Throughout your life, you’ve likely developed spending habits based on your perception of what you could afford. However, as you transition into phase two of your financial journey, where a regular paycheck is no longer guaranteed, this perception can hold you back from experiencing the fulfillment you’ve earned through years of hard work and preparation.

Grappling with diminished cognitive abilities can be challenging. But with thoughtful financial planning, we can chart a course that will help navigate possible changes in our mental capacities.

For those who are already retired and enrolled in Medicare or who are approaching enrollment, you should be aware of how the monthly Medicare Part B and Part D premiums are determined. If you’re already on Medicare, you are probably accustomed to paying your monthly premiums, but have you considered where these amounts came from?

Are you still paying premiums for life insurance? If so, are you sure you still need to? That might seem like a funny question if you’ve carried life insurance for a long time. However, you may not need that insurance policy anymore. It’s a question worth evaluating.

After years of focusing on saving as much as possible, in retirement you’ll need to switch gears and start recreating a paycheck with your savings. Cracking into your nest egg in a tax- and risk-efficient manner while reinvesting enough to support the rest of your life can be a complex and challenging topic.

Many things have shifted since the pandemic – not the least of which is our financial footing and future plans. Some of those plans may include our primary residence – whether to keep or sell it as we work through life transitions such as retirement or a health situation.

One of the keys to building a healthy and sustainable retirement savings plan is to take full advantage of an employer-sponsored retirement account. Here are several factors to consider when reviewing your retirement plan options.

Ever wondered about your lifespan? It’s not a usual party topic, but for financial advisors, it’s a daily concern. Planning for life expectancy is vital in financial matters.

Altering a 40-year habit is challenging. Confidently flipping the switch from saving to spending to support the life you’ve earned requires regularly consulting your numbers so you can make educated and rational decisions.

It’s common to ask about Medicare enrollment as you approach retirement age, and the right answer really depends on your health, employment status, and current benefits.

Rob Morrison talks about how you can put your intellectual capital to work by pivoting to a transitional career (a victory lap career) as you approach retirement age.

A comprehensive retirement income strategy is essential for a comfortable and secure retirement. A financial advisor can help create a personalized plan to maximize income and manage risk.