize your home? Maybe move to your favorite vacation spot to enjoy the sunshine and natural beauty? Or should you stay put, relaxing in familiar surroundings and a community you know well? Today’s retirees enjoy more freedom than ever to choose where and how they live. Many retirees choose to downsize or move to be closer to family and to reduce housing costs. As with most important personal and … [Read more...] about Now That the Children Are Gone, Should You Downsize Your Home?
Social Security Changes And Your Retirement Picture
On Nov. 2, President Obama signed into law a budget deal that affects certain Social Security claiming strategies. The changes mainly affected two strategies that helped retirees increase their lifetime benefits: File-and-suspend: A strategy in which one spouse (typically, the higher earner) files and suspends a claim for benefits to allow delayed retirement credits to accrue while enabling the other spouse or a dependent to claim benefits on the higher earner’s … [Read more...] about Social Security Changes And Your Retirement Picture
