planning – Page 3 – Retirement Evolutions | Retirement Planners and Financial Advisors Tuscon, AZ

Four Areas of Retirement Where Professional Advice Can Be A Difference Maker

Many things can be done on your own for retirement planning, but there are areas where having a trusted financial professional can be a great benefit. Today Jon and Karyn go over four specific areas such as Social Security optimization, tax diversification, and others, where professional help can help maximize your ability to be sure the income is there for your post-working years.

Retirement Reality Check

The fantasy of what retirement will look like and the reality are sometimes very different. How much you have saved versus how long you can live a particular lifestyle can sometimes fall into the category labeled “unrealistic”. Though not for lack of trying, many retirees find that the life that they had in mind for retirement does not match up perfectly with their budget based on their retirement income sources. As a result of this disparity, many still working Baby Boomers plan to continue working past the age of 65 or don’t see themselves retiring at all. A third of boomers plan to still earn a steady income during their retirement. The fact is, a majority of boomers do not have the retirement savings to support themselves without working. A paltry 15% feel they have saved enough to retire. Additionally, one-third of those nearing or in retirement have not devised a written plan or strategy for their retirement assets and income.

Part of the challenge in funding retirement is that people live a lot longer. A person who retires at 65 can be expected to live another twenty years. Someone thinking they will just continue to work at their current job, for their current pay indefinitely is, unfortunately, being unrealistic. While age discrimination is illegal, many companies find a way to push older workers out in order to establish younger professionals in leadership positions. As a result, those who were hoping to stay in their position are laid-off or demoted.

Seven Steps to Help Prepare Your Assets for the Next Market Downturn

The stock market is remaining strong as we enter the final months of 2018 – but it eventually will start a downward trend of some kind. Today Jon and Karyn talk about the proper steps to take to be sure your investments for retirement are positioned so when this does occur, losses can be kept to a minimum and your nest egg stays safer to preserve your funds – and maybe even preserve your retirement.

Assuming Responsibility | 8 Financial Assumptions for Building a Stronger Retirement

People need to make certain assumptions about their money to build a solid retirement foundation. This often includes investments, expenses, income needs and more. Today Jon and Karyn discuss what all of these are, why they are important and how to address each area to be sure you have what you need – when you need it.

Six Steps to a Smooth Financial Transition from Work to Retirement

Are you really prepared to make the transition from work to retirement? Today Jon and Karyn talk about the preparation needed to make sure it works – especially involving retirement income, protection from high costs of health care, asset allocation and more.

Key Steps to Maintaining a Strong Marriage in Retirement

You have lived a lifetime together. You have raised children, watched them grow, experienced life’s greatest moments and, undoubtedly, some of life’s hardest moments too. This bond has made your marriage strong but despite all of this, retirement may bring a new set of challenges that you and your spouse did not anticipate. If you’re feeling frustration or isolation as you adapt to life in this new chapter you are certainly not alone. According to a recent study by the Pew Research Center, the rate of divorce among American adults over 50 has doubled since the 1990s.[i] This dramatic rise is likely due to a broad spectrum of contributing factors, but one of those may be lack of planning in advance for a shared life in retirement.

In this article, we share some key elements to success for a happy marriage in retirement.

Fixing Eight Common Money Mistakes

These include not having a budget, not planning on when to take Social Security, and not knowing how much you can take out on a regular basis. Jon and Karyn discuss these areas and others to be sure you have all the bases covered and that one mistake doesn’t lead to others.

Overcome Your Fear of Outliving Your Retirement Assets

If you are among the millions of people worried about running out of money during retirement, there are steps you can take now to improve your financial picture for an extended retirement and a long and healthy life.

According to the TransAmerica Center for Retirement Studies, longevity risk is the top retirement fear of working Americans. As life expectancy has increased while retirement savings has decreased overall, people are relying on less money for a longer period of time in retirement.[i]

Fortunately, there are many strategies, investment vehicles and practical steps that can be implemented to avoid outliving your money.

Seven Strategies to Protect Your Assets from Health Care Costs

Health care is expensive. Add in the cost of potential long-term care and retirement health care is even more expensive. Today Jon and Karyn talk about the best ways to protect your income from those high costs by using portions of your assets in areas such as insurance or health savings accounts to provide funding if the worst case scenario does occur.

Five Financial Fundamentals for Your Retirement

These fundamentals are specifically designed to help prevent your portfolio from the kind of market volatility that occurred this past February – and which we did not see much of last year. Today Karyn goes through all five of them to help you make sure your plan and nest egg are protected.