Lighthouse Financial LLC

Thinking About Leaving Work a Little Early? The so-called FIRE movement (FIRE stands for financial independence, retire early) has garnered so much attention, even those who anticipate retiring in their 60s are wondering if they should make a sacrifice or two to exit their careers or businesses a bit earlier. A poll, commissioned by personal […]

How Retirement Saving Relates to Retirement Spending Sometimes an article will present a generic retirement forecast, stating that the average person may need “X” dollars in savings to retire confidently. Stories like these appear every so often on financial websites, and they should be taken with a grain of salt. These articles imply that a […]

Can You Stay on a Company Health Plan After Age 65? Generally, Medicare is available for people age 65 or older—this is well-known. What is less well-known is the fact that some companies can legally cancel group health insurance for a worker reaching this milestone. Baby boomers who aspire to keep working into their mid-60s […]

Retiring with a Cash Reserve Many people want to enter retirement with (a) investments that may have benefited from years of growth and compounding, (b) a manageable debt position, and (c) a cash reserve for emergencies. Just how large should that cash reserve be? There is no simple answer to that question because the answer […]

In Retirement, Your Spending Could Fluctuate Your retirement income strategy will almost certainly evolve. How much you spend will vary from year to year, and in some years, you will spend more on some things than others. At the start of your retirement, you may spend more than you think. A recent J.P. Morgan Asset […]