Tag: Retiree
Can I Change My Residency to Florida?
Many retirees are fleeing high cost states such as Illinois, New York, and California for greener pastures like Florida. Are you contemplating making a change?
Caring for Mom and Dad: Financial Considerations of Sharing Your Home
In some cases, elderly parents may need to move in with their adult children to receive assistance with daily tasks and medical care. While this can be a great way for families to come together and provide support, it likely also involves additional expenses.
Preparing for Health Changes in Retirement
In retirement, many people begin to think about their long-term financial plans. However, it’s also a time when they consider their health and how it may decline in the future. Thoughtful preparation can help protect your assets and ensure that your loved ones can more easily carry out your final wishes.
7 Things Surviving Spouses Need to Know About Social Security
Social Security’s rules for collecting benefits are complicated. Benefits for widows are calculated differently than traditional retirement benefits, so you need to be aware of a few key rules and strategies.
Is Inflation Eating Away at Your Nest Egg? [On-Demand Webinar]
Heading into a new year with high inflation can create some anxiety about the future, especially if you are retired or plan to retire soon. Savant advisors Jeff Lewis and Cory Barel discuss potential strategies to help ease the sting of inflation.
Retiring in 2023? What You Need to Know
If you will retire this year, you may already be well into planning your ideal future — deciding how and where you’ll live, what hobbies and activities you’ll pursue, and determining how you’ll maintain your social network. But don’t forget these key areas.
Retiring in 2023: What You Need to Know [On-Demand Webinar]
Savant advisors Joel Cundick and Nick De Jong discuss what you need to know if you’re retiring in 2023.
SECURE 2.0 Brings Significant Changes to Retirement Rules
SECURE Act 2.0 is a significant piece of legislation, which is designed to improve retirement security for Americans. It includes a number of provisions that could affect the amount you can save for retirement now or in the future.
Don’t Forget These 3 Things When Planning for Retirement
Many of us dream of our retirement day and how wonderful it will feel to finally be in control of our own schedule. We diligently work through the details of our financial plan each year to hit the mark. But anything can happen between now and then, and some of those things may be out of our control and we mitigate them as best we can. There may be other factors within your control that you may have overlooked. Here are three key retirement planning areas that are often missed.
Sharing Financial Wishes with Your Family
It can be scary and difficult to talk to your family about your finances. But the holidays can present a perfect opportunity to start the conversation.
Personalizing Your Retirement Income Strategy
We recently discussed how to create a personalized retirement income strategy with Bob Witt, a financial advisor in Savant’s Lincolnshire, IL office.
Can You Afford to Retire Now? Use the “3 Rs” to Help You Decide.
2022 hasn’t exactly been a banner year for the U.S. economy. If recent events have caused you to think twice about retiring, you’re not alone. Financial advisor Justin Smith provides three action items to help you decide.