Retirement Plan

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.

Should You Buy That Retirement Home Before You Retire?

Are you buying a retirement home? When should you do it? Despite long-term intentions, purchasing a retirement home too early could be shortsighted. Whether in your 30s or 60s, weighing the pros and cons objectively before buying a retirement home is essential.

Using Your Home Equity in Retirement

For decades, home ownership has been a cornerstone of the American Dream. It’s about more than just owning a home; it’s about building equity. Homeownership creates wealth, as homeowners build equity by paying off their mortgage or most of it.

Ships Can Help With Your Medicare Problems

Medicare can be a complicated system. A mistake when signing up could lead to lifelong penalties or coverage gaps, and people who lose their jobs after 65 have an extra layer of complexity. Every Medicare beneficiary can select a Medicare Part D or Medicare Advantage plan during open enrollment each year. The plan you choose could significantly impact your out-of-pocket expenses. Many low-income people aren’t aware that they are eligible for extra assistance to pay for Medicare drugs. You can appeal and fight back if your medication or care is denied. All of these complicated Medicare issues can be handled by your State Health Insurance Assistance Program or SHIP.

Bear Market Strategies for Retirees

Those who take regular distributions from their accounts should avoid selling into bear market lows and locking in market losses, resulting in long-term portfolio damage. Baby boomers must protect their portfolios to make it through a bear market with minimal damage to their retirement savings.