The same excuses generations of people have used may be the same ones you are using today. What are your excuses?
Want to retire in good financial shape? Here are some tried-and-true tips from local experts Kathy Rogers and Janera Harvey.
Like all scary stories, mine opens peacefully. You and your spouse are enjoying your retirement. Your health is good, and you are doing all the things you dreamed of together. Then, suddenly and tragically, you lose your spouse. As you struggle to deal with your grief, the next trauma comes. You discover that the documents you signed several years ago when your spouse retired don’t have a loophole, and in addition to losing your spouse, you’ve also lost a substantial portion of your income.
One of the few things people know about Social Security is that they’re required to pay a portion of their earnings into the government social insurance program in hopes of receiving a monthly income upon their retirement. An annuity, when properly designed, also can provide guaranteed income in retirement and reduce the risk of outliving your savings.
Like all things, annuities have positive and negative aspects. Here are some common myths about annuities, along with the facts.
Having an honest conversation about finances with your future spouse can save you lots of anxiety and arguments in the future. Just like planning for a romantic date night, I encourage you to plan the environment for your financial discussion. Here are a few financial topics I suggest you discuss before saying “I do”.
Unfortunately, divorce is on the rise among all age categories. If you find yourself in a situation where divorce looks inevitable, or you already are in the process of divorce, here are a few financial tips you should keep in mind.