RETIREMENT PLANNING INFORMATION

Individual Retirement Accounts (IRAs) are fundamental tools for both retirement savings and estate planning. Choosing the right type of IRA—Traditional or Roth—requires a clear understanding of how each functions in relation to your financial goals and estate planning needs.

As seniors approach retirement, maximizing Social Security benefits becomes crucial for ensuring financial stability in their golden years.

As the New Year approaches, it's an ideal moment to reflect on your goals and resolutions, especially if you're aiming to retire in 2024. Retirement is a well-deserved phase of life, but it demands thorough planning to ensure you can enjoy your golden years to the fullest.

In this blog, we explore the essential estate planning considerations for retirement, and we'll walk you through a real-world example of Jim's journey to ensure a seamless financial transition.

If the pandemic proved anything, it’s that life tends to get in the way of our plans — including retirement plans. Over the course of the pandemic, many people were forced to retire early, others decided they wanted to retire and still others opted to change their planned retirement date.

While deciding when to retire it might seem simple, it’s an increasingly complex decision and there may not be an easy answer. There are many opportunities as well as challenges that need to be considered when deciding if retirement is the next step.

Since it was created in 1978, the 401(k) plan has grown to become the most widely-used type of employer-sponsored retirement plan in the U.S. These plans provide millions of workers money to be invested for their retirement, and 401(k) plans have become a key benefit of a job for many employers across the state.

Retirement is one of the most important financial decisions you’ll ever make, so it is important to stay informed and be wise with your money for this next stage in your life. Here are some tips to help you get on the path to a fulfilling retirement:

You want your loved one to benefit from your retirement account, not the creditors. If you or your beneficiaries fall into any of these five categories, you should seriously consider using a standalone retirement trust (SRT) to protect your retirement accounts.