Tag: Retiree

Article
June 20, 2024
The Retirement Coach, Jack Phelps, Savant Wealth Management

How Will You Buy Your Next Car?

After my recent car purchase, I realized how stressful the experience can be. To help navigate this process, I’ve outlined the pros and cons of buying vs. leasing a new car, taking into account key factors such as mileage, make, and model.

Article
June 20, 2024
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Avoiding Loneliness in Retirement

Retirement can be a wonderful time to pursue your passions and enjoy life. However, it can also be a time when you feel lonely and disconnected from the world around you. Here are some steps you can take to stay engaged.

Article
June 17, 2024
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Healthy Enough to Work; Wealthy Enough to Retire?

Susan, a 62-year-old corporate vice president, faces a critical decision. Recent health concerns have her questioning her planned retirement date. Can she afford to step away now, or will she need to work a few more years? The answer hinges on the value of her company holdings, which include Performance Stock Units and Restricted Stock Units, a stock compensation package common among executives.

Article
June 12, 2024
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Maximizing Compensation Beyond Salary: A Strategic Approach for Pre-Retirees

With 2024 in full swing, many nearing retirement are reevaluating their careers. Whether driven by recent experiences or a yearning for new challenges, a fresh start can be invigorating. But for those close to retirement, a strategic approach is key.

Article
June 3, 2024
The Retirement Coach, Jack Phelps, Savant Wealth Management

A Better Way to Define Retirement

When many people think of retirement, the first thing that comes to mind is usually stopping work. But retirement is more about living life on their own terms. In this new era of life, individuals can choose to work because they want to, not because they have to, and that’s a game-changer.

Home
May 28, 2024
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Do I Need to Pay Taxes on My Social Security Benefits? | Ask a Savant Financial Advisor

If you’re planning for retirement, chances are you’ve reviewed your estimated Social Security payments. But have you done the math to see if your payments will be subject to income tax?

Article
May 23, 2024
The Retirement Coach, Jack Phelps, Savant Wealth Management

But I Don’t Have Time to Make it Back

Market corrections can be unnerving, especially as you approach retirement. But remember, your investment time horizon is likely much longer than you think. If you strategize, fully grasp your life expectancy, and adhere to market principles, you do have time!

Article
May 22, 2024
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Building Your Retirement Dream Team

Imagine entering retirement with confidence, clarity, and a sense of purpose. But how do you get there? You could consult your “Retirement Dream Team” – a diverse group of people to help you address the emotional, social, and personal aspects of this new chapter.

Article
May 21, 2024
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Common Scams Affecting Seniors: What You Need to Know

Feeling bombarded by scams? You’re not alone. The FBI reports a rise in cons targeting older adults, with a staggering $3.4 billion stolen in 2023. Let’s explore some common tactics and tips that can help you stay safe.

Savant Views & News
May 16, 2024
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Are You on Track to Retire? [On-Demand Webinar]

Retirement can be an exciting time that many eagerly await. But there may also be a sense of uneasiness or anxiety that accompanies this stage of life. Taking some time to think about where you are now, and what you can do to stay on track, can be beneficial and may ease those feelings of angst.

Article
May 9, 2024
The Retirement Coach, Jack Phelps, Savant Wealth Management

Don’t Let It Take a Crisis

We’ve all heard the phrase, “Don’t wait for a crisis in your life to motivate you to prioritize and do what you really want to do.” Yet, it often takes a crisis to prompt us to reevaluate and refocus. For me, losing my mother at a young age was a wake-up call to prioritize and make the most of every day.

Article
April 22, 2024
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The Power of Planning: Factoring in Longevity for a Secure Financial Future

How long will you live? It’s a crucial question for a secure retirement. This article explores key considerations for creating a personalized plan.

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