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Retirement Planning

5 Risk Factors That Can Affect Your Retirement Income

You’ve saved your entire working life in an effort to afford the retirement you want. Whether you are on the cusp of retirement, or you have years to go, understanding five risk factors that can affect your retirement income is essential.

Retirement Income Plan: What Are You Saving For in Retirement?

In the past, we have written blog posts on when you should start planning for retirement, how much money you will need in retirement, ways to gauge your saving for retirement, and creating a plan to manage your income in retirement. But have you ever taken the time to figure out, “What Are You Saving for in Retirement?”

When Should I Start Planning For Retirement

When you’re in your 20s, 30s, or even your 40s, retirement seems so far away. Planning for it may not be at the top of your “To-Do” list. But when should you start planning for retirement? Now is the best time! It’s never too early to start planning for retirement, and the earlier you start, the easier it may be.

Create a Plan to Manage Income in Retirement

The shift from saving for retirement to taking income in retirement can be a tricky proposition. You may feel comfortable enough to retire when your retirement savings reaches a certain level. However, that may not be the right focus. Instead, perhaps you should be asking, “Will I have enough reliable income to retire?” Consider taking these steps to create a plan to manage your income in retirement.

Ways to Cope with a Significant Market Downturn

On March 12, 2020, the S&P 500 entered a bear market for the first time in 11 years. And this bear market could go down as one of the most severe in history given how quickly it occurred after reaching a new high in mid-February. But this is not the first bear market we have experienced, nor will it be the last.