Archive | Retirement Planning RSS feed for this section

Retirement In Sight: To Retire, or Not to Retire?

To Retire, or Not to Retire? For some of us, the coronavirus pandemic has complicated the question of when to retire. As Yahoo! Finance reports, a Harris Poll study conducted this past summer found that 25% of Gen Xers and 14% of baby boomers think they will retire later than they planned because of the […]

Comments Off on Retirement In Sight: To Retire, or Not to Retire? Continue Reading →

Monthly Economic Update

U.S. Markets A tumultuous year ended on a positive note as stocks rose in December, spurred by the rollout of multiple COVID-19 vaccines and the signing of a new fiscal relief bill. The Dow Jones Industrial Average, which lagged all year, picked up 3.27 percent. The Standard & Poor’s 500 Index gained 3.71 percent, and […]

Comments Off on Monthly Economic Update Continue Reading →

Retirement In Sight: This Year, There Is More Incentive to Give

This Year, There Is More Incentive to Givet When the Coronavirus Aid, Relief, and Economic Security (CARES) Act became law in March, it broadened charitable tax deduction opportunities. These special 2020 tax provisions are worth reviewing before they expire on December 31, 2020. First and foremost, the CARES Act allows individuals and couples taking the […]

Comments Off on Retirement In Sight: This Year, There Is More Incentive to Give Continue Reading →

Monthly Economic Update

U.S. Markets Stock prices powered higher and emboldened investors in November thanks to a series of positive news events. The Dow Jones Industrial Average, which has lagged much of the year, led the rally, jumping 11.84 percent. The Standard & Poor’s 500 Index tacked on 10.75 percent while the Nasdaq Composite rose 11.80 percent.[1] All […]

Comments Off on Monthly Economic Update Continue Reading →

Retirement In Sight: Most Americans Think They Will Work in Retirement

Most Americans Think They Will Work in Retirement A life of leisure? That may not be what retirement looks like for baby boomers and Gen Xers—and in fact, it may not be what they want their retirements to look like. Market research firm Ipsos surveyed more than 1,000 U.S. adults earlier this year and found […]

Comments Off on Retirement In Sight: Most Americans Think They Will Work in Retirement Continue Reading →

Monthly Economic Update

U.S. Markets Inaction on a second American fiscal stimulus bill and a rise in global COVID-19 cases put pressure on stock prices in October. The Dow Jones Industrial Average, which has lagged much of the year, dropped 4.61 percent. The Standard & Poor’s 500 Index lost 2.77 percent, and the Nasdaq Composite slipped 2.29 percent.[1] […]

Comments Off on Monthly Economic Update Continue Reading →

Retirement In Sight: Are Vehicle Costs Blocking the Road to Retirement?

Are Vehicle Costs Blocking the Road to Retirement? Logically, investing tens of thousands of dollars toward retirement may make more sense than adding an equivalent amount of consumer debt here and now. Practically, though, we need a good car or truck, and emotionally, we get a kick out of driving something new. So, we buy […]

Comments Off on Retirement In Sight: Are Vehicle Costs Blocking the Road to Retirement? Continue Reading →

Monthly Economic Update

U.S. Markets Stocks dropped in September as investors worried about stalled fiscal stimulus talks in Washington, the upcoming election, and new coronavirus cases in Europe. The Dow Jones Industrial Average, which lagged this year, slipped 2.28 percent. The Standard & Poor’s 500 Index lost 3.92 percent and the Nasdaq Composite declined 5.16 percent.[1] Tech Stocks […]

Comments Off on Monthly Economic Update Continue Reading →

Retirement In Sight: Could You Retire at 55?

Could You Retire at 55? Suppose you suddenly had to, or the opportunity presented itself. This prospect would not call for disregarding your carefully considered retirement strategy, but it would create some challenges. Social Security, Medicare, and popular retirement accounts were all created with the assumption that Americans would need retirement benefits and sources of […]

Comments Off on Retirement In Sight: Could You Retire at 55? Continue Reading →

Monthly Economic Update

U.S. Markets Stock prices surged in August as investors cheered positive news of a potential COVID-19 treatment and welcomed a monthlong succession of upbeat economic data. The Dow Jones Industrial Average rose 7.57 percent, the Standard & Poor’s 500 Index climbed 7.01 percent, and the Nasdaq Composite soared 9.59 percent.[1] Solid Foundation The month’s foundation […]

Comments Off on Monthly Economic Update Continue Reading →