Why do some households tread water financially while others make progress? Does it come down to habits. Sometimes the difference starts there. A household that prioritizes paying itself first may end up in much better financial shape in the long run than other households.
“The art of taxation consists in so plucking the goose as to obtain the largest amount of feathers with the least possible amount of hissing.”- J. B. Colbert
Part 1 – Understanding your health care costs in retirement
This is the first of a three-part series on planning for health care costs in retirement.
There are many choices for repaying student loans. This checklist from the Financial Planning Association can help you weigh them.
Social Security is very often the cornerstone of a retirement income plan. It is an important benefit that provides inflation adjusted income that the client can't outlive. But, with a married couple, once one spouse dies, that income is going to drop resulting in a "pay cut" for the surviving spouse.
As you near retirement, there are many things to worry about, for example running out of money, rising health care costs and nursing home care. Another issue to consider is “where do I live during retirement?” According to an AARP study, most people have a strong desire to remain in their current home for as long as possible.