Turning 65 means you’re now eligible to receive Medicare benefits. But sorting through the Medicare alphabet can be challenging. How do you get started and what do you need to know before you enroll?
ETF Global Daily Perspectives
Is your garage overflowing with bank statements and paid bills from ten years ago? Are you unsure about what documents need to be retained and what can be tossed? Speaking of tossing, what documents can be tossed in the trash, and which should be shredded? Are you wanting to finally get control of your documents?
You’re on the verge of completing your paperwork when the dealer hits you with one more option: an extended warranty. While the thought of never having to pay for auto repairs as long as you own your car is definitely appealing, there’s a lot that auto dealers are not telling you when it comes to extended warranties.
Widows are one of the fastest growing demographic groups in the United States, with 11 million women and growing. The death of a spouse is one of the hardest things a person can go through. Along with all the emotional struggles of losing a spouse, many times it also brings major financial changes.
When approaching retirement, getting your finances organized is one of the first steps you should take.
By: Kathy Longo, CFP®, CAP®, CDFA
Getting a clear financial picture can help ease the transition into retirement because, at the very least, you’ll know what accounts you will be drawing from, where they are being managed, how your investments can continue to generate income for you, and what tax liabilities they may impose. It requires discipline and clarity to keep your finances organized before and during retirement.
If you are like most of your contemporaries, you have held two or three or more positions at different companies over the course of your career. As a result, you likely have several 401(k) accounts to consider as well as a SEP, Simple IRA, 403(b) account, deferred compensation plan and/or a pension. It’s important to make a list of your accounts and, if you are married, a separate list for each spouse. It also helps to make an additional list with any non-taxable accounts like a Roth IRA or Designated Roth.
There is only one person that your financial planning process should be focused on: yourself. The plan that guides you toward, and through, retirement should be built for you buy a financial advisor that understands your needs.
By Caty Hill