planning Archives - DR News - News, Retirement, Finance

Retirement Planning Expert Advises Widow on Securing Financial Future with Strategic Investments

Toronto, CANADA – After the sudden passing of her husband, Marjorie found herself faced with the daunting task of managing her finances. With her husband being the one responsible for handling their investments, Marjorie expressed feeling overwhelmed and fearful about how to navigate the portfolio he left behind. Concerned about ensuring her financial security, Marjorie sought guidance on strategies for managing her savings, making withdrawals, and understanding the tax implications. With her pension, Canada Pension …

Discover the Non-financial Aspects of Retirement Planning

After working five days a week for most of your life, entering retirement can be a shock. Suddenly, you go from a set schedule to days free to do whatever you want. This transition may be difficult for many people who are dedicated and defined by their jobs. For some, retirement can last decades, and no matter where you are in preparing for your golden years, it’s never too early to start planning for the …

Retirement Planning: The Key to Tax Diversification in Uncertain Times

Minneapolis, MN – As the tax deadline of April 15 approaches, many individuals are contemplating the best strategies for retirement savings, considering the uncertainties that come with planning for the future. One major consideration is the concept of tax diversification, a smart strategy to include in retirement planning. With traditional retirement accounts like IRAs and 401(k)s, contributions are made with pre-tax dollars, and taxes are paid upon withdrawal in retirement. On the other hand, Roth …

Retirement Savings Study Reveals One in Five Adults Have No Savings, AARP Launches Campaign to Encourage Planning

Jacksonville, Florida – A recent survey conducted by the AARP reveals a concerning statistic – more than one in five adults have no retirement savings. In response to this alarming trend, the AARP and the Ad Council have joined forces to launch a campaign called “This is Pretirement” aimed at urging individuals to take proactive steps towards securing their financial future. Mary Liz Burns, a representative from the AARP, emphasized the importance of addressing the …

Hourly Financial Planning Fees: What Should You Expect to Pay for a Fee-Only Planner?

Boston, Massachusetts – As individuals approach retirement age, the need for sound financial planning becomes increasingly important. Recently, a Reddit user sought advice on the appropriate hourly fee for a fee-only financial planner, sparking a discussion on the costs associated with financial advisory services. The user, who has a substantial investment portfolio totaling $1.55 million with a heavy focus on tech stocks, sought guidance on portfolio rebalancing. With retirement on the horizon in 2024-2025, the …

Retirement Planning: Social Security Webinar Helps Navigate Benefit Options

Chicago, Illinois – As individuals approach retirement, one crucial financial decision they must consider is determining the optimal time to commence receiving Social Security benefits. With the decline of traditional pensions, Social Security remains a fundamental source of secured income during retirement for the majority of Americans. One valuable resource available to aid individuals in navigating their Social Security benefit options is MissionSquare Retirement’s upcoming webinar, “Social Security: Understanding Your Retirement Benefit Options.” This webinar …

Nigerian Experts Advise on Retirement Planning for Financial Security and Independence

Lagos, Nigeria – As individuals approach their 50s, retirement planning becomes a crucial aspect of their financial journey. Many find themselves facing the challenge of inadequate savings, lingering debt, and concerns about healthcare costs, which can lead to feelings of unpreparedness for the future. The realization that their retirement savings may not be enough to sustain their desired lifestyle can evoke anxiety and uncertainty. Debt also poses a significant obstacle to retirement preparedness for those …

Retirement Savings Survey Reveals Widespread Financial Planning Concerns for American Workforce

SEATTLE, Washington – A recent survey conducted by Bankrate revealed that nearly half of the American workforce is concerned about not having enough money to retire comfortably. This has led to a growing interest in financial planning and retirement strategies to ensure a secure future. Wealth advisors are emphasizing the importance of considering the “Critical 10” when it comes to retirement planning. This concept highlights the significance of financial planning in the five years leading …

Retirement Planning: Understanding Your Full Retirement Age and Social Security Benefits

Boston, MA – Social Security has long been a crucial program for millions of retirees, providing a financial safety net for those in their golden years. While many are thankful for its support, some find the system complex and difficult to navigate. Understanding key details, such as the full retirement age, is essential for maximizing the benefits of this important program. The full retirement age (FRA) is a critical factor in determining when individuals are …

Maximize Your Social Security with Holistic Retirement Planning Strategies

LEWES, DELAWARE – As Social Security approaches its 100th year in existence, many people are still uncertain about the best time to claim their benefits for maximum financial optimization. The decision of when to claim can have a significant impact on a person’s retirement portfolio and financial future, so it’s crucial to consider all factors before making a decision. It’s not just about maximizing the amount of money received from Social Security, but also about …