Retiring early, usually prior to age 65, can present a unique set of circumstances. Remember to keep in mind how it may affect accessing funds, securing healthcare, and planning for a longer retirement period.
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With the potential for retirement to last as long as 30 or more years, it’s no wonder many people worry about outlasting their money. If you’re ready to retire, but don’t feel confident about whether you’re financially ready, a milestone that’s worthy of celebration can become a source of stress instead. That was the case for Steve, who turned to Savant Advisor Don Duncan for help.
Just as you review other aspects of your financial plan, you might want to review your auto insurance policy to determine whether your coverage is sufficient. Most drivers are familiar with auto insurance but may be unsure about how it works.
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Choosing the right advisor for you and your family requires careful consideration. Good chemistry is important, but asking thoughtful questions and conducting due diligence can help you differentiate between a “good” advisor and a great one.
Monitoring your tax situation regularly can help you avoid any surprises when it finally comes time to file your tax return. Here are some considerations to help you plan and strategize this year.
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For generations, workers have had a clear-cut career path that ended with retirement. But the world has changed dramatically in recent years, and you may now find yourself with the opportunity to reprioritize and repackage how work fits into your life.
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As retirees shift from saving during the accumulation phase to spending in the distribution phase, they frequently face emotional hurdles and uncertainties. In this FAQ, we explore typical concerns and present practical strategies to help navigate this pivotal life transition.
Leap Day, occurring once every four years on February 29th, serves to align our calendar with the Earth’s orbit around the sun. Despite its rarity, its impact on the economy is minimal, with debates arising over whether salaried employees work “for free” on this additional day.
If you split your time between a high-tax state and a low-tax state, one common question is, “Can I change my residency to save money on taxes?” The answer is – it depends.
An increasing number of individuals decide to stay active in the workforce during retirement. While they may depart from their longstanding roles or careers, they don’t completely disengage. Instead, they seek out fresh opportunities, potentially finding greater fulfillment along the way.
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In the face of life’s uncertainties, envisioning your retirement future can be daunting. Questions about financial security linger—will your funds last, and will you have all you need? The journey to confidence begins with action today.
While inflation holds significant importance within the Fed’s dual mandate, which prioritizes maximum employment and price stability, it does not stand alone in the Fed’s considerations. The Federal Reserve also monitors four other crucial economic sectors that provide valuable insights into the economy’s overall well-being and may impact the timing of monetary policy adjustments.
