How You Can Protect Your Retirement Against Cognitive Decline

If your memory fades, you’ll need someone to help you, so choose wisely.

Many seniors ensure that they have a durable medical power of attorney to carry out their wishes if they cannot direct health care providers. However, only 39% have given any kind of power of attorney to protect their money. While we’ve all heard horror stories about people committing fraud or making substantial financial mistakes due to cognitive decline, many of us believe it will not happen to us. But you never know, so it’s always a good idea to be prepared.

Should You Collect Social Security at 62?

We can claim Social Security retirement benefits as early as age 62. When to start collecting is a tricky decision.
Check to see if any of the below situations apply to you.

Should Your Add Crypto to Your Retirement Portfolio?

Cryptocurrencies based on blockchain are sure to play a significant role in the future of investing, the economy, and digital life in general. According to several experts, millennials are putting too much trust in trendy but risky computer-generated tokens as retirement investments.

The Right Moves for Your Retirement in a Bear Market

Inflation and market downturns can make retirement a difficult choice. According to economists and advisers, the market’s performance in the first few years of retirement can considerably impact how long a nest egg lasts, partly because losses are larger when a portfolio is typically at its largest.  It isn’t always possible to time your retirement to coincide with a bull market. Researchers have found that even people who retired at the worst time to do so …

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The Benefits of Wills and Trusts

Surprisingly, 55% of Americans don’t have a will, but they’re crucial documents since they direct the distribution of your assets after your death. Without one, state laws determine who gets your assets, and your heirs may face delays and expenses trying to claim their inheritance. Here are some key facts about wills:

Naming a Trust as a Beneficiary

It is advantageous to name a trust as a beneficiary if your beneficiaries are minors, have disabilities, or cannot be trusted with large sums of money. To avoid future estate tax issues, some attorneys also recommend establishing a special trust as an IRA beneficiary to prevent its assets from becoming part of a surviving spouse’s estate.

I Bonds Can Generate Passive Income

Indeed, I bonds are currently earning higher interest rates than most fixed income investments, and they don’t have the same risk of interest rate fluctuations as other fixed income investments. Your investment will never lose value as long as you keep it invested. I bonds would be an excellent investment as an alternative to some of the bond investments that pre-retirees and retirees currently hold. The I bond could be one of the investment assets you use to generate a regular retirement income.

Are You Ready to Retire?

A happy retirement is certainly deserved after years of hard work. There’s a good chance you’ve already been daydreaming about it, at least a little bit. Are you going to travel the world, volunteer for a charity, go fishing, or spend more time with your grandchildren? There are endless possibilities.

How To Retire Early Even If You Started Saving Late

Many people share the dream of retiring early. In order to achieve that goal, workers must often begin saving very early. You may wonder if your early retirement plans are doomed if you haven’t saved much money in your career, and it’s good news that they’re not.