Archive for the ‘Empty Nest’ Category

Working past your retirement age

April 18th, 2011 John Evans

The recent economic challenges have many older Americans considering the prospect of staying in the workforce past their normal retirement age. This isn’t a new phenomenon. According to the Social Security Administration, nearly 31 percent of individuals between the ages of 70 and 74 reported income from earnings in 2008, the latest year data is […]

Do you know where your money is going? 5 tips to track your money

April 11th, 2011 Sue Armbrecht

Most people underestimate the amount of money they are spending. That’s why it’s so important to monitor your expenses on a consistent basis. After all – if you want to save money, you need to know how much you’re spending. The concept of tracking money is pretty straightforward – write down how much money you […]

How to profit from an empty nest

March 29th, 2011 John Evans

Empty nesters have the ability to save significantly once their children are grown and leave the home. However, a Nov. 2010 study by the Center for Retirement Research at Boston College revealed that once children become independent, parents decide to “give themselves a break” from saving and spend about $2,000 more a year per person […]

Spring cleaning – put your financial house in order

March 28th, 2011 Mike Roozeboom

As winter draws to a close, and you file away your forms and schedules at the end of the tax season, it’s a good time to take a closer look at your finances and tidy up where needed. Here’s a checklist of key considerations to help you get started. Lay a balanced investment groundwork* Does […]

Understanding minimum distribution rules

March 28th, 2011 Kevin Mote

If you’re approaching retirement, you’ll eventually need to make serious decisions about when to begin taking withdrawals (known as distributions) from your retirement accounts, how to receive the money and how to calculate the taxes you’ll owe.* Fortunately, the rules governing required minimum distributions (RMDs) have been simplified in recent years. Nonetheless, you should exercise […]

How to be an organized financial consumer

January 31st, 2011 Jeff Burkhart

Being an organized financial consumer really boils down to one thing: Take control of your money instead of letting it control you. Although this may seem like a daunting prospect for some people, a few simple strategies can help you streamline your finances and become more organized about household money matters. Have a clear understanding […]

young family

6 basic rules to financial freedom

January 31st, 2011 Doug Benjamin

Managing your finances can be a confusing and daunting process. But the reality is that mastering money isn’t that difficult. If you stick to a few basic rules and principles you’ll set yourself up for a life of financial freedom. Keep in mind that most of these rules are behavioral in nature, and changing your […]

5 Common Money Mistakes

January 31st, 2011 Barb Finney

In challenging economic times, you can’t afford to play fast and loose with your finances. Minor missteps can add up to thousands of lost dollars over time. Avoid five of the most common money mistakes, and you’ll start adding to your nest egg in no time. Money mistake #1: Living beyond your means This affects […]

7 financial tips for empty nesters

January 18th, 2011 John Evans

With kids out of the house, the empty nest period is typically a time of high discretionary income and a high potential for relative savings. It is also the time to think seriously about retirement and get plans in place for the future. After all, with the “golden years” just around the corner you can’t […]

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